AGREEMENT TO DISPOSE OF EQUANET

 7 March 2013

DIXONS RETAIL PLC

Agreement to dispose of equanet

Dixons Retail plc, ("Dixons Retail" or "the Company"), Europe's leading specialist multi-channel electrical retailer and services company, today announces that it has entered into an agreement to dispose of its Equanet operations to Kelway, the London based IT solutions and services provider. The disposal comprises the IT reseller activities based in Bury along with the Equanet brand name. Dixons Retail will continue to operate its successful PCWorld Business B2B offer online and in stores. The transaction is expected to complete later this month.

Sebastian James, Chief Executive of Dixons Retail commented: "The agreement to dispose of Equanet demonstrates further progress in refocusing our business on leadership positions in key markets and territories whilst at the same time, giving Equanet the opportunity to flourish in the specialist B2B market under the ownership of Kelway."

Phil Doye, Chief Executive Officer of Kelway commented: "By adding the Equanet business to Kelway we are further strengthening our differentiated customer proposition. This acquisition reinforces our growth trajectory, which sees Kelway accelerating towards the landmark of becoming a UK Technology Company with half a billion pounds of turnover."

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For further information

David Lloyd-Seed, IR, PR & Corporate Affairs Director, Dixons Retail 01727 205065

Mark Webb, Head of Media Relations, Dixons Retail 01727 205019

Tom Burns, Nick Cosgrove Brunswick 020 7404 5959

Information on Dixons Retail plc is available at http://www.dixonsretail.com