Statement re Press Speculation

LONDON--(BUSINESS WIRE)-- 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

Next 15 Group plc

("Next 15" or the "Group")

Statement re Press Speculation

The Board of Next 15, the tech and data-driven growth consultancy, notes the recent media speculation regarding a potential disposal of a selected number of its brands.

As stated in the Group’s reporting over the past year, Next 15 has sought to simplify and strengthen the business. The Group also continually appraises performance and actively considers options to accelerate value creation across the Group’s business units as well as enhancing the delivery of the Group’s commercial and strategic objectives.

As such, the Group confirms it is in early-stage discussions regarding a potential sale of a selected number of its brands.

The Board’s primary focus is maximising shareholder value. At this time, there can be no certainty that any agreement will be reached, nor as to the terms of any such agreement, including if sufficient value is not realised.

Further updates will be provided as appropriate.

The person responsible for making this announcement on behalf of Next 15 is Mark Sanford, Company Secretary.

Enquiries:

Next 15 Group plc Mickey Kalifa, Chief Financial Officer	[phone]
Deutsche Numis (Financial adviser, Nomad & Joint Broker) Mark Lander Hugo Rubinstein George De Felice	+ 44 (0)20 7260 1000
Berenberg (Joint Broker) Ben Wright Mark Whitmore	[phone]
Brunswick – for media enquiries Paul Durman Bridie Barrett Imran Jina   MHP Group – for investor enquiries Oliver Hughes Eleni Menikou Veronica Farah	[phone] [phone] [phone]     [phone] [phone]