Disposal

Kingfisher PLC
20 July 2001


20 JULY 2001

KINGFISHER ANNOUNCES COMPLETION OF SUPERDRUG SALE

Further to the announcement of 3 July 2001, Kingfisher plc today announces the
completion of the sale of Superdrug Stores Ltd ('Superdrug') to Kruidvat UK
Limited, a wholly owned subsidiary of Kruidvat Beheer B.V. (a private Dutch
owned chain of health and beauty stores) ('Kruidvat').

Total consideration for the sale, including repayment of intra-group debt, was
£280 million payable in cash, and the value of the net assets as at the 3
February 2001 year end was £14.4 million.  £2.4 million of the consideration is
to be deferred until the completion of the transfer of eight pharmacy licences
out of Superdrug.  The proceeds of sale will be used to reduce net debt of the
Kingfisher group.

The freehold property occupied by Superdrug and owned by Chartwell Land will
initially be retained by Chartwell; but its future disposal is planned. Taking
the disposal of the property into account, total consideration from the
disposal of the Superdrug business is expected to be around £310 million.

                                     ends

Notes to Editors

Superdrug is the UK's second largest specialist health and beauty retailer,
operating over 700 stores.  Kruidvat operates drugstores and perfume stores in
the Netherlands, Belgium, France, Poland, Hungary and the Czech Republic.  In
the year 2000, Kruidvat consolidated store turnover totalled NLG 3.52 billion.
Following the proposed demerger of the balance of Kingfisher's general
merchandise businesses (Woolworths, Entertainment UK, MVC, Streets Online and
VCI), Kingfisher plc will be one of Europe's leading home retailers operating
principally through its two international businesses in Home Improvement and
Electrical & Furniture.  Around 55% of the Group's turnover will arise outside
the UK. Kingfisher will employ around 90,000 people in over 1,300 stores across
16 countries and will include some of the best retail brands in Europe
including B&Q, Castorama, Comet, Darty and BUT.


For further information:

Media Enquiries
Jonathan Miller, Head of External Relations                 [phone]
Tom Wyatt, Financial Dynamics                              [phone]

Broker and Institutional Enquiries
Ian Harding, Director of Investor Relations                [phone]
France:
Graham Fairbank, Head of Corporate Communications         [phone]

Kingfisher plc                                             [phone]
Kingfisher Website                                           www.kingfisher.com