Transaction in Own Shares

24 January 2014

Next plc

Close Period Share Repurchase Programme

Next plc announces that it has lodged an irrevocable, non-discretionary instruction to purchase its own shares for cancellation during its close period. This may or may not result in Next plc shares being purchased but in any event the maximum amount of shares acquired will not exceed 1,000,000 (one million) shares. The first day of any purchases will be Monday, 27 January 2014 and the last day will be Friday, 14 March 2014. The Company's results for the year ending January 2014 will be released on Thursday, 20 March 2014.

Any shares purchased will be effected within certain pre-set parameters, and in accordance with both Next's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase.