Transaction in Own Shares

Next PLC
31 January 2005


31 January 2005

Next plc

Next close period share repurchase programme

Next plc announces that it has commenced an irrevocable, non-discretionary
programme to purchase shares on its own behalf, for cancellation, during its
close period which commences on 31 January 2005 and ends on 22 March 2005. The
programme may or may not result in Next shares being purchased but in any event
no more than 3.0 million shares will be acquired during the period.

Acquisitions will be effected within certain pre-set parameters, and in
accordance with both Next's general authority to repurchase shares and Chapter
15 of the Listing Rules which requires that the maximum price payable be limited
to no more than 105% of the average middle market closing price of Next shares
for the 5 dealing days preceding the date of purchase.

A J R McKinlay
Company Secretary
Next plc







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