M&S Money Reduces Loan Rate

CHESTER, England, July 14, 2011 -

M&S Money is reducing the rate on its personal loans from
6.9% APR to 6.7% APR (representative). The offer applies to
personal loans between £7,500 and £15,000.

M&S loans are available between £1,000 and £25,000 with
flexible repayment terms over 12 to 84 months. Customers have the
option of making no repayments for the first three months, subject
to lending criteria.

Colin Kersley, M&S Money Chief Executive, said: “We are
pleased to offer a reduced rate on M&S href="money.marksandspencer.com/loans/personal-loans/overview/">
Personal Loans. The latest offer of 6.7% follows other
competitive loan rates we have launched this year. The reduced rate
also applies to M&S Car Buying Plan which allows customers to
defer a fixed percentage of their loan.”

M&S Car Buying Plan allows customers to defer a fixed
percentage of their href="money.marksandspencer.com/loans/car-buying-plan/overview/">
car buying loan, giving them the following options at the end
of the term:

- Keep the car and carry on making monthly payments until the
whole of the loan is repaid

- Keep the car and pay off the remainder of the loan with a lump
sum

- Sell the car and use the money to pay off the remainder of the
loan

When borrowing with an M&S Personal Loan, customers are
reminded that they should consider their ability to maintain the
monthly repayments. Customers can view more information on the
M&S Money website, with further information available via our
customer services teams over the phone.

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 href="money.marksandspencer.com/cards/credit-card/overview/">
credit card provider and the second-largest href="money.marksandspencer.com/travel/travel-money/overview/">
travel money retailer in the UK.  M&S Money also
offers a range of insurance cover, including href="money.marksandspencer.com/insurance/home-insurance/overview/">
home insurance and href="money.marksandspencer.com/insurance/car-insurance/overview/">
car insurance, as well as loans, savings and investment
products.

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. HSBC is marketed worldwide as ‘the world’s local
bank’.

M&S Money has an executive committee comprising an equal
number of representatives from HSBC and Marks & Spencer.

PR Contact:
Liz Neild
Kings Meadow
Chester Business Park
Chester
CH99 9FB
+44(0)1244-686-068
money.marksandspencer.com

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