Next Regulatory News (NXT)

Maximum No. of Shares

Lord Wolfson of Aspley Guise

8,776

Jonathan Blanchard

5,575

Richard Papp

6,504

Jane Shields

6,504

Jeremy Stakol

5,575

Marcelle Stakol (PCA)

1,014

·

the award will vest following the third anniversary of the date of grant subject to performance targets and continued employment in the NEXT Group;

·

a variable percentage of the maximum number of shares above can vest, depending on the relative Total Shareholder Return of NEXT over a three year period against a comparator group;

·

for relative performance against the comparator group the percentage vesting will be:

Relative performance

Percentage vesting

Below median

0%

Median

20%

Upper quintile

100%

·

the Remuneration Committee has discretion to override and reduce formulaic outcomes under the LTIP awards should this be considered appropriate in the circumstances;

·

before any of the awards vest, the Committee must have regard to the underlying financial performance of the Company;

·

to the extent that the performance condition is not met, the award will lapse completely;

·

to the extent that awards vest, dividend equivalents will be accrued; and

·

any vesting of these awards granted (including dividend equivalents) will be settled in shares and, after payment of tax, the net shares received should be retained by executive directors for a period of two further years and PCAs for a further period of 6 months.

1

Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")

a)

Name

1. Lord Wolfson of Aspley Guise

2. Jonathan Blanchard

3. Richard Papp

4. Jane Shields

5. Jeremy Stakol

6. Marcelle Stakol

2

Reason for the notification

a)

Position/status

1. Chief Executive (PDMR)

2. Chief Financial Officer (PDMR)

3. Group Merchandise and Operations Director (PDMR)

4. Group Sales, Marketing and HR Director (PDMR)

5. Group Investments, Acquisitions and Third Party Brands Director (PDMR)

6. Brand Director (PCA with Jeremy Stakol)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

NEXT plc

b)

LEI

213800WQD8ECPZP9PH98

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.10 each - conditional award

Identification code

GB0032089863

b)

Nature of the transaction

Conditional award granted of shares under the LTIP. Maximum number of shares as follows:

1. Lord Wolfson of Aspley Guise - 8,776

2. Jonathan Blanchard - 5,575

3. Richard Papp - 6,504

4. Jane Shields - 6,504

5. Jeremy Stakol - 5,575

6. Marcelle Stakol - 1,014

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Lord Wolfson of Aspley Guise

Nil

8,776

Jonathan Blanchard

Nil

5,575

Richard Papp

Nil

6,504

Jane Shields

Nil

6,504

Jeremy Stakol

Nil

5,575

Marcelle Stakol

Nil

1,014

d)

Aggregated information

- Aggregated volume

n/a single transactions

- Price

e)

Date of the transaction

3 October 2025

f)

Place of the transaction

Outside a trading venue