Offer Update

Kingfisher PLC
22 May 2003


KINGFISHER COMPLETES 100% ACQUISITION OF CASTORAMA

Kingisher notes that the following announcement has been issued by the Conseil
des Marches Financiers in Paris, concerning the acquisition by Kingfisher of the
final minority shares in Castorama.  As a result, Kingfisher now owns 100% of
the issued share capital of Castorama.

'Goldman Sachs International has notified the Conseil des Marches Financiers
('CMF') that, as a result of the public buyout offer and compulsory buyout offer
for the shares of Castorama Dubois Investments ('Castorama'), that was opened on
8 May and closed on 21 May 2003, Kingfisher plc has acquired in the market
185,382 Castorama shares at the unit price of 67 euros.

Following the close of the public buyout offer, Kingfisher plc holds directly
and indirectly 158,951,894 Castorama shares, representing 99,57% of the issued
share capital and 99,77% of the voting rights of Castorama.

As stated in its notice number 2003-1326  issued by Euronext Paris SA on 7 May
2003, Castorama shares are to be delisted from the Premier marche on 22 May
2003.  This is the date on which, in accordance with the provisions of articles
5-7-1 and 5-7-3 of the General Regulation of the CMF, number 98-25, dated 18
November 1998, all remaining Castorama shares that have not been tendered to the
public buyout offer by the minority shareholders are transferred to Kingfisher
plc.'




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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