Page 1

Contacts : ● Date : ● Photographs : Embargoed until 07.00hrs , Thursday 6 May 2021 Amanda James , Group Finance Director ( analyst calls ) NEXT PLC Tel : 0333 777 8888 2 Alistair Mackinnon - Musson Rowbell PR HEADLINES Full price sales in the thirteen weeks to 1 May were down -1.5 % on two¹ years ago . Our previous central guidance assumed that Q1 would be down -10 % and we have beaten this Q1 forecast by £ 75m . http://www.nextplc.co.uk/media/image-gallery/campaign-images next PLC Trading Statement - 6 May 2021 Email : next@rowbellpr.com Tel : 020 7717 5239 We have increased our central guidance for full year profit before tax by + £ 20m to £ 720m² . This profit upgrade accounts for the £ 75m sales over - achievement in Q1 . We have not raised our sales guidance for the rest of the year , which remains at + 3 % against two years ago . FULL PRICE SALES PERFORMANCE BY BUSINESS CHANNEL Full price sales ( VAT exclusive ) versus 2019 Thirteen weeks to 1 May Online NEXT UK + 63 % Online LABEL UK + 71 % Online Overseas + 67 % + 65 % - 76 % -0.6 % - 12 % - 1.5 % Total Online Retail ( UK and Ireland ) Total Product full price sales Finance interest income Total full price sales including interest income 1 Sales comparisons in this Trading Statement are given relative to two years ago ( 2019/20 ) as we believe this is more meaningful than comparing with 2020/21 , which was affected by COVID . Profit before tax estimates presented in this document exclude the impact of IFRS 16 Leases . 1