Director/PDMR Shareholding

Next plc

Notification of Transactions by Person Discharging Managerial Responsibility and Person Closely Associated With Them

The following notification is made under article 19 of the Market Abuse Regulation. On 7 January 2019 the following share options were exercised by certain directors/ PDMRs under the Next plc 2009 Sharesave Plan.

1

Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")

a)

Name

Lord Simon Wolfson

2

Reason for the notification

a)

Position/status

PDMR - Chief Executive

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Next plc

b)

LEI

213800WQD8ECPZP9PH98

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Sharesave options over ordinary shares of £0.10 each

Identification code

GB0032089863

b)

Nature of the transaction

Exercise of options under the Next plc 2009 Sharesave Plan over the following number of shares:

Lord Simon Wolfson - 364 shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Lord Simon Wolfson

£41.12

364

d)

Aggregated information

- Aggregated volume

364

- Price

£14,967.68

e)

Date of the transaction

7 January 2019

f)

Place of the transaction

Outside a trading venue