CPR.L Regulatory News (CPR)

· Continued growth in the UK, with like-for-like sales up 1.4% despite tougher market conditions experienced across the period.

· Rest of Europe continues to benefit from improving economic confidence and positive currency impact.

· Full year profit expected to be within the current range of market expectations, albeit towards the lower end.(note 1)

· UK

o In a more difficult consumer environment, like-for-like sales were up 1.4% in the twelve week period. (notes 2, 3)

o Further acceleration of store refurbishment programme with 188 stores trading under the new brand identity by period end, delivering sales growth above comparable stores in the rest of the estate.

o Three new stores opened in Liverpool, Leeds and Bath.

o Continued progress in reducing fixed operating costs, with two stores relocated into smaller units and three closures, leaving a total of 427 trading locations.

· Rest of Europe

o In local currency terms, like-for-like sales in the Rest of Europe (Netherlands, Belgium and the Republic of Ireland) increased by 1.4%. Total sales increased by 1.9%, this translates to an increase of 11.0% in reported currency.

o One store relocated to a smaller unit, leaving 138 trading locations.

Notes

1. Consensus for the year ending 29 April 2017 is for Group underlying profit before tax to be £15.2m, with a range from £13.9m to £16.2m.

2. Sales represents amounts payable by customers for goods and services before deducting VAT and other charges.

3. Like-for-like sales calculated as this year's sales compared to last year's sales for all stores that are at least 12 months old at the beginning of our financial year. Stores closed during the year are excluded from both years. No account is taken of changes to store size or introduction of third party concessions.

4. There have been no significant changes to the Group's financial position during the period.

Current Financial Year

Previous Financial Year

12 weeks to

22 April

2017

25 weeks to 22 April 2017

51 weeks to 22 April 2017

12 weeks to

23 April

 2016

52 weeks to

30 April

 2016

UK

- Total

(0.1%)

0.4%

(2.7%)

(2.9%)

(1.3%)

- Like-for-like

1.4%

1.7%

(0.6%)

0.7%

2.8%

Rest of Europe

- Total (in local currency)

1.9%

3.4%

1.7%

2.6%

4.9%

- Like-for-like (in local currency)

1.4%

3.3%

2.2%

1.9%

4.8%

- Total (in GBP)

11.0%

16.4%

16.4%

10.7%

(1.2%)

Group Sales (in GBP)

1.6%

2.7%

0.0%

(0.9%)

(1.3%)

Current

Financial Year

Previous

Financial Year

Store portfolio

22 April 2017

28 January 2017

23 April 2016

Year end

30 April 2016

Stores

Sq ft

'000

Stores

Sq ft

'000

Stores

Sq ft

'000

Stores

Sq ft

'000

UK

Standalone

414

3,669

414

3,662

419

3,732

420

3,734

Concessions

13

24

13

24

15

29

15

29

Total

427

3,693

427

3,686

434

3,761

435

3,763

Europe

Republic of Ireland

21

157

21

157

21

157

21

157

Netherlands

94

963

94

969

93

1,037

93

985

Belgium

23

235

23

235

23

252

22

245

Total

138

1,355

138

1,360

137

1,446

137

1,387

Total Group

565

5,048

565

 5,046

571

 5,207

572

5,150