<div id="readability-page-1"><div>RNS Number : 8755K Frasers Group PLC 09 December 2025 FRASERS GROUP PLCNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with themFrasers Group plc (the &#34;Company&#34;) has been notified on 9 December 2025 by MASH Beta Ltd (&#34;MASH Beta&#34;), a company through which Mike Ashley holds shares in the Company, that MASH Beta has granted a pledge in favour of HSBC Bank plc over 103,572,688 Ordinary Shares in the Company, representing approximately 23.0% of the Company's issued share capital (excluding shares held in treasury), as security for amounts which may be due from time to time under a personal bank lending facility. Mike Ashley remains the beneficial owner of the Ordinary Shares subject to the pledge and retains full voting rights over these shares.<div><table><tbody><tr><td>1.</td><td colspan="3">Details of the person discharging managerial responsibilities / person closely associated</td></tr><tr><td>a)</td><td>Name of natural person / Legal person</td><td colspan="2">MASH Beta Limited (Private Limited Company)</td></tr><tr><td>2.</td><td colspan="3">Reason for the Notification</td></tr><tr><td>a)</td><td>Position/status</td><td colspan="2">PCA with Michael Ashley, PDMR</td></tr><tr><td>b)</td><td>Initial notification/amendment</td><td colspan="2">Initial Notification</td></tr><tr><td>3.</td><td colspan="3">Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor</td></tr><tr><td>a)</td><td>Full name of the entity</td><td colspan="2">Frasers Group PLC</td></tr><tr><td>b)</td><td>LEI code</td><td colspan="2">213800JEGHHEAXIJDX34</td></tr><tr><td>4.</td><td colspan="3">Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted</td></tr><tr><td rowspan="2">a)</td><td>Description of the Financial instrument, type of instrument</td><td colspan="2">Share</td></tr><tr><td>Identification code</td><td colspan="2">GB00B1QH8P22</td></tr><tr><td>b)</td><td>Nature of the Transaction</td><td colspan="2">Pledge in favour of HSBC Bank plc over 103,572,688 Ordinary Shares in the Company, representing approximately 23.0% of the Company's issued share capital (excluding shares held in treasury), as security for amounts which may be due from time to time under a personal bank lending facility.</td></tr><tr><td>c)</td><td>Currency</td><td colspan="2">GBP - British Pound</td></tr><tr><td>d)</td><td>Price(s) and volume(s)</td><td>Price(s)£0.00</td><td>Volume(s)103,572,688</td></tr><tr><td>e)</td><td>Aggregated informationAggregated volume Price</td><td colspan="2">Aggregated Volume 103,572,688Price £0.00</td></tr><tr><td>f)</td><td>Date of the transaction</td><td colspan="2">09 December 2025</td></tr><tr><td>g)</td><td>Place of the transaction</td><td colspan="2">Outside a trading venue</td></tr></tbody></table></div>This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END DSHFSMFDUEISEDE</div></div>

FRAS

Frasers Group PLC announced that MASH Beta Ltd, through which Mike Ashley holds shares, has pledged 103,572,688 Ordinary Shares (23% of the company's issued share capital) to HSBC Bank as security for a personal bank lending facility. Mike Ashley retains beneficial ownership and voting rights over these shares. This transaction was notified on 9 December 2025.

REG - Frasers Group PLC - Director/PDMR Shareholding