Cumulative Preference Shares

Marshalls PLC
12 June 2002


MARSHALLS PLC


Cancellation and Repayment of 10% Cumulative Preference Shares and Reduction of
Share Premium Account

Marshalls plc announces that the cancellation and repayment of the 1,014,791 10%
Cumulative Preference Shares of £1 each and reduction of share premium account
approved by Shareholders on 22 May 2002 was confirmed by the Court today, 12
June 2002, and will become effective on the registration by the Registrar of
Companies of the Order of the Court, which is expected to occur tomorrow, 13
June 2002.

As indicated in the Company's Circular to Shareholders dated 18 April 2002, the
register of 10% Cumulative Preference Shareholders will close, and the listing
of these Shares will be cancelled, at close of business tomorrow, Thursday 13
June 2002.

The sum of £2.24 per 10% Cumulative Preference Share, together with accrued
interest up to the date of payment, will be posted to Shareholders on 20 June
2002.


Enquiries:


Richard Monro, Group Company Secretary, Marshalls plc

Tel:   [phone]


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