Retail Offer Result & Clawback Placing Information

Further to the Company's "Result of oversubscribed Placing & Subscription" and "Launch of Retail Offer" announcements released at 07:00 a.m. and 11.51 a.m. respectively on 14 November 2024 (the "Fundraising Announcements"), Boohoo Group plc (AIM:BOO), a leading online fashion group, is pleased to announce that the Retail Offer launched on 14 November 2024 has conditionally raised approximately £0.4 million. The Retail Offer will, subject to the satisfaction of certain conditions, including Lender Consent and the Placing Agreement not having been terminated and becoming unconditional (the "Fundraising Conditions"), result in the issuance of 1,253,253 Retail Offer Shares at a price of 31 pence per share.

The Clawback Placing Shares and a portion of the Subscription Shares will be clawed back in the aggregate amount of 1,253,253 Ordinary Shares in order to satisfy the Retail Offer. Accordingly, the Company has conditionally raised total gross proceeds of approximately £39.3 million in aggregate by way of the Placing, Subscription and the Retail Offer.

Application will be made to London Stock Exchange plc for admission of the Retail Offer Shares to trading on AIM ("Admission"). Subject to the satisfaction of the Fundraising Conditions, it is expected that Admission will become effective and dealings in the Retail Offer Shares, the Placing Shares and the Subscription Shares will commence at 8:00 a.m. on 26 November 2024.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Fundraising Announcements unless the context provides otherwise.