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Umbro PLC (UMB)

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Friday 21 December, 2007

Umbro PLC

Pre Close Trading Statement

Umbro PLC
21 December 2007


                                                              21st December 2007


                       Umbro plc pre close trading update


Umbro is announcing its pre-close trading statement in relation to the year
ended 31 December 2007.

As stated in the trading update on 22 November 2007, branded sales growth and
performance of international markets in 2007 is in line with expectations. In
that trading statement issues relating to sell-through of England replica
jerseys were also set out and these issues remain in evidence, with slow sell
through at retail and a poor outlook for the volume of sales of new England
product to be launched in 2008.

Umbro has contractual arrangements in place with its key customers, however, it
is now highly unlikely that by the year end these key customers will have taken
ownership of a significant number of England replica jerseys that are currently
in Umbro's distribution facilities. The Board believes that this will have a
material impact on revenues for the current year. Umbro is reviewing all options
available to it with regards to such contractual arrangements with its key
customers.

In relation to Sports Direct, Umbro continues to work closely with Sports Direct
to find a mutually acceptable way forward regarding these matters. Umbro has
already agreed certain changes to these commercial arrangements, involving
increased support of the retail sell through of Umbro product. However, no final
resolution has yet been achieved and these discussions are continuing.

At the request of the Panel on Takeovers and Mergers and in the light of Sports
Direct's position as an Umbro shareholder, the Umbro Directors, who have been so
advised by JPMorgan Cazenove, confirm that the changes made to the commercial
arrangements between Sports Direct and Umbro and, in particular, the increased
support of the retail sell through of Umbro product are of a revenue nature,
have been made in the ordinary course of business and are fair and reasonable so
far as other Umbro shareholders are concerned. In providing its advice, JPMorgan
Cazenove has taken into account the commercial assessments of the Umbro
Directors.

Enquiries:


Brunswick Group LLP                      020 7404 5959

Simon Sporborg / Dominic McMullan




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