Revolving Credit Facility Signed

PR no: 30/12

FOR IMMEDIATE RELEASE, 25 May 2012

DIXONS RETAIL PLC

revolving credit facility signed

Dixons Retail plc, Europe's leading specialist electrical retailer and services company, today announces that it has agreed a £300 million Revolving Credit Facility with its syndicate of lending banks. The agreement effectively extends the Groups current facility, which was due to mature next year, until 30 June 2015.

In line with the Group's expected requirements and objectives, the facility will reduce in size over its life to £200 million by September 2014. This facility provides the appropriate level of committed financing for the Group's needs and the financial covenants have been slightly relaxed, reflecting the Group's improving cash generation.

The Group remains on track to redeem its £160 million 6.125% Bonds due 15 November 2012.

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For further information

David Lloyd-Seed, IR & Corporate Affairs Director, Dixons Retail 01727 205065

Ian Ladd, Group Treasurer, Dixons Retail 01727 204526

Mark Webb, Head of Media Relations, Dixons Retail 01727 205019

Tom Burns, Nick Cosgrove Brunswick 020 7404 5959