Statement re Possible Offer

Elliott Advisors (UK) Limited, acting on behalf of the funds it advises ("Elliott"), notes the recent press speculation regarding its intentions in relation to Currys plc ("Currys"). Elliott confirms that it is considering a possible cash offer for Currys. There can be no certainty that an offer will be made for Currys nor as to the terms on which any offer might be made.

A further announcement will be made as and when appropriate.

In accordance with Rule 2.6(a) of the Code, Elliott must, by not later than 5.00 p.m. on 16 March 2024, being 28 days following the date of this announcement, either announce a firm intention to make an offer for Currys in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Currys, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

Rule 2.4c(iii) disclosure

Elliott is not aware of any dealings in Currys shares that would require a minimum level, or particular form, of consideration that it would be obliged to offer under Rule 6 or Rule 11 of the Code (as appropriate). However, in the interest of retaining confidentiality, it has not been practicable to have made such enquiries of all persons presumed to be acting in concert with Elliott prior to this announcement. To the extent that any such details are subsequently identified, Elliott will make an announcement as soon as practicable, and in any event by the time it is required to make its Opening Position Disclosure pursuant to Rule 8.1 of the Code.