Marks & Spencer Group PLC — Capital/Financing Update 2012

Dec 4, 2012

0015917-0000071 ICM:16208525.1

Marks and Spencer plc

(Incorporated with limited liability in England and Wales with registered number 214436)

(the Issuer)

NOTICE

to the holders of the

£250,000,000 Putable Callable Reset

Notes due 2037 of the Issuer

presently outstanding

(the Noteholders and the Notes respectively)

ISIN: XS0335844402 Common code: 033584440

NOTICE IS HEREBY GIVEN to the holders of the above Notes that, the Assignable Call Option Holder as defined in the Notes is now The Royal Bank of Scotland plc with effect on and from 4 December 2012.

This Notice is given by

Marks and Spencer plc

Waterside House

35 North Wharf Road

London W2 1NW

Dated 4 December 2012