Sainsbury(J) PLC
25 July 2001
J Sainsbury plc - Purchase of own securities
In accordance with Chapter 15 of The Listing Rules notice is hereby given that
at the Annual General Meeting held on 25 July 2001, the shareholders of J
Sainsbury plc resolved that the Company be generally and unconditionally
authorised to make market purchases (within the meaning of Section 163(3) of
the Companies Act 1985) of ordinary shares of 25p each in the Company
('ordinary shares') provided that:-
(a) the maximum number of ordinary shares hereby authorised to be acquired is
193,168,275;
(b) the minimum price which may be paid for any such share is 25p (being the
nominal value of an ordinary share) exclusive of associated expenses;
(c) the maximum price which may be paid for an ordinary share is an amount
equal to 105% of the average of the middle market quotation for an ordinary
share derived from The London Stock Exchange Daily Offical List for the five
business days immediately preceding the day on which that ordinary share is
contracted to be purchased (exclusive of associated expenses); and
(d) the authority hereby conferred shall expire at the conclusion of the next
Annual General Meeting of the Company after passing of the resolution or 18
months from the date of this Resolution, whichever is the earlier; save that
the Company may make a contract of purchase ordinary shares under this
authority before the expiry of the authority which will or may be completed
wholly or partly thereafter and a purchase of shares may be made in pursuance
of any such contract.
Further enquires contact William Hamilton 020 7695 6379
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