Thursday 3rd August 2006 M&S MONEY INCREASES CASH ISA INTEREST RATE Immediate response to Bank of England base rate change thanks to M&S Cash ISA Guarantee M&S Money is increasing its Cash ISA rate from 4.50% to 4.75% AER/tax-free* with effect from tomorrow, Friday 4th August 2006, following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate by 0.25%. The rate increase will apply to the M&S Mini Cash ISA, Tessa Only ISA and the cash component of the M&S Maxi ISA. Customers benefit immediately when base rate changes as M&S has guaranteed their interest rate to be at least equal to Bank of England base rate until 31st December 2007. Eddie Nott, deputy Chief Executive of M&S Money, said; “We are delighted to pass on the base rate increase to our customers without any delay. This is thanks to our interest rate guarantee which is the longest we have offered on our Cash ISAs.” Customers can apply for the M&S Mini Cash ISA, MAXI Cash ISA and Tessa Only ISA via the internet at www.marksandspencer.com/minicashisa, by calling M&S Money free on 0800 028 2824. ENDS For further information please call the Marks & Spencer Money press office: James Thorpe on 020 7992 1433 Liz Neild on 01244 686 068 firstname.lastname@example.org email@example.com Rob Skinner on 020 7992 1571 firstname.lastname@example.org Note to Editors: * AER is the Annual Equivalent Rate and illustrates what the rate of interest would be if interest is paid and compounded once a year. Tax-free means the rate of interest where interest is exempt from income tax. Rate correct as at Thursday ….. August and subject to variation. Interest added annually. We guarantee to maintain the interest rate on the M&S Mini Cash ISA at a rate at least equal to Bank of England base rate until 31st December 2007. Upward changes in interest rate will be made within 5 working days of a change in the Bank of England Base Rate.