Update on Hygena at Currys

MFI Furniture Group PLC
11 May 2005


11 May 2005

UPDATE ON HYGENA AT CURRYS

MFI Furniture Group and Dixons Group have agreed to end their venture, Hygena at
Currys, by mutual agreement following a comprehensive review of the business.
While the business demonstrated some success, the sales growth was insufficient
to generate a financial return that justified continuing in the longer term. The
total potential exit cost for MFI will be £5 million with an additional £3
million negative impact on Group operating profit.

A closure programme for the Hygena concessions, which trade in 130 of Currys'
370 stores, will take place between July and September 2005. All customer orders
will be honoured and full after-sales service will be provided. A consultation
process will start tomorrow and we will be working closely with all affected
employees during this period.

John Hancock, Chief Executive, said, 'Hygena at Currys has been a worthwhile
experience for both sides but we cannot justify continuing the partnership. Our
focus now is working with those colleagues affected to consider options for the
future. MFI continues to be the largest supplier of kitchens in the UK and we
remain focused on improving the performance of our core UK Retail businesses.'

Contact

Susan Gilchrist/Fiona Laffan/Anna Jones          020 7404 5959

Notes to Editors

   •Hygena at Currys trades in 130 of Curry's network of 370 stores and
    employs around 400 staff




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