AGM Statement

Next PLC 16 May 2002 Date: Immediate release: Thursday 16 May 2002 Contacts: David Jones Simon Wolfson, Chief Executive Next plc Tel: 0116 286 6411 Alistair Mackinnon-Musson Philip Dennis Hudson Sandler Tel: 020 7796 4133 Email: next@hspr.co.uk NEXT PLC Annual General Meeting Trading Statement In the first fifteen weeks of this financial year NEXT Retail sales are 17% ahead of the previous year. Like-for-like sales in the 263 stores that have been trading continuously for at least one year are 5% ahead. NEXT Directory sales for the first fifteen weeks are 28% ahead of the previous year. Taken together, sales for the NEXT Brand are 20% ahead of last year. At the end of today's Annual General Meeting, I shall retire as Chairman after four very happy and stimulating years. I am delighted that David Jones, at present Deputy Chairman and formerly Chief Executive, has agreed to succeed me. The combination of David as Chairman and Simon Wolfson as Chief Executive will be hard to beat and I have every confidence in the future of the company. Sir Brian Pitman Chairman 16 May 2002 - Ends - This information is provided by RNS The company news service from the London Stock Exchange

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