Completed acquisition with Mistergooddeal.com

1 April 2014

Darty France has completed the acquisition of leading French website, Mistergooddeal.com

Further to the announcement of 18 December 2013, Darty plc (the "Group") today confirms that through its subsidiary Etablissements Darty et Fils ("Darty France") it has completed the acquisition from M6 Group of 100 per cent of the share capital of Mistergooddeal.com, one of France's leading websites.

The purchase price of €2 million (subject to normal post-completion adjustments), will be paid in two installments in June and December 2014. As at 31 December 2013, Mistergooddeal's cash position was €5.2 million and equity €10.4 million(company's data).

Régis Schultz, Chief Executive, commented:

"The acquisition of Mistergooddeal.com provides us with a well known brand and a very good team. The acquisition enables us to address those customers not requiring the full Darty free service offer and the price entry end of the market. 

"Darty's existing service infrastructure will be used to offer Mistergooddeal.com customers additional services on a pay as you go basis. This, together with Darty's superior buying terms and supply chain, is expected to create a profitable channel by year two of ownership."

Enquiries

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About Darty plc

Darty group is a leading multi-channel, service led, electrical retailer operating over 400 stores in six European countries and achieving over 13 per cent of its product sales on the web. It generated annual revenue of over €3.5 billion in 2012/13 through operations in Darty France, Vanden Borre in Belgium, BCC in the Netherlands, Datart in the Czech Republic and Slovakia and Darty Turkey. Its ordinary shares are listed with the UK Listing Authority and trade on the market for listed securities on the London Stock Exchange under the symbol DRTY.L. It is also listed on the NYSE Euronext Paris.

About Mistergoodeal.com

Mistergooddeal.com is a leading French web site, predominantly selling white goods plus multimedia, furniture and leisure products. Formed in 2000, it now employs around 170 people and attracts 2 to 4 million unique visitors per month, offering over 10,000 products from a 22,000 sqm warehouse. For its last full financial year to 31 December 2013 Mistergooddeal's revenue was €121.2 million, EBITDA €(3.9) million and gross assets €40.9 million (company's data).

For further information, please visit the group's website, www.dartygroup.com.

Certain statements made in this announcement are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, Darty plc does not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future developments or otherwise.