Date: 13 December 2021

FRASERS GROUP PLC ("Frasers Group" or "the Company")

SHARE BUYBACK PROGRAMME

The Company announces that it intends to commence a new share buyback programme from today's date for the period up to and including the last trading day prior to the Company's financial year end on 24 April 2022.

The aggregate purchase price of all shares acquired under the Programme will be no greater than £70,000,000. The maximum number of shares that may be purchased under the Programme will be 10,000,000 ordinary shares.

The purpose of the Programme is to reduce the share capital of the Company.

The Programme will be conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted by the Company's shareholders at the 2021 annual general meeting, Chapter 12 of the UK Listing Authority Listing Rules and the provisions of the Market Abuse Regulation 596/2014/EU dealing with buyback programmes. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue.

Ends.