Exercise of Option

4Less Group plc (The)
19 November 2004

                      The 4Less Group plc ('the Company')


The Admission Document of the Company dated 22 March 2004 disclosed Charles
McLeod, chief executive officer of the Company, as beneficially holding
2,810,662 ordinary shares following Admission and a further 125,000 ordinary
shares over which Fifth Avenue Capital Inc. ('Fifth Avenue') had an option to
acquire those ordinary shares.


On 22 July 2004, Fifth Avenue exercised their option in respect of 75,000
ordinary shares in full and final settlement of the option agreement.
Accordingly, following this exercise Mr Mcleod now beneficially holds 2,860,662
ordinary shares in the Company.



Enquires


Nigel Paul - Finance Director                           020 7594 0513


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