Statement re Price Guarantee

SAINSBURY (J) PLC 1 October 1999 Sainsbury's Supermarkets Limited announces an enhanced price guarantee on 1500 key lines Sainsbury's Supermarkets Limited, J Sainsbury plc's UK food retailing business, today announces that it will guarantee customers the lowest prices on 1500 everyday items including 100 top brands, at a net cost of £20 million in the current year, after supplier support. This initiative, supported by a personal letter from Dino Adriano, Group Chief Executive, to every customer entering Sainsbury's stores during the next week, highlights Sainsbury's commitment to offering customers value reassurance while refusing to compromise on food quality to help cut prices. Dino Adriano comments, 'It is getting harder for shoppers to know what to believe about supermarket prices. At Sainsbury's we made a promise to our customers years ago: to provide the highest quality food at the most competitive prices. That promise remains true today.' Contact: Investor Relations: Miranda Pode - 0171 695 6215 Press Office: Pip Wood - 0171 695 6127
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