Further re Requisitioned General Meeting

02 December 2015

Findel plc ("Findel")

General Meeting Requisitioned by Sports Direct International (SDI)

Update Regarding Irrevocable Undertakings

Findel plc, the UK Home Shopping and Education businesses, announces that it has received an irrevocable undertaking from River & Mercantile Asset Management LLP to vote against the resolution proposed by Sports Direct International to appoint Mr Gardener to the Findel board of directors (as set out in the Circular to Shareholders published by Findel on 27 November 2015). The undertaking is in respect of 4,941,767 shares representing approximately 5.72% of Findel's issued ordinary share capital, which, taken together with the irrevocable undertakings previously received from Tosca Asset Management and from Schroders (as set out in the Circular to Shareholders), amount to 37,966,947 shares (approximately 43.92 % of Findel's issued ordinary share capital) in respect of which there are irrevocable commitments in place to vote against the proposed resolution.

A full copy of the circular to shareholders is posted on the company's website at www.findel.co.uk

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Enquiries

Findel plc 0161 303 3465

David Sugden, Executive Chairman

Tulchan Communications 020 7353 4200

Stephen Malthouse

Will Smith

Notes to Editors

The Findel Group contains market leading businesses in the UK home shopping and education supplies markets. It is primarily a retailer and distributor, handling and supplying specialist products manufactured by third parties.

The group's continuing activities are focused in two main operating segments, together with a small overseas sourcing operation:

· Express Gifts - one of the largest direct mail order businesses in the UK; and

· Findel Education - the largest listed independent supplier of resources and equipment (excluding information technology and publishing) to schools in the UK.