The Very Group (the “Group”), which operates online retail brands Very and Littlewoods, notes the recent press speculation regarding a potential initial public offering of the Group.

The Group continues to review its strategic options, including an initial public offering. No final decision has been made at this time. The Group will further update the market as required.

Ends

Contact information

Media relations

Dave Lafferty (The Very Group)

dave.lafferty@theverygroup.com

07552 283 266

Eilis Murphy (Brunswick)

emurphy@brunswickgroup.com

020 7404 5959

Investor relations

Ed Fry (The Very Group)

Edward.fry@theverygroup.com

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Cautionary Statements

This announcement and the information contained herein is for information purposes only and does not contain or constitute or form part of, and should not be construed as, an offer or invitation to sell, or the solicitation of an offer to buy or subscribe for, securities in Australia, Canada or Japan or in any jurisdiction in which such offer or solicitation would be unlawful and is not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdictions.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America, its territories and possessions, any State of the United States of America, or the District of Columbia (the “United States”). This announcement is not an offer of securities for sale into, and no public offering of securities is being made in, the United States or any other jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

Forward-looking Statements

This announcement contains certain forward-looking statements with respect to certain of the Group’s current expectations and projections about future events. These statements, which sometimes use words such as “intend,” “proposed,” “plan,” “expect,” and words of similar meaning, reflect the Group’s beliefs and expectations and involve a number of risks, uncertainties and assumptions (including the completion of the transactions described in this announcement) that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law, no member of the Group assumes any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement.