CPR.L Regulatory News (CPR)

LEI: 213800GO32BSNNHXID90

Carpetright plc

("Carpetright" or the "Company")

Related Party Transaction, Publication of Circular and Notice of General Meeting

26 September 2019

Introduction

As announced on 16 September 2019, following the acquisition of the Company's revolving credit facility (the "RCF") by Meditor European Master Fund Limited ("Meditor"), and given Meditor is a related party of the Company for the purposes of the FCA's Listing Rules, it has been determined that the utilisation of the RCF, including any repayment or drawdown by the Company, will now constitute a related party transaction.

Accordingly, pursuant to the Listing Rules, approval by the Company's independent shareholders (i.e. disregarding Meditor and its associates) will be required to permit the Company to continue to exercise its rights and perform its obligations under the RCF.

General Meeting

The Company has today published and will post to shareholders an explanatory circular (the "Circular") convening a general meeting of the Company on 14 October 2019 (the "General Meeting"). Shareholders will be asked at the General Meeting to approve the continued exercise of the Company's rights and performance of its obligations under the RCF (the "Resolution").

The Circular will shortly be available to view on the Company's website https://www.carpetright.plc.uk/investors/. A copy of the Circular and the accompanying form of proxy will shortly be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/nsm.

The General Meeting will be held at 11.30 a.m. on 14 October 2019 at the offices of Travers Smith LLP, 10 Snow Hill, London EC1A 2AL.

Further details are set out in the Circular.

Details of irrevocable undertakings

The Company has received irrevocable undertakings to vote in favour of the Resolution in respect of shareholders who, as at 25 September 2019 (the "Latest Practicable Date"), held 110,224,093 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), representing 51.82 per cent. of the Company's issued share capital eligible to vote on the Resolution (disregarding Ordinary Shares held by Meditor, who will abstain from voting).

Expected timetable

For further enquiries please contact:

Important notices

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is providing sponsor services to the Company in relation to the related party transactions with Meditor. Peel Hunt is acting exclusively for the Company and no one else in connection with such related party transactions and will not be responsible to anyone other than the Company for providing the protections afforded to the clients of Peel Hunt or for providing advice to any other persons in relation to the related party transactions, the content of this announcement or any other matters described in this announcement.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Peel Hunt or by any of their respective affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Notes to Editors

Carpetright plc is Europe's leading specialist floor coverings and beds retailer. Since the first store was opened in 1988 the business has developed both organically and through acquisition within the UK and other European countries. The Group is organised into two geographical regions, the UK and the Rest of Europe (comprising the Netherlands, Belgium and the Republic of Ireland).