Statement re Apax proposal

RNS Number:3738I
Woolworths Group PLC
08 February 2005



                              WOOLWORTHS GROUP PLC

                   Response to indicative proposal from Apax


The Board of Woolworths has received an indicative proposal from Apax Partners
Europe Managers Ltd to make an Offer for the Company in the range of 50-55p per
share.  This indicative proposal is subject to a number of pre-conditions
including access to the Company's financial and trading information.



The Board, with its advisers, has considered this indicative proposal carefully.
It has concluded that the range indicated does not provide acceptable value or
certainty to justify entering into detailed discussions with Apax.





                                    - Ends -





For further information contact:-



Andrew Grant, Tulchan Group   +44 (0)20 7353 4200







Each of UBS Limited, Credit Suisse First Boston (Europe) Limited and Cazenove &
Co Ltd, which are authorised and regulated by the Financial Services Authority
in the United Kingdom, are acting for Woolworths Group plc and no one else in
relation to the approach by Apax and will not be responsible to anyone other
than Woolworths Group plc for providing the protections afforded to their
clients, nor for providing advice in relation to the approach by Apax.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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