AGM Statement

Next PLC 13 May 2004 Date: Immediate Release: Thursday 13 May 2004 Contacts: Simon Wolfson, Chief Executive David Keens, Group Finance Director NEXT PLC Tel: 020 7796 4133 (13/05/2004) Tel: 08454 567777 (thereafter) 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 fourteen weeks since the start of the new financial year NEXT Retail sales are 17% ahead of the previous year. Like-for-like sales in the 316 stores which have been trading for at least one year are 3.1% ahead. Included in those stores are 30 that, as anticipated, have been directly affected by new store openings and extensions. Underlying sales in the 286 stores which have not been affected by new space are 4.9% ahead of last year. NEXT Directory sales for the first fourteen weeks are 13% ahead of the previous year. Taken together, sales for the NEXT Brand are 16% ahead. As a result of recent activity we now expect to increase net selling space by at least 480,000 square feet in the current year. This would increase the total by 17% to 3.3 million square feet. As previously announced, two of our non-executive Directors will be retiring from the Board after today's Annual General Meeting. On behalf of everyone at NEXT I would like to thank Alistair Mitchell-Innes and Ann Burdus for their contribution to our success and wish them well for the future. I am also pleased to announce that Jonathan Dawson has been appointed a non-executive Director of the company today. Jonathan's career has included 8 years in the Ministry of Defence and 20 years in investment banking with Lazard. He is currently a non-executive Director of Galliford Try plc and a senior advisor to Apax Partners' financial services team. David Jones CBE Chairman 13 May 2004 This information is provided by RNS The company news service from the London Stock Exchange

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