Dfs Furniture Plc Regulatory News (DFS)

29 July 2016 For immediate release

DFS FURNITURE plc

BOARD CHANGE

Section 430 (2B) Companies Act 2006 Statement - Bill Barnes

As announced today, Bill Barnes will retire as Group Finance Director of DFS Furniture plc ("the Group") with effect from 30 July 2016. He will remain an employee of the Company until 31 August. The following information is provided in accordance with section 430(2B) of the Companies Act 2006:

1. Bill Barnes has not and will not receive any loss of office payments.

2. Incentives: Bill Barnes' outstanding share incentive benefits will be treated in accordance with the rules of the applicable plans and will remain subject to the terms contained therein.

Bill Barnes will be eligible to receive a bonus for the 2016 Financial Year subject to an assessment of the performance targets. Details of any bonus payment for the 2016 Financial Year will be provided in the 2016 Directors' Remuneration Report.

Long Term Incentive Plan ("LTIP") awards granted in March and October 2015 - the Remuneration Committee determined to treat Bill Barnes as a 'good leaver' and that the awards will vest on their original vesting date to the extent that the performance conditions are met. His awards will be time pro-rated proportionately to his actual period of service.

Sharesave Scheme: outstanding options held under the all-employee Sharesave may be exercised in accordance with the rules of the plan.

3. Bill Barnes is contractually entitled to a payment in lieu of holiday accrued but not taken by 31 August 2016.

The Group's Remuneration Report for the financial year ending July 2016 will include details of remuneration earned by Bill Barnes as an executive director during the relevant period.

Paul Walker

Company Secretary

DFS Furniture plc

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About DFS Furniture plc

DFS is the clear market leading retailer of upholstered furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of upholstered furniture products. The business operates a retail network of upholstered furniture stores in the United Kingdom and Europe, together with an online channel. These have been established and developed gradually over more than 45 years of operating history. We attract customers to our stores and website through our substantial and continued investment in nationwide marketing activities and our reputation for high quality products and service, breadth of product ranges and price points and favourable consumer financing options.