Statement of intention not to make an offer

Elliott Advisors (UK) Limited, acting on behalf of the funds it advises ("Elliott") confirms that, following multiple attempts to engage with Currys' Board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it. Elliott therefore confirms it does not intend to make an offer for Currys.

For the purposes of Rule 2.8 of the Code, Elliott and any person(s) acting in concert with it reserve the right to make or participate in an offer for Currys (and/or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:

• with the agreement of Currys' Board;
• following the announcement of a firm intention to make an offer for Currys by or on behalf of a third party;
• following the announcement by Currys of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensation from Rule 9 of the Takeover Code) or a reverse takeover (as defined in the Code); or
• where the Takeover Panel has determined that there has been a material change of circumstances