PURCHASE OF SHARES BY EMPLOYEE BENEFIT TRUST

23 November 2021

DFS FURNITURE PLC

PURCHASE OF SHARES BY EMPLOYEE BENEFIT TRUST

DFS Furniture PLC has been notified that, on 19 November 2021, the DFS Furniture plc Employee Benefit Trust (the "EBT") completed the purchase of 3,000,0000 ordinary shares of £0.10 each in the capital of the Company ("Ordinary Shares") at an average price of £ 2.69 per Ordinary Share. 

The Ordinary Shares, which will be held in the EBT, are intended to be used to satisfy awards made under the DFS Furniture Plc Long Term Incentive Plan, the Restricted Share Plan and the DFS All Employee Save as you Earn Plan. The EBT is a discretionary trust for the benefit of employees of DFS Furniture PLC and its subsidiaries, including the Executive Directors of DFS Furniture PLC. Following the above purchases, the EBT holds a total of 4,850,004 Ordinary Shares.

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About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the United Kingdom. Our Group purpose is to bring great design and comfort into every living room, in an affordable, responsible and sustainable manner. We operate an integrated physical and digital retail network of living room furniture showrooms and web sites in the United Kingdom, Republic of Ireland, Netherlands and Spain, trading through our leading brands, DFS, Sofology and Dwell. We attract customers through our targeted and national marketing activities and our reputation for high quality products and service, breadth of product offer and favourable consumer financing options. We fulfil orders for our exclusive product ranges through our own three UK finished goods factories, and through manufacturing partners located in the UK, Europe and Far East, and delivered with care through our expert final-mile delivery service "The Sofa Delivery Company".