Transaction in Own Shares

Next PLC 22 November 2005 Next plc Off-market purchases by way of contingent purchase contract by the Company of ordinary shares for cancellation Next plc announces today that, pursuant to the authority granted at the Annual General Meeting of the Company's shareholders on 18 May 2005, it has entered into a contingent forward purchase contract with Goldman Sachs International on 22 November 2005 under which it may acquire up to a maximum of 1,350,000 ordinary shares for cancellation at a price of 1354.40 pence per share in the period up to 20 June 2006. This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction. A J R McKinlay Company Secretary Next plc Editorial note: Under the contingent contract, the Company may purchase a fixed number of shares each week in the period to 20 June 2006 (excluding 20 and 27 December 2005 and 3 January 2006), at a fixed price that is at a discount to the market price prevailing at the start of the contract period. The contract is contingent in that it would terminate early, and no further shares would be purchased, if the Company's share price increases to a pre-determined suspension level during the contract period. This suspension level has been set at the start of the contract and is between 104% and 110% of the Company's share price at the start of the contract. This information is provided by RNS The company news service from the London Stock Exchange

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Next (NXT)
UK 100

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