Frasers Group Regulatory News (FRAS)

14 August 2019

SPORTS DIRECT INTERNATIONAL PLC

("Sports Direct" or the "Company")

Joint Statement from Sports Direct International plc and Grant Thornton UK LLP

Further to the announcement made by Sports Direct International plc (SD) on the morning of 14 August 2019 regarding Grant Thornton UK LLP's (GT) intention not to seek reappointment as SD's auditors with effect from the date of SD's AGM on 11 September 2019, SD and GT make the following joint statement:

As referred to in the Chief Executive's Report and Business Review in SD's Annual Report and Accounts for the period ended 28 April 2019, SD has a longer term aim of looking to engage a Big 4 auditor in the future. In line with the audit profession as a whole reviewing their client portfolios for, amongst other reasons, audit profitability, during a period of increased regulatory scrutiny, GT's review of its client portfolio alongside SD's future intentions on engagement of a Big 4 auditor has led to a decision by GT to not seek reappointment as SD's auditor.

The board of SD are comfortable with SD's accounts for the period ended 28 April 2019 and believe a fully robust audit was carried out of SD's financial statements

Ends.