Publication of a Prospectus

Publication of Prospectus

NEXT Group plc

24 April 2019

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA (OR TO U.S. PERSONS), AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW

The following Prospectus (the "Prospectus") has been approved by the Financial Conduct Authority and is available for viewing:

NEXT Group plc

£250,000,000 3.00 per cent. Guaranteed Bonds due 2025

Dated 24 April 2019

To view the Prospectus, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/9870W_1-2019-4-24.pdf

A copy of the above Prospectus will also be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.

For further information please contact:

Andrew Jones

Group Treasurer

Tel: + 44 (0)116 284 2787

Email: Andrew_Jones@next.co.uk

DISCLAIMER ‑ INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified or referred to in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access the Prospectus is conditional upon complying with the above requirement.