Press release:
Kingfisher increases its holding in Castorama Dubois Investissements to 99.40% of the issued share capital

15 November 2002

15 November 2002

Kingfisher increases its holding in Castorama Dubois Investissements to 99.40% of the issued share capital

Kingfisher notes the results of its re-opened public offering (the Offer) on the equity and equity-linked securities issued by Castorama Dubois Investissements (CDI), as published by the Conseil des Marchés Financiers (CMF).

A total of 463,409 CDI shares and 2,614 May 1996-2003 convertible bonds were tendered to the re-opened Offer. Kingfisher now holds 99.40% of the issued share capital of CDI (99.19% on a fully diluted basis).

The timetable for settlement of the securities tendered to the Offer will be published by Euronext Paris SA.

Kingfisher now holds, directly or indirectly:

• 158,343,042 CDI shares
• 610,164 May 1996-2003 convertible bonds
• all 6,330 (unlisted) 1998-2003 convertible bonds issued by CDI
• all 4,878 (unlisted) 1999-2004 convertible bonds issued by CDI
• all 3,315 (unlisted) 2000-2005 convertible bonds issued by CDI
• all 4,036 (unlisted) 2001-2006 exchangeable bonds issued by CDI
• 79,945 (unlisted) subscription warrants issued by CDI

-ENDS-

Broker and Institutional Enquiries

Ian Harding, Director of Investor Relations
+44 (0)20 7725 4889

Media Enquiries

Jonathan Miller, Head of Corporate Comms, UK
+44 (0) 20 7725 5713

Media Enquiries, France

Graham Fairbank, Head of Corporate Comms
+33 (0)1 43 18 52 26

The Maitland Consultancy

Duncan Campbell-Smith
+44 (0) 20 7379 5151

Kingfisher plc

+44 (0) 20 7724 7749

Notes To Editors

Kingfisher is Europe’s leading home improvement retailer and is ranked number three in the world. The Company operates more than 590 home improvement stores in 12 countries and enjoys market-leading positions in the UK, France, Poland and Taiwan. Sales for the Home Improvement sector for the year to 2 February 2002 were more than £5.8 billion, with retail profit in excess of £430 million.

Kingfisher’s Electrical & Furniture business operates more than 830 stores in nine countries. It is Europe’s third largest electricals retailing business by sales and number two by retail profit. As well as holding the leading position in France and the number two position in the UK, Kingfisher also enjoys leading positions in Belgium and in the Czech and Slovak Republics. Sales for the year to 2 February 2002 were more than £3.7 billion, with retail profit of £184 million.