Dfs Furniture Plc Regulatory News (DFS)

12 September 2022

THIS STATEMENT CONTAINS INSIDE INFORMATION

DFS Furniture plc ("DFS" or the "Company")

 Directorate Change

Appointment of Non-executive Chair

DFS Furniture plc today announces that Ian Durant will retire as Chair of the Company and from the Board at the conclusion of the Annual General Meeting on 4 November 2022 and will not therefore seek re-election at the 2022 AGM.

Following the conclusion of an externally led recruitment process the Board  is now pleased to announce that, subject to his re-election by shareholders at the AGM, Steve Johnson will succeed Ian as Chair on that date.

Steve joined the Board in December 2018 and is currently the Chair of the Remuneration Committee. He has considerable retail experience having previously held several senior roles with major UK retailers, starting his career with Asda and most recently Matalan.

Mr Durant said: "I am proud and privileged to have been part of this organisation and look forward to seeing the further growth and success of the Group. I know Steve will be an excellent Chair and provide valuable support for the executive team and strong leadership for the Board."

Commenting, DFS Chief Executive Officer Tim Stacey said:

"I am delighted by the Board's announcement of Steve's appointment as Chair. His detailed knowledge of our Group and wider retail experience will continue to be invaluable as we move forward with our strategy to lead furniture retailing in the digital age.

We would also like to reiterate our sincere thanks to Ian Durant, for his outstanding service as a Director and Chair, and wish him all the best for the future."

Commenting on his appointment Steve said:

"I look forward to taking up the position of Chair and continuing to work with the team to access the clear opportunities for the Group's further progress."

This announcement is made in accordance with LR 9.6.11. The person responsible for arranging the release of this announcement on behalf of DFS is Liz McDonald, Company Secretary.

Enquiries:

DFS (enquiries via Tulchan)

Liz McDonald ( Company Secretary)

Tulchan:

James Macey-White

Jessica Reid

+44 (0)20 7353 4200

dfs@tulchangroup.com

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the United Kingdom. We design, manufacture, sell and deliver to our customers an extensive range of furniture products. The business operates an integrated physical and digital retail network of furniture showrooms and web sites in the United Kingdom and Republic of Ireland, trading through our leading brands. The Group has been established and developed gradually over 50 years of operating history. We attract customers 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.