WLW Woolworths

RNS Number:9618J
Woolworths Group PLC
18 March 2005

Woolworths Group plc



The Board of Directors of Woolworths Group plc ("Woolworths") announces that,
following discussions and the exchange of certain preliminary information, it
has received a proposal from Apax Partners Worldwide LLP ("Apax") for funds
advised by Apax to acquire all of the issued and to be issued share capital of
Woolworths for 58.2p per share in cash, including rights to any future
dividends. This proposal is subject, inter alia, to due diligence and final
financing arrangements. The Royal Bank of Scotland have expressed their
confidence in providing a debt package to support Apax's offer. Accordingly, the
Board of Directors has agreed that Apax can undertake due diligence with the
intention that any formal offer, if made, would be made by no later than 6 May,
as set out in the announcement today made by the Panel on Takeovers and Mergers.



There can be no certainty that a firm offer will be made. A further announcement
will be made in due course.


This announcement has been made with the consent of Apax.

Enquiries:
Andrew Grant, Tulchan Group 020 7353 4200
Kate Inverarity, Tulchan Group 020 7353 4200




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