J Sainsbury PlcLSE: SBRY

Response to press speculation

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Sainsbury(J) PLC
17 November 2020
 

17 November 2020

J Sainsbury plc

Response to press speculation

We note recent media speculation regarding a possible sale of Sainsbury's Bank. We set out a clear five year plan for Sainsbury's Bank at our Capital Markets Day in September 2019 and confirmed this plan as part of our Interim results and strategy update on 5th November 2020. We are on track to deliver that plan despite the impact of COVID-19 and expect to deliver a profit in the second half of this financial year. We have received some very preliminary expressions of interest in the Bank, but this does not mean anything will come of these discussions. Our management team remains focused on delivering the plan.

Enquiries

Investor Relations: James Collins +44 (0) 7801 813 074

Media: Rebecca Reilly +44 (0) 20 7695 7295

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