Business update

4 Dec 2008 07:00



JJB Sports plc ("JJB" or the "Company")

UPDATE

JJB notes the recent fall in its share price. The Company will be updating the market on trading and related issues, on 10 December 2008 as previously notified. The Company continues constructive discussions with its debt providers, Barclays, HBOS and Kaupthing, who remain supportive. 

Discussions continue in relation to JJB's Fitness Clubs and JJB's other non-core assets and businesses. There can be no certainty that any transaction will occur or as to the terms of any such transaction. 

A further announcement on the above will be made when appropriate.

Lazard & Co., Limited has been appointed as the Company's joint financial adviser. 

Enquiries 

Lazard & Co., Limited is acting solely for JJB in connection with the matters referred to in this announcement and will not be responsible to anyone other than JJB for providing the protections afforded to clients of Lazard & Co., Limited or for providing advice in relation to the matters referred to in this announcement.