Director Shareholding

Next PLC
02 December 2002


                                    Next plc


         Capital Reconstruction: Notification of Interests of Directors


Replacement share options have been granted to Directors of the company over
ordinary shares of 10p each in NEXT plc, following completion of the Capital
Reconstruction pursuant to which existing options were cancelled. The number of
replacement options granted, option price and exercise dates are identical to
those options which have been cancelled.

Replacement options have been granted as follows:-


Director                         No of Shares        Exercise Price (p)          Normal Exercise Period
                                 under option

NEXT 1984 Share Option Scheme

S A Wolfson                            10,000                   237.67                02.06.97-02.06.04


NEXT 1995 Share Option Scheme

C E Angelides                          25,000                      340                30.06.98-30.06.05
                                       25,000                      530                01.05.99-01.05.06

D W Keens                              50,000                      530                01.05.99-01.05.06

S A Wolfson                            25,000                      340                30.06.98-30.06.05
                                       25,000                      530                01.05.99-01.05.06


NEXT Sharesave Scheme

C E Anglelides                          3,107                      543                01.12.05-01.06.06

D W Keens                               1,690                      543                01.12.05-01.06.06

A J Varley                               832                       543                01.12.05-01.06.06
                                         702                       707                01.12.06-01.06.07

S A Wolfson                             2,340                      707                01.12.06-01.06.07



No payment was required for the grant of these options


W R Barnes

Company Secretary

2 December 2002


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