Completion of Transaction

2nd December 2013

FOR RELEASE At 7:00AM

DIXONS RETAIL PLC

COMPLETION OF TRANSACTION between UNIEURO AND MARCO POLO IN ITALY

Dixons Retail plc ("Dixons Retail"), Europe's leading specialist multi-channel electrical retailing and services company, today announces that the transaction to form a holding company owning both Unieuro S.p.A ("Unieuro") and Marco Polo has now completed. As announced in October, this deal brings together two leading specialist electrical retailers in Italy, creating a combined portfolio of 173 stores comprising wholly-owned stores and a number of franchise partners.

Commenting on the completion of the transaction, Sebastian James, Dixons Retail Group Chief Executive, said:

"I'm delighted to have completed this deal, ensuring a sustainable future for both businesses. The combined group has an exciting outlook and I know that it will continue to flourish with an improved geographical spread of stores across Italy. For Dixons, this is the second of three important strategic transactions streamlining our Group. By focusing on markets where we have leading multi-channel operations, we will be able to drive even better value for our customers."

Commenting on the transaction, Giancarlo Nicosanti Monterastelli, CEO of Marco Polo said:

"This transaction is the first stage of a long-term plan to create a leading integrated multi-channel retail group in the Italian electrical market and we are confident that we can now offer improved benefits for customers and suppliers. The complementary channel strategy and store portfolios of the two companies will enable the combined group to attract more customers across Italy and achieve long-term growth."

For further information

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

Hannah Collyer, Head of Media Relations, Dixons Retail 01727 203041

Tom Burns, Helen Smith Brunswick 020 7404 5959

Information about Dixons Retail

Dixons Retail is Europe's leading specialist electrical multi-channel retailing and services company, employing 32,000 people in 12 countries. More than 100 million customers shop with us every year, online and in our c.955 stores.

Dixons Retail has built a successful and sustainable multichannel approach to electrical retailing. Focused on the customer, the business offers a comprehensive range of after sales services, including support from Knowhow, the UK's leading provider of technology solutions, support, expertise and repairs. Business-to-business services are provided through PC World in the UK. As market leader in the Nordics, the business enjoys a superb reputation for first class customer service, a cost effective supply chain, strong retail sites across four countries and great supply relationships.

Dixons Retails' brands include Currys, PC World and Knowhow in the UK and Ireland. Customers shop with Elkjøp, El Giganten, Gigantti, Lefdal and Knowhow in the Nordic countries, Kotsovolos in Greece, ElectroWorld in central Europe and Dixons Travel in a number of airports across Europe. Aiming to deliver an unbeatable combination of Value, Choice and Service, the company is proud to stand shoulder-to-shoulder with millions of customers whilst delivering a truly multichannel shopping experience.

For more information about Dixons Retail plc, please visit www.Dixonsretail.com

Follow us on Twitter: @DixonsRetail

Information about Marco Polo

Marco Polo is one of the leading integrated multi-channel specialist electrical retailers in Italy trading from 79 stores as well as through a number of franchise stores. Marco Polo is owned indirectly by funds affiliated with Rhône Capital, the Silvestrini family and management.

Information about Rhône Capital and its affiliates

Rhône, established in 1996, is a global private equity firm with a focus on investments in market leading businesses with a pan-European or transatlantic presence and expansion projects. Rhône has offices in London and New York and currently holds investments in a diversified portfolio of companies, including in the chemicals, consumer products, food, industrial, materials, mining, retail, and shipping industries.