Shareholder Circular and Notice of General Meeting

Earlier today, Currys plc announced that it had entered into an agreement for the sale of Dixons South East Europe A.E.V.E., the holding company of Currys' entire Greece and Cyprus retail business, trading as Kotsovolos ("Kotsovolos"), to Public Power Corporation S.A. ("PPC" or the "Purchaser") (the "Disposal").

The Company is pleased to announce that a circular regarding the Disposal (the "Circular") has been published, having received approval from the UK Financial Conduct Authority. The Circular will be made available to the Company's shareholders ("Shareholders") shortly.

The Disposal constitutes a Class 1 transaction under the Listing Rules. Completion of the Disposal is therefore conditional upon the passing of an ordinary resolution approving the Disposal by Shareholders (the "Disposal Resolution").

In addition to the Disposal Resolution, completion of the Disposal is also subject to the satisfaction or waiver of certain other conditions, including: (i) obtaining a merger clearance approval from the European Commission or the Hellenic Competition Commission; (ii) obtaining a Foreign Subsidies Regulation clearance before the European Commission or an ex officio investigation by the European Commission; (iii) obtaining third party consents to the Disposal from counterparties to certain contracts to which Kotsovolos is a party; and (iv) the execution of a commercial services agreement between Currys Group Limited and Dixons South East Europe A.E.V.E. Subject to the satisfaction and/or waiver of these conditions, Completion of the Disposal is expected to occur in the first quarter of 2024.

The Circular contains further details of the Disposal and a notice convening a general meeting of the Company to be held at 9:30 a.m. on 21 November 2023.

The Circular and the Notice of General Meeting have been submitted to the Financial Conduct Authority's National Storage Mechanism )the "NSM") and will be available for inspection on the NSM website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

These documents will also be available on the Currys website at https://www.currysplc.com/ from the date of this Announcement up to the date of the General Meeting and for the duration of the General Meeting.

Citigroup Global Markets Limited ("Citi") is acting as sponsor and sole financial advisor to Currys on the Disposal.

Next scheduled announcement

The Group is scheduled to publish its interim results on 14 December 2023