Issue of Debt

RNS Number:3827J
Marks & Spencer Group PLC
06 December 2007


Issued:  6 December 2007

On 6 December 2007, Marks and Spencer Group plc (the "Group" or "M&S")
successfully launched and priced #250 million of notes issued by Marks and
Spencer plc (the "Notes").

The 30 year Notes, maturing on 13 December 2037, have embedded put and call
options exercisable at year 5, and pay an annual coupon of 6.875 per cent for
the first 5 years. If called, the credit spread of the Notes will be reset and
the Notes will remain outstanding at an annual rate of 4.54 per cent plus the
reset credit spread until the final maturity. If put in year 5 then M&S will
repay the Notes at par to the investors at this time.

It is expected that the net proceeds of the offering will be used to facilitate
the funding, in part, of the Group's market share buy-back programme announced
at its interim results on 6 November 2007.

The offering is expected to close on 13 December 2007.

The structure of these Notes enables M&S to benefit from a reduced cost of
funds, with the annual interest cost to M&S for the period to 13 December 2012,
being 6.125 per cent.



For further information, please contact:



Corporate PR            Marks & Spencer      020 8718 1919

Investor Relations     Marks & Spencer      020 8718 3604


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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