WLW Woolworths

    RNS Number : 9519I
  Woolworths Group PLC
  26 November 2008
   

    26 November 2008



    Woolworths Group plc



    Further to the announcement of 19 November 2008, the Board of Woolworths Group plc confirms that it remains in discussions relating to
the potential sale of its retail business.  

    The Board also notes recent press speculation in relation to the possible sale of its 40% interest in the 2 Entertain joint venture with
BBC Worldwide.  The Board can confirm that it is in discussions regarding a possible sale of that interest to BBC Worldwide. 

    Whilst discussions in relation to such sales are being pursued with vigour, terms have not yet been agreed.  Both sales are subject,
amongst other things, to the approval of the Group's lending banks. Accordingly, there can be no assurance that a sale of the Group's retail
business or of its interest in 2 Entertain will be concluded.

    Pending the outcome of these discussions and the consequent impact on the Company's financial position, the Company has requested a
suspension of the trading of its shares on the London Stock Exchange.

    A further announcement will be made in due course.



    Enquiries:    Susanna Voyle, Tulchan Communications    020 7353 4200


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