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 3 December 2018 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

1. Amanda James

2. Jane Shields

2

Reason for the notification

a)

Position/status

1. PDMR - Group Finance Director

2. PDMR - Group Sales and Marketing Director

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:

1. Amanda James - 264 shares

2. Jane Shields - 299 shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Amanda James

£41.12

264

Jane Shields

£41.12

299

d)

Aggregated information

- Aggregated volume

n/a

- Price

n/a

e)

Date of the transaction

3 December 2018

f)

Place of the transaction

Outside a trading venue