WLW Woolworths

RNS Number:8876I
Takeover Panel
22 February 2005

                                                                         2005/13

                              WOOLWORTHS GROUP PLC

                                 ("WOOLWORTHS")

                          APAX PARTNERS WORLDWIDE LLP

                                    ("APAX")



Following recent representations made by the advisers to Woolworths, the Panel
Executive has been considering the application of Rule 2.4(b) of the Code to the
approach by Apax to Woolworths.  Following discussions with both parties'
advisers, the Panel Executive has ruled that Apax must, by 12 noon on Monday, 21
March, either announce a firm intention to make an offer for Woolworths under
Rule 2.5 of the Code or announce that it does not intend to make an offer for
Woolworths.  No extension to this deadline will be granted, except with the
consent of the Panel Executive.  In the event that Apax announces that it will
not proceed with an offer for Woolworths, Apax and any person acting in concert
with it will, except with the consent of the Panel Executive, be bound by the
restrictions contained in Rule 2.8 of the Code for six months from the date of
such announcement.



Each of the parties has accepted this ruling.

22 February 2005


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