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Statement regarding J Sainsbury plc (“Sainsbury”)

Marks and Spencer

28 February 2007

In response to recent speculation, the Board of Marks and Spencer Group plc (“Marksand Spencer”) confirms that it has been considering its position in relation to a possiblecombination with Sainsbury. Further to this, the Board has decided that it does notintend to make an offer for Sainsbury at this time.
For the purposes of Rule 2.8 and other relevant provisions of The City Code onTakeovers and Mergers ("City Code"), Marks and Spencer reserves the right toannounce an offer or possible offer or make or participate in an offer or possible offerfor Sainsbury and/or take any other action which would otherwise be restricted underRule 2.8 of the City Code within the next six months, in the event that:
(i) an agreement or recommendation from the board of Sainsbury is forthcoming; or(ii) there is an announcement by CVC, KKR and Blackstone of a firm intention to makean offer or there is an announcement by any other third party of a possible offer or afirm intention to make an offer for Sainsbury or Sainsbury announces that it hasreceived an approach in relation to a possible offer from any other third party; or(iii) Sainsbury announces a "whitewash" proposal for the purposes of Rule 9 of the CityCode or a reverse takeover; or(iv) there is a material change in circumstances.
Contacts:
Investor Relations:Amanda Mellor +44 (0)20 8718 3604; +44 (0)7747461241Madja Rainer +44 (0)20 8718 1563
Corporate Press Office:Bella Vuillermoz: +44 (0)20 8718 1967; +44 (0)7919 057566Olivia Ross: +44 (0)20 8718 1618; +44 (0)7795 968641Press Office: +44 (0)20 8718 1919Out of Hours: +44 (0)20 8718 2000Kirstie Hamilton, Tulchan: +44 (0)7770 536 202
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