Return of Value & EGM Notice

Brown (N.) Group PLC
25 January 2007



                                N Brown Group plc

      PROPOSED RETURN OF VALUE AND NOTICE OF EXTRAORDINARY GENERAL MEETING

N Brown Group plc ('N Brown' or the 'Company') confirms that, further to 
yesterday's announcement regarding the proposal to return 27 pence per 
existing ordinary share, equivalent to approximately £80 million, to 
shareholders, it is today posting a circular to shareholders with further 
details of the proposed return of value and convening an Extraordinary General 
Meeting, to be held at 12 noon on 21 February 2007, to obtain all necessary 
shareholder approvals for its implementation.

The Company has forwarded copies of the circular to the Financial Services 
Authority pursuant to Listing Rule 9.6.1 and copies will shortly be made 
available to the public for inspection at the UK Listing Authority's Document 
Viewing Facility, which is situated at: Financial Services Authority, 25 The 
North Colonnade, Canary Wharf, London, E14 5HS Telephone: + 44 (0)20 7066 1000).

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Latest time and date for receipt of forms         12.00 noon on 19 February 2007
of proxy for the Extraordinary General Meeting                                
                                                                          
Extraordinary General Meeting                     12.00 noon on 21 February 2007
                                                                     
Latest time and date for dealings                  5.00 p.m. on 21 February 2007
in existing ordinary shares. Existing    
ordinary share register closes and existing 
ordinary shares disabled in CREST.

Record date for the return of value and the        5.00 p.m. on 21 February 2007
share capital consolidation                                                    

B share issue date                                 8.00 a.m. on 22 February 2007
                                                                 
New ordinary shares admitted to the Official       8.00 a.m. on 22 February 2007
List and to trading on the London Stock Exchange's           
main market for listed securities; dealings in 
new ordinary shares commence; enablement in CREST

New ordinary shares credited to CREST accounts     8.00 a.m. on 22 February 2007
                                                                 
Despatch of share certificates in               Week commencing 26 February 2007
respect of new ordinary shares                  
                                                                          
Latest time and date for receipt of white forms    5.00 p.m. on 27 February 2007
of election and USE instructions in respect              
of B share alternatives 

Credit Suisse makes the purchase offer by means        8.00 a.m. on 1 March 2007
of an announcement on the Regulatory     
News Service of the London Stock Exchange

Purchase of B shares by Credit Suisse to be        By 11.59 p.m. on 1 March 2007
completed and Credit Suisse to be registered           
as the holder of such B shares 

Dividend record date                                   7.30 a.m. on 2 March 2007                 

Single B share dividend declared and B shares          8.00 a.m. on 2 March 2007
automatically convert into deferred shares                                        

Despatch of cheques or CREST accounts credited                     12 March 2007
in respect of the purchase of B shares by 
Credit Suisse, the single B share dividend and 
fractional entitlements

Notes:

1) References to time in this announcement are to London time
2) If any of the above times or dates should change, the revised times and/or 
   dates will be notified to shareholders by an announcement through the 
   Regulatory News Service of the London Stock Exchange
3) All of the events in the above timetable following listing are conditional 
   on listing

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 and is acting for no-one else in connection with 
the return of value, the purchase offer or any other matter referred to in this
announcement, and will not be responsible to anyone other than N Brown 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, the purchase offer or any other matter referred to in 
this announcement.

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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