Disposal

RNS Number:7871P
Kingfisher PLC
15 September 2003

Monday 15 September 2003

        Kingfisher sells non-core NOMI business in Poland for #7 Million

Kingfisher plc announced today that it is selling its non-core, small store
format Polish DIY businesses, NOMI, to a fund managed by Enterprise Investors, a
leading private equity fund manager in Central and Eastern Europe. Enterprise
Investors will pay a total consideration of PLN 45 million (c.#7m), net proceeds
will be used to reduce group debt. Completion is subject to Polish regulatory
and competition authority clearance, which is expected within two months.

NOMI operates 39 stores in Poland that generated a turnover of #76.4m in the
financial year ended 1 February 2003 and employs around 1,800 people. The value
of NOMI's net assets is #31.5m and the write-off on disposal is expected to be
#25m. The effect of this transaction is expected to be earnings neutral.

Kingfisher will continue to operate and expand its successful Castorama large
format stores, Poland's number one home improvement brand.

Commenting on the sale Gerry Murphy, Chief Executive Officer said "Consistent
with our stated intention to focus our international investment on our major
brands, the sale of NOMI allows us to concentrate our development in Poland on
our highly successful Castorama business".

ENQUIRIES

Ian Harding            Director of Communications           [phone]
Loraine Woodhouse      Head of Investor Relations           [phone]

Kingfisher plc         www.kingfisher.com                   [phone]

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