Date: 8 February 2023

FRASERS GROUP PLC

("Frasers Group" or "the Company")

UPDATE ON ACQUISITION OF FASHION BRANDS

Further to the announcement of 16 December 2022, Frasers Group announces the completion of the acquisition of five of the remaining seven premium fashion brands (Cricket, Tessuti, Scotts, Giulio and Choice).  The terms of these acquisitions remain as set out in the announcement of 16 December 2022.

The acquisition of the Rascal Clothing brand will no longer proceed.

Frasers Group will make a further announcement concerning completion of the acquisition of the remaining premium fashion brand (Topgrade Sportswear (including Get The Label)) in due course.

Ends

Frasers Group plc

Robert Palmer, Company Secretary                         T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34                                 E. [email protected]

Chris Wootton, Chief Financial Officer                      T. 0344 245 9200                                                                                                                                                          E. [email protected]

Ronnie Laffar, Head of PR & Communications         T. 07585 886189

                                                                                    E. [email protected]

Rosie Oddy, Brunswick Group,                                  T. 07734 861279

PR Advisors                                                                E. [email protected]

Numis                                                                         T. 020 7260 1000

Luke Bordewich

Stuart Ord                                                                               

Ollie Steele

Liberum                                                                      T. 020 3100 2000

John Fishley

Kane Collins

Nikhil Varghese