M&S Money Increases 0% Purchase Offer to 15 Months

LONDON, March 4, 2011 - M&S Money has announced it has introduced a new offer of 0% on all
purchases with the M&S credit card for 15 months from account opening for new
customers.

The M&S personal credit card (
money.marksandspencer.com/cards/credit-card/overview/) offers a number
of features to its customers including 15.9% APR representative variable and
the chance to earn M&S points every time customers shop with the card, with
regular bonus offers of extra points on purchases at M&S.

It also offers customers M&S travel money purchases on the M&S credit
card with no cash advance fee and 55 days interest free credit.

M&S Credit Card holders can also join the exclusive M&S Premium Club for
GBP15 a month for an initial 12 month period. Membership benefits include
triple loyalty points on the M&S Credit Card for all shopping at M&S,
in-store and online, hot drinks vouchers at M&S Cafés as well as worldwide
multi-trip family travel insurance, which includes cover for winter sports
and independent travel.

Colin Kersley, M&S Money chief executive, said: "The card not only has a
competitive APR but also 15 months at 0% interest on shopping, making it one
of the most attractive credit cards in the market.

"Customers can also join M&S Premium Club, which offers an exclusive
range of benefits selected with M&S shoppers in mind."

About M&S Money:

M&S Money (the trading name of Marks & Spencer Financial Services) was
founded in 1985 as the financial services division of Marks and Spencer Group
plc.

The company is a top ten credit card provider and the second largest
travel money retailer in the UK. M&S Money also offers a range of insurance
cover, including home insurance and car insurance, as well as loans, savings
and investment products.

M&S Money customers can receive credit card security (
money.marksandspencer.com/cards/card-security/) help including payment
protection (
money.marksandspencer.com/cards/credit-card/payment-protection-insurance/)
and card safe fraud protection. (
money.marksandspencer.com/cards/credit-card/card-safe-insurance/)

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In November 2004, Marks & Spencer sold M&S Money to HSBC. HSBC Holdings
plc, the parent company of the HSBC Group, is headquartered in London. The
Group serves customers worldwide from around 8,000 offices in 87 countries
and territories in Europe, the Asia-Pacific region, North America, Latin
America and the Middle East. With assets of US$2,418 billion at 30 June 2010,
HSBC is one of the world's largest banking and financial services
organisations.

    PR Contact:

    Liz Neild
    Media Relations Manager
    M&S Money
    8 Canada Square
    Canary Wharf
    London
    E14 5HQ
    +44(0)1244-686-068
    money.marksandspencer.com

PR Contact: Liz Neild, Media Relations Manager, M&S Money, 8 Canada Square, Canary Wharf, London, E14 5HQ, +44(0)1244-686-068, money.marksandspencer.com