Response to announcement

Mothercare plc
28 July 2014

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

Mothercare plc ("Mothercare" or the "Company")
 Announcement by Destination Maternity Corporation ("Destination Maternity")

The Board of Mothercare (the "Board") notes the announcement by Destination Maternity that, in accordance with the requirements of the UK City Code on Takeovers and Mergers (the "Takeover Code"), Destination Maternity does not intend to make an offer for Mothercare.  The Board also notes that it has had no contact with Destination Maternity since 3 June 2014.

As announced in the trading update on 17 July 2014, with the appointment of Mark Newton-Jones as Chief Executive, Mothercare is now fully focused on the Company's plan to turnaround the UK business and to continue its strong International growth.  The Board remains confident in the ongoing execution of Mothercare's strategy as an independent company.

Enquiries

Mothercare plc
Alan Parker, Chairman                                    [phone]
Mark Newton-Jones, Chief Executive               [phone]
Tim Ashby, Group General Counsel                 [phone] 

Goldman Sachs International (Financial adviser to Mothercare)
Anthony Gutman                                            [phone]
Nick Harper
Michael Casey

JP Morgan Cazenove (Corporate broker to Mothercare)
Luke Bordewich                                             [phone]
Caroline Thomlinson

Numis Securities (Corporate broker to Mothercare)
Christopher Wilkinson                                    [phone]
Rupert Krefting

Tulchan Communications LLP
Katharine Wynne                                             [phone]
Jonathan Sibun

A copy of this announcement will be made available on Mothercare's website at www.mothercare.com.
The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Mothercare and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Mothercare for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in connection with the matters referred to in this announcement. 

J.P. Morgan Securities plc is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. J.P. Morgan Securities plc conducts its UK investment banking business as J.P. Morgan Cazenove. J.P. Morgan Securities plc is acting as corporate broker exclusively for Mothercare and no one else in connection with the matters set out in this announcement and will not regard any other person as their client in relation to the matters in this announcement and will not be responsible to anyone other than Mothercare for providing the protections afforded to clients of J.P. Morgan Securities plc, nor for providing advice in relation to any matter referred to herein.

Numis Securities Limited, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for Mothercare as its broker and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Mothercare for providing the protections afforded to clients of Numis Securities Limited, or for providing advice in connection with the matters referred to in this announcement.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Mothercare Plc via Globenewswire

HUG#1839370