Notice of EGM

Next PLC
05 November 2004



Contacts: David Keens, Group Finance Director
          Andrew McKinlay, Company Secretary
          Seonna Anderson, Deputy Company Secretary
          Andrew Jones, Group Treasurer
          NEXT PLC
          Tel: [phone]

          Alistair Mackinnon-Musson
          Philip Dennis
          Hudson Sandler
          Tel: [phone]
          Email: [e-mail]


                                    NEXT PLC

                                  EGM Circular

  Proposed off-market purchases by way of contingent purchase contracts by the
Company of ordinary shares for cancellation and Notice of Extraordinary General
                                    Meeting



The Board of NEXT announces that a circular has today been sent to shareholders
setting out in full the details of proposed off-market purchases by way of
contingent purchase contracts by the Company from Goldman Sachs International of
up to 6 million ordinary shares for cancellation.  Under the proposal, the
Company may enter into contingent purchase contracts at any time other than
during close periods.  These contracts provide flexibility to purchase Shares at
all times, including close periods when the Company would not normally be
allowed to purchase, such as prior to announcing full year and interim results.
This proposal is subject to and conditional upon shareholder approval at an
Extraordinary General Meeting to be held on 29 November 2004.


Under each contingent contract, the Company would purchase a fixed number of
shares each week, over a period of 20 to 30 weeks, at a fixed price that would
be at a discount to the market price prevailing at the start of the contract
period. Each contract is contingent in that it would terminate early, and no
further shares would be purchased, if the Company's share price exceeded a
pre-determined suspension level during the contract period. This suspension
level would be set at the start of each contract and would be between 104% and
110% of the Company's share price at the start of the contract.


The Company obtained a general shareholder authority at its 2004 Annual General
Meeting to purchase up to 15% of its ordinary share capital. The authority to be
sought at the forthcoming Extraordinary General Meeting is not additional to
this general authority but will count towards that 15% limit.  The Company may
continue to repurchase its ordinary shares for cancellation on market if it is
considered to be earnings enhancing and in the best interests of shareholders
generally.


A copy of the circular, which contains a notice of the Extraordinary General
Meeting, has been submitted to the UK Listing Authority and will be available
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.  The circular will also be available on the Company's website
(www.next.co.uk).







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