MSFS Credit Facility

Marks & Spencer Group PLC
15 August 2003



Issued: Friday, 15 August 2003


                  MARKS AND SPENCER FINANCIAL SERVICES P.L.C.
               £1.25 BILLION SYNDICATED REVOLVING CREDIT FACILITY


Marks and Spencer p.l.c., acting as guarantor, and Marks and Spencer Financial
Services p.l.c., as borrower, signed a £1.25 billion, three-year syndicated
banking facility yesterday afternoon which has been put in place to support the
development of Marks and Spencer Financial Services p.l.c.

The new facility has been syndicated among 19 banks.



For further information, please contact:

Corporate Press Office   Sue Sadler  020 7268 8642





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