TIDMFRAS

RNS Number : 7749V

Frasers Group PLC

11 August 2022

Date: 11 August 2022

FRASERS GROUP PLC

DISPOSAL OF RETAIL PARKS

Frasers Group announces that it has today completed the disposal of a number of freehold and long leasehold retail parks held by its wholly owned subsidiaries, to RI UK 1 Limited for a headline price of GBP205m.

Frasers Group fascias will operate from leases within these properties where appropriate. Frasers Group in the ordinary course of business purchases and sells properties from time to time, in this instance, a significant disposal to one counterparty has led to this Class 2 announcement.

The Company intends to use the proceeds of sale towards the working capital of the Company and its group operations.

Ends

Frasers Group plc

   Thomas Piper, Company Secretary                            T. 0344 245 9200 
   LEI:213800JEGHHEAXIJDX34                                   E. investor.relations@frasers.group 
   Chris Wootton, Chief Financial                                   T. 0344 245 9200

Officer E. financial@frasers.group

   Ronnie Laffar, Head of PR &                                      T. 0344 245 9399 
   Communications                                                        E. fgpr@frasers.group 
   Rosie Oddy, Brunswick Group,                                  T. 020 7404 5959

PR Advisors E. frasersgroup@brunswickgroup.com

Numis

   Luke Bordewich                                                         T. 020 7260 1000

Ollie Steele

Duncan Wilson

Liberum

   John Fishley                                                              T. 020 3100 2000

Kane Collins

Nikhil Varghese

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END

DISUAANRUBUWAAR

(END) Dow Jones Newswires

August 11, 2022 13:05 ET (17:05 GMT)

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