Return of Value

Brown (N.) Group PLC
01 March 2007




                                Return of Value
                                        
                          Purchase Offer for B Shares

This document should not be transmitted, distributed or released in or into any
jurisdiction in which such an act would constitute a violation of the relevant 
laws of such jurisdiction.

Credit Suisse Securities (Europe) Limited has agreed with N Brown Group plc to 
make the Purchase Offer in accordance with the circular to Shareholders dated 
25 January 2007 (the 'Circular').

Credit Suisse Securities (Europe) Limited hereby makes the Purchase Offer, 
acting as principal, to purchase the 208,605,257 B Shares in respect of which 
valid elections to accept the Purchase Offer have been received. Accordingly 
such offer is to purchase those B Shares for 27 pence each on the terms set out
in the Circular.

Cheques and sale advices are expected to be despatched and assured payments 
made through CREST on 12 March 2007 in respect of B Shares purchased under 
the Purchase Offer.

All definitions used in the Circular apply to this announcement. Credit Suisse 
Securities (Europe) Limited, which is regulated in the United Kingdom by the 
Financial Services Authority, is acting as financial adviser and corporate 
broker to N Brown Group plc and is acting for no-one else in connection with 
the Return of Value, and will not be responsible to anyone other than N Brown 
Group plc for providing the protections afforded to customers of Credit Suisse 
Securities (Europe) Limited nor for providing advice to any other person in 
relation to the Return of Value.

Enquiries:

N Brown Group plc:                                                 0161 238 2202
Alan White, CEO
Dean Moore, CFO

Credit Suisse:                                                     020 7888 8888
John Hannaford

Gavin Anderson:                                                    020 7554 1400
Fergus Wylie




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