Disposal

Kingfisher PLC
23 April 2003

23 April 2003

                    Kingfisher sells Reno-Depot to RONA Inc


Kingfisher plc has today announced that it is selling its Canadian Home
Improvement business Reno-Depot to RONA Inc. for a total consideration of 
C$ 355 million (around £155 million, based on the balance sheet of 29 March 
2003), payable in cash on completion.  Completion is subject to Canadian 
competition authority clearance which is expected in late summer 2003 and 
financing.  RONA has secured a bank commitment to finance the purchase of 
Reno-Depot subject to normal terms and conditions, including the absence of 
a material adverse change in the bank lending market or the business.

The sale proceeds will be used to reduce Kingfisher's debt.

Excluded from the sale is a portfolio of land for retail development in Canada
with a current book value of around £16 million (around C$36 million).  This
will be sold in due course.

Reno-Depot operates 20 warehouse stores in Quebec and Ontario employing around
4,300 people.  In the financial year ended 1 February 2003, the business made a
profit of £21.3 million on a turnover of £358 million.

Commenting on the sale, Kingfisher Chief Executive Officer Gerry Murphy said:
'Reno-Depot is a good business but Kingfisher has decided to focus its
international resources on building and consolidating leading positions in
European and Far Eastern markets where there is scope for substantial organic
growth and where shareholder returns will be greatest.'

The value of Reno-Depot's net assets at year ended 1 February 2003 was £105
million (C$ 240 million), excluding the undeveloped land.

Castorama Dubois Investissements (Castorama) purchased Reno Depot in April 1997.
Following Kingfisher's acquisition last year of the Castorama minorities, a
proportion of the goodwill arising on that transaction is attributable to
Reno-Depot.  As a result, Kingfisher expects there will be no exceptional profit
or loss arising from this sale.  Based on 2002/3 results, the full year effect
of this transaction would be to reduce earnings per share by approximately 0.4
pence.

                                     -ends-

                                Notes to Editors


1.      Kingfisher is Europe's leading home improvement retailer.  With more
than 600 stores in 12 countries, Kingfisher is the world's most international
home improvement retailer, enjoying market leading positions in the UK, France,
Poland and Taiwan.  Sales for the Home Improvement sector for the year to 1
February 2003 were over £6.7 billion, with retail profit of more than £534
million.


2.      RONA is one of Canada's leading distributors and retailers in hardware,
home improvement and gardening products.  RONA operates a network of some 527
franchised, affiliated and corporate stores of various sizes and formats.  Some
16,000 employees in all regions of Canada work under the various banners.  The
RONA network represents almost 10 million square feet and annual retail sales
approaching C$3 billion.

Broker and Institutional Enquiries
Loraine Woodhouse, Head of IR, UK & USA                  [phone]
Frederique Lepelletier, Head of IR, Continental Europe   [phone]

Media Enquiries
Jonathan Miller, Head of Corporate Comms, UK             [phone]
Graham Fairbank, Head of Corporate Comms, France         [phone]

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


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