Rule 8 - Marks & Spencer PLC

RNS Number:3273Z
BNP Paribas London
2 June 2004


                                  Date of Disclosure     2ND JUNE 2004

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing     1ST JUNE 2004

Dealing in    MARKS AND SPENCER PLC   (name of company)

1)  Class of securities (eg ordinary shares)   ORDINARY

2)  Amount bought      Amount sold      Price per unit


       100,000                              360.5000
       394,938                              364.1175
             4                              364.7500
           439                              364.7790
        20,000                              365.0000
         1,438                              366.5000
        42,652                              366.7500
                            1,658           365.5934
                          400,000           365.7041
                              440           366.2343
                              141           366.5000
                           90,000           366.7222
                           78,679           367.4493 


3)  Resultant total of the same class owned or controlled 
    (and percentage of class)  45,133,703       (1.992%)

* PREVIOUS TRANSACTIONS REQUIRING DISCLOSURE DETAIL BELOW


4) Party making disclosure   BNP PARIBAS


5)  EITHER (a) Name of purchaser/vendor (Note 1)  BNP PARIBAS ARBITRAGE PARIS  
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation

6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                           NO
                    (ii) offeree company                            NO

Specify which category or categories of associate (1-8 overleaf) 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)   ETHNA HORIGAN

Telephone and extension number   7595 3659


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

Note 7.  The resultant total percentage holding of the class of relevant
         security is to be calculated by reference to the percentage held and 
         in issue outside treasury.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Monitoring Section, Tel. No:
020 7638 0129. Email: [e-mail]



*  DATE          PURCHASE     PRICE     SALES     RESULTANT TOTAL OF THE SAME
                                                  CLASS OWNED OR CONTROLLED
                                                  (AND PERCENTAGE OF CLASS)


27 MAY 2004        228,491     2.95
                   127,686     3.39
                    68,988     3.40
                    11,300     3.45
                   287,132     3.52
                               2.90     40,455
                               2.93     62,596
                               3.00      1,668
                               3.09     72,189
                               3.58      8,000        44,977,756 (1.961%)


28 MAY 2004        500,000     3.53
                       566     3.57
                   166,757     3.59
                    14,827     3.60
                               3.53         746
                               3.55      72,719
                               3.60     216,291
                               3.65     225,000        45,145,150 (1.992%)
  





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