TIDMFRAS

RNS Number : 6799H

Frasers Group PLC

07 December 2020

Date: 7 December 2020

Frasers Group Plc

("Frasers Group" or the "Company")

Debenhams

The Company confirms that it is in negotiations with the administrators of Debenhams' UK business regarding a potential rescue transaction for Debenhams' UK operations. Whilst Frasers Group hopes that a rescue package can be put in place and jobs saved, time is short and the position is further complicated by the recent administration of the Arcadia Group, Debenhams' biggest concession holder. There is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly .

Ends.

   Frasers Group Plc                          T. 0344 245 9200 
   Tom Piper, Company Secretary    E. investor.relations@frasers.group 

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(END) Dow Jones Newswires

December 07, 2020 02:00 ET (07:00 GMT)