Stmnt Re Press Speculation

SAINSBURY (J) PLC 11 October 1999 J Sainsbury plc ('Sainsbury or the Company') The Board of J Sainsbury plc notes recent press speculation concerning its future independence. It categorically denies it is seeking a merger partner or buyers for the Company. The strategy of the Board of Sainsbury is to maximise shareholder value by restoring the performance of the UK supermarkets' business whilst maintaining the strong growth evident in the US supermarket division and Homebase. Press Enquiries J Sainsbury plc Dominic Fry 0171 695 6593 Brunswick Public Relations Ltd Andrew Grant 0171 404 5959
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