Director Shareholding

Sainsbury(J) PLC 20 May 2004 J Sainsbury plc Directors' Interests The following Directors have been awarded a conditional allocation of shares on 20 May 2004 under the Company's Performance Share Plan: J M King 184,762 R J Matthews 130,018 The maximum award set out above will only be released if the Company's total shareholder return, measured against the comparator group, is at first position in the group at the end of the three year performance period. There is no award unless median performance is achieved. Awards are pro rated for performance between median and first position. The following Directors have received a grant of options on 20 May 2004 under the Company's Executive Share Option Plan. J M King 491,355 R J Matthews 345,768 Date of Grant: 20 May 2004 Period during which the option is exercisable: 20 May 2007 - 19 May 2014 Exercise price: 274.75 pence. Contact: Lynda Ashton Investor Relations Manager 020 7695 7162 Pip Wood Media Relations 020 7695 7295 This information is provided by RNS The company news service from the London Stock Exchange
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