Capital Reorganisation

Marshalls PLC 16 July 2004 16 July 2004 MARSHALLS PLC REDEMPTION OF B SHARES By 3.00 p.m. on 15 July 2004, valid Forms of Election in respect of 11,876,624 B shares, representing approximately 7.1 per cent of the B shares in issue, had been received and not revoked in respect of the deferred redemption choice. Accordingly, 155,665,695 B shares, representing approximately 92.9 per cent of the B shares in issue, will be redeemed at 45 pence per B share today, 16 July 2004. Shareholders choosing to have their B shares redeemed immediately will be sent monies due by 21 July 2004. Following this redemption, 11,876,624 B shares will remain in issue. The next redemption date will be 31 December 2004. Enquiries: Ian Burrell, Company Secretary, Marshalls plc Tel: 01484 438900 - END - This information is provided by RNS The company news service from the London Stock Exchange