Substantial shareholding and PDMR shareholding

NEX Group plc (the Company)

Notification of major interest in shares and person discharging managerial responsibility (PDMR) shareholding

On 2 February 2017, the Company was notified that the following persons closely associated with Michael Spencer had acquired shares in NEX Group plc:

- INCAP Overseas BV 529,286 ordinary shares acquired on 1 February 2017 (at a purchase price of £5.704858 per share) as a result of their participation in a dividend reinvestment plan; and

- INCAP Finance BV 692,058 ordinary shares acquired on 1 February 2017 (at a purchase price of £5.704858 per share) as a result of their participation in a dividend reinvestment plan.

Following the above share acquisitions, the parties below have the following interests in NEX Group plc shares:

- Michael Spencer 3,729,600 ordinary shares (this includes shares held in the NEX Group Employee Share Trust) and 57,142 ordinary shares via a contract for difference;

- Mrs Sarah Spencer 53,000 ordinary shares;

- IPGL Limited 384,187 ordinary shares and 199,999 ordinary shares via a contract for difference;

- INCAP Finance BV 34,874,663 ordinary shares (9.182%); and

- INCAP Overseas BV 26,672,143 ordinary shares (7.024%).

These transactions have taken INCAP Overseas BV's interest in NEX Group plc shares across the 7% threshold to 7.024% (previously 6.884%) and the combined shareholding of INCAP Finance BV and its wholly owned subsidiary, INCAP Overseas BV, crossed the 16% threshold to 16.208% (previously 15.886%).

Michael Spencer owns a majority shareholding in IPGL (Holdings) Limited and is deemed to be interested in all the shares in NEX Group plc held by IPGL Limited, INCAP Finance BV and INCAP Overseas BV, which are wholly owned subsidiaries of IPGL (Holdings) Limited. 

Michael Spencer has a total interest in 65,970,734 NEX Group plc shares, 17.37% based on total voting rights of 379,735,432 (prior to this transaction is was 17.05%).

NEX Group plc

3 February 2017

Contact:

Victoria Mellor Group Head of Marketing and Communications Tel: +44 20 7029 9074

Alex Dee Head of Investor Relations Tel: + 44 20 7050 7420