TIDMFRAS

RNS Number : 2523J

Frasers Group PLC

21 December 2020

21 December 2020

FRASERS GROUP PLC

("Frasers Group" or the "Group")

Withdrawal of Guidance

From Sunday 20 December 2020, the Government closed non-essential retail in London, The South East, and East of England with no warning. This has led to virtually all of our stores closing in these areas. Given this is a peak trading period, and combined with the high likelihood of further rolling lockdowns nationwide over the following months at least, such is the uncertainty of when stores can and cannot open that the Board of Frasers Group plc can no longer commit to Frasers Group achieving its publicised guidance of a 20% to 30% improvement in Underlying EBITDA during FY21 and, accordingly, is withdrawing its guidance.

 
 Frasers Group plc 
  Tom Piper, Company Secretary     T. 0344 245 9200 
  LEI: 213800JEGHHEAXIJDX34        E. investor.relations@frasers.group

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December 21, 2020 02:00 ET (07:00 GMT)

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