Fund Raising Update

4Less Group plc (The)
16 March 2006


                        The 4Less Group Plc ('Company')

                      Fund Raising by the Company - Update


Further to the announcement on 9 March 2006, the Company is pleased to announce
that on 10 March 2006 the FSA approved its application for a change in control.

The placing and conversion of the convertible loan in the Company is no longer
conditional upon this approval.



Enquiries:

Ian Collins                                           Tel: [phone]
The 4Less Group Plc

Oliver Cairns / Romil Patel                           Tel: [phone]
Corporate Synergy Plc

Mohammad Kousha                                       Tel: [phone]
Ekwienox Limited




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