Result of Meeting

Marks & Spencer PLC
28 February 2002


                            MARKS AND SPENCER P.L.C.

                         Proposed Return of £2 billion

           Result of Court Meeting and Extraordinary General Meeting

                                28 February 2002


Shareholders approve Scheme of Arrangement

At a meeting today convened by the High Court, ordinary shareholders
overwhelmingly approved the Scheme of Arrangement without modification. The
notice of this Court Meeting was set out in the Shareholder Circular dated 29
January 2002.

The Court is expected to approve the Scheme of Arrangement at a hearing on 18
March 2002.

Resolution passed at Extraordinary General Meeting

At an Extraordinary General Meeting of the ordinary shareholders which followed
immediately after the conclusion of the Court Meeting, the resolution as set out
in the Notice of Extraordinary General Meeting contained in the Shareholder
Circular dated 29 January 2002 was passed as a special resolution.

The resolution is for the purpose of giving effect to the Scheme of Arrangement
and to amend the Articles of Association in relation to the Scheme of
Arrangement, conditionally on the Scheme becoming effective.

Commenting on today's result Luc Vandevelde, Chairman and Chief Executive, said

'I am delighted that so many shareholders, both institutional and private,
supported this key element of the restructuring that we announced last year. We
are hoping for approval of the Court for the Scheme and the reduction in capital
by 20 March 2002 which will allow us meet our commitment to return the £2
billion to shareholders before the end of this financial year.

For further information please contact:

Corporate Press Office:
020 7268 8642

Shareholder helpline:
0800 035 2780 (Freephone)

                      This information is provided by RNS
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