Holding(s) in Company

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date ^xvii

Exercise/
Conversion
period ^xviii

Number of voting
rights instrument
refers to

% of voting rights ^{xix, xx}

RNS Number : 8507H

Next PLC

12 June 2017

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ⁱ
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ	Next plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify):		No

3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Invesco Ltd.
4. Full name of shareholder(s) (if different from 3.): ^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	9 June 2017
6. Date on which issuer notified:	12 June 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	10%

8. Notified details:
A: Voting rights attached to shares ^{viii, ix}
Class/type of shares GB0032089863	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights ^x
			Direct	Direct ^xi	Indirect ^xii	Direct	Indirect
	14,444,872	14,444,872			14,747,784		10.02%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date ^xiii	Exercise/ Conversion Period ^xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: ^xxi

Invesco Advisers, Inc. - 4,522,130

Invesco Asset Management Limited - 10,050,794

Invesco Asset Management Japan Limited - 2,715

Invesco Investment Advisers, LLC - 156,222

Invesco PowerShares Capital Management - 15,923

Proxy Voting:
10. Name of the proxy holder:	Invesco (UK) Ltd.
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A