Update re Proposed Company Voluntary Arrangements

25 February 2011

JJB Sports plc

Update re Proposed Company Voluntary Arrangements

Further to the announcement by JJB Sports plc ("JJB" or the "Company") on 11 February 2011 of the key details of the proposed restructuring of its property portfolio through the CVA proposals, the Company is pleased to confirm that it has delivered a final draft of its revised business plan to Bank of Scotland ("BoS"). The Company will announce further details of the revised business plan in due course following completion of the independent review of the plan and its funding requirements by advisers.

Full details of the CVA proposals (including details of creditor and shareholder meetings) will be set out in the CVA proposal document that the Company intends to despatch to unsecured creditors and shareholders by no later than 4 March 2011. The Company has maintained its open and constructive dialogue with key creditors. To date, JJB has actively engaged with landlords accounting for 47% of the Company's annual rental payments regarding the future shape of the Group's property portfolio.

Commenting on the restructuring, Mike McTighe, JJB Chairman said: "We are delighted to have achieved two further milestones this week - successful completion of the first capital raising and delivery of our revised business plan to BoS. With publication of our CVA document scheduled for next week, the Board and management team continue to work extremely hard to rebuild JJB. With the continued support of all the Company's stakeholders, we remain confident that we can deliver a successful turnaround."

Enquiries:

JJB 01942 221 400

Mike McTighe

Keith Jones

Maitland 020 7379 5151

Neil Bennett

Richard Farnsworth

Notes to editors

About JJB Sports

JJB Sports plc (JJB: LSE) is one of the UK's leading sports retailers. The Group, headquartered in Wigan and listed on the Main Market of the London Stock Exchange, trades from 247 JJB branded retail stores in the UK and Ireland and employs over 6,300 people. Further information about the Group can be found on the Group's corporate website, www.jjbcorporate.co.uk.