Darty Spain

4 April 2013

Darty Spain

Darty plc today announces that in line with the objectives of its recent strategic review and having considered a range of options, it has begun a managed closure of its loss making operations in Spain.

Alan Parker, Chairman of Darty plc said:

"In Spain we have been growing market share and building our service credentials but we remain sub-scale. Significantly improving our position would be a long and potentially expensive journey with no guarantee of success in what we expect to remain a very difficult market.

"Extensive consideration was given to the possible options for the business in Spain. Following a thorough process, the Board has concluded that a managed closure provides the most certain outcome. This decision, and the recent completion of the disposal of Darty Italy, represent significant progress against the plans we outlined in our strategic review announced in December.

"The Board is committed to restoring shareholder value by increasing profitability in our core businesses from our market leadership, developing future growth initiatives, improving efficiencies in the cost base and eliminating the losses in our non-core markets."

About Darty Spain

For the year ended 30 April 2012 Darty Spain's revenue was €119.2 million and its retail loss was €15.6 million. Total retail losses since acquisition in 2007 to 30 April 2012 were €78 million. The expected retail loss for the year to 30 April 2013 is around €16 million on revenue of approximately €120 million. Darty Spain trades from 43 stores and has 650 employees. The stores are expected to cease trading in June and the managed closure is expected to cost a total of around €30 million. This will be a cash cost which will be incurred in the year to 30 April 2014. In addition there will be around €10 million of non-cash fixed asset write-offs.

The Group will issue a year end trading statement on Tuesday 21 May and its Full Year Results on Wednesday 19 June 2013.

Enquiries

Analysts

Darty plc

Simon Ward +44 (0) 20 7269 1400

Media

France

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Anne-France Malrieu +33 1 53 70 74 66/+33 6 89 87 61 18

Caroline Simon +33 1 53 70 74 65/+33 6 89 87 61 24

About Darty plc

Darty group is a leading cross channel service led electrical retailer operating over 450 stores in eight European countries and achieving 11 per cent of its products sales on the web. It generated an annual turnover of nearly €4 billion in 2011/12 through three operating segments: Darty (France), Other established businesses (which consists of Vanden Borre in Belgium, BCC in the Netherlands, and Datart in the Czech Republic and Slovakia), and Developing businesses (which consist of Darty Spain 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 Premier Marche of the Paris Stock Exchange.

For further information, please visit the company'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.