Response to statement

Sainsbury(J) PLC 02 February 2007 2 February 2007 Response to Statement from CVC Capital Partners (CVC), Kohlberg Kravis Roberts & Co. Limited (KKR) and The Blackstone Group International Limited (Blackstone) J Sainsbury plc (Sainsbury's) has noted the statement issued this morning by CVC, KKR and Blackstone. No proposal has been received. Accordingly Sainsbury's has no further comment to make. Enquiries: Investor Relations Media Lynda Ashton / Elliot Jordan Pip Wood +44 (0) 20 7695 7162 / 4931 +44 (0) 20 7695 6127 Notes (1) The following is an extract of the text of the announcement made this morning by CVC, KKR and Blackstone. CVC CAPITAL PARTNERS ('CVC'), KOHLBERG KRAVIS ROBERTS & CO. LIMITED ('KKR') AND THE BLACKSTONE GROUP INTERNATIONAL LIMITED ('BLACKSTONE') STATEMENT REGARDING J SAINSBURY PLC ('SAINSBURY') Further to recent speculation, CVC, KKR and Blackstone confirm that they are at the preliminary stages of assessing Sainsbury. No decision has been made regarding the relative merits of an offer and as a consequence there can be no assurance that any offer for Sainsbury will be forthcoming. A further announcement may be made, if and when appropriate. (2) Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1 per cent or more of any class of 'relevant securities' of Sainsbury's, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Sainsbury's, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of Sainsbury's by CVC, KKR, Blackstone or Sainsbury's, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock Exchange
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