Transaction in Own Shares

Next PLC
22 November 2005


Next plc

Off-market purchases by way of contingent purchase contract by the Company of
ordinary shares for cancellation

Next plc announces today that, pursuant to the authority granted at the Annual
General Meeting of the Company's shareholders on 18 May 2005, it has entered
into a contingent forward purchase contract with Goldman Sachs International on
22 November 2005 under which it may acquire up to a maximum of 1,350,000
ordinary shares for cancellation at a price of 1354.40 pence per share in the
period up to 20 June 2006.

This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.

A J R McKinlay
Company Secretary
Next plc


Editorial note:

Under the contingent contract, the Company may purchase a fixed number of shares
each week in the period to 20 June 2006 (excluding 20 and 27 December 2005 and 3
January 2006), at a fixed price that is at a discount to the market price
prevailing at the start of the contract period. The contract is contingent in
that it would terminate early, and no further shares would be purchased, if the
Company's share price increases to a pre-determined suspension level during the
contract period. This suspension level has been set at the start of the contract
and is between 104% and 110% of the Company's share price at the start of the
contract.


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