7 September 2023

DFS FURNITURE PLC

£250M NEW CREDIT FACILITIES SIGNED

DFS Furniture plc ("DFS" and the "Group"), the market leading retailer of living room and upholstered furniture in the United Kingdom, is pleased to announce the successful completion of a new £200m Revolving Credit Facility ("RCF") and £50m issue of US Private Placement ("USPP") notes. Together, these replace the existing £215m RCF.

The £200m RCF which has been agreed with existing banking partners, will mature in September 2027 and includes an option to extend a further 16 months subject to lenders' agreement. The terms of the RCF are in line with the previous £215m facility and are consistent with those applicable to the £50m USPP notes. The notes will mature in September 2028 (£25m) and September 2030 (£25m).

John Fallon, the Group's Chief Financial Officer, said "The successful renewal of our lending facilities is a strong positive endorsement of the confidence the Group maintains with our long term banking partners and the wider credit market. It provides additional liquidity over the longer term as well as flexibility to pursue all our strategic objectives."

Enquiries:

DFS (enquiries via Tulchan)

John Fallon (Group CFO)

Liz McDonald (Company Secretary)

Phil Hutchinson (Investor Relations)

[email protected]

Tulchan

James Macey-White

Jessica Reid

+44 (0)20 7353 4200

[email protected]

About DFS Furniture plc

The Group is the clear market-leading retailer of living room furniture in the United Kingdom. Our Group purpose is to bring great design and comfort into every living room, in an affordable, responsible and sustainable manner. We operate an integrated physical and digital retail network of living room furniture showrooms and web sites in the United Kingdom and Republic of Ireland, trading through our leading brands, DFS, Sofology and Dwell. We attract customers through our targeted and national marketing activities and our reputation for high quality products and service, breadth of product offer and favourable consumer financing options. We fulfill orders for our exclusive product ranges through our own three UK finished goods factories, and through manufacturing partners located in the UK, Europe and Far East, and delivered with care through our expert final-mile delivery service "The Sofa Delivery Company Limited".