Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 Next plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

X

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

FMR LLC

4. Full name of shareholder(s) (if different from 3.):

See attached schedule.

5. Date of the transaction and date on which the threshold is crossed or reached:

25 May 2012

6. Date on which issuer notified:

28 May 2012

7. Threshold(s) that is/are crossed or reached:

14%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Indirect

Direct

Indirect

Direct

Indirect

GB0032089863

23,218,544

23,218,544

23,217,644

23,217,644

14.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

23,217,644

14.01%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Brown Brothers Harriman and Co - 16,818,800 PGATC-PYRAMIS GLOBAL ADVISORS TRUST COMPANY

CIBC Mellon Trust (C) - 15,900 PGALLC-PYRAMIS GLOBAL ADVISORS, LLC

JP Morgan Chase Bank - 4,712,144 PGATC-PYRAMIS GLOBAL ADVISORS TRUST COMPANY

Mellon Bank NA (C) - 27,500 PGATC-PYRAMIS GLOBAL ADVISORS TRUST COMPANY

National Bank Trust (C) - 8,000 PGALLC-PYRAMIS GLOBAL ADVISORS, LLC

Northern Trust Co (C) - 26,700 PGATCH-PYRAMIS GLOBAL ADVISORS TRUST COMPANY

Royal Trust-Toronto (C) - 26,100 PGALLC-PYRAMIS GLOBAL ADVISORS, LLC

State Street Bank and TR Co - 1,575,800 PGATCH-PYRAMIS GLOBAL ADVISORS TRUST COMPANY

US Bank NA (C) - 6,700 FIIS-FIIS - FIDELITY INVESTMENTS INSTITUTIONAL SERVICES CO, INC

Grand Total 23,217,644

Proxy Voting:

10. Name of the proxy holder:

 FMR LLC

11. Number of voting rights proxy holder will acquire:

900

12. Date on which proxy holder will acquire voting rights:

25 May 2012

13. Additional information:

Decrease of voting rights to 165,676,864

14. Contact name:

Nina Collomosse

15. Contact telephone number:

[email protected]

01737 837092