Result of Tender Offer

Marks & Spencer Group PLC
25 October 2004


MONDAY 25 OCTOBER 2004

              Marks and Spencer Group plc: Result of Tender Offer

Marks and Spencer Group plc ('Marks & Spencer' or the 'Company') announces the
result of the Tender Offer which closed on 22 October 2004 following shareholder
approval at an Extraordinary General Meeting of the Company held on that day.

The strike price for the Tender Offer is 362 pence per ordinary share. All valid
tenders submitted at prices below 362 pence as well as valid tenders submitted
as Strike Price Tenders will be accepted in full. Valid tenders submitted at 362
pence will be scaled back pro rata so that 43.4387 per cent of such ordinary
shares will be repurchased, rounded down to the nearest share. Tenders at prices
above 362 pence will be rejected. Approximately 635.36 million ordinary shares
are therefore being repurchased for cancellation at a price of 362 pence per
share and a total cost of £2.3 billion. Approximately 27.9 per cent of the
issued share capital is being cancelled.

Following completion of the Tender Offer and the cancellation of those shares
which have been repurchased, the number of ordinary shares in issue will be
approximately 1.645 billion.

The consideration for the Tender Offer will be sent to those shareholders who
successfully tendered shares by 28 October 2004.

Paul Myners, Chairman of Marks & Spencer, said:

'We are pleased that the Tender Offer has been completed successfully.'

Enquiries:

Marks and Spencer Group plc
Investor Relations:
Amanda Mellor [phone]
Damian Evans [phone]
Press Office: [phone]

Cazenove & Co. Ltd [phone]
Duncan Hunter
Richard Wintour
Emma John
Jonathan Wilcox

Notes to Editors:

1.  It is expected that cheques for Tender Offer proceeds in respect of
    sold certificated Ordinary Shares will be despatched and CREST accounts for
    revised holdings of Ordinary Shares will be credited on 28 October 2004.

2.  Under Section 198 of the Companies Act 1985, major shareholders have to
    advise the Company of a significant change in their shareholding within 2 
    days of having knowledge of the change. The Company must notify a Regulatory
    Information Service of such a change by the end of the business day 
    following receipt of the information by the Company.

3.  Full details of the tender offer to purchase ordinary shares (including
    ordinary shares represented by American Depositary Shares) up to a maximum 
    value of £2.3 billion, were set out in the circular to shareholders dated 21 
    September 2004.

                      This information is provided by RNS
            The company news service from the London Stock Exchange