Dfs Furn Regulatory News (DFS)

12 December 2016

DFS Furniture plc

Lapse of Options under SAYE Scheme

Further to last week's announcement regarding the 'Grant of Options under SAYE Scheme', issued on 9 December 2016, DFS Furniture plc ("DFS" or the "Company") announces that the Director and Persons Discharging Managerial Responsibilities ('PDMR') named below have cancelled their participation in the savings contract associated with the grant of share options on 10 December 2015 made under the DFS SAYE Share Option Scheme. The lapsed options, noted below, had an exercise price of 262.4p.

DFS's SAYE Share Option Scheme was formally launched on 16 November 2015 and made available to all permanent UK employees.

As previously announced, the options granted on 7 December 2016 have an exercise price of 184.0p and are exercisable from 1 February 2020. A total of 2,397,452 shares are under option for this scheme.

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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.