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Company meetings archive

Annual General Meeting 2009 results

The Board of Next plc is pleased to announce that, at the AGM of Next shareholders held on 19 May 2009, all resolutions as set out in the Notice of Meeting contained in the Annual Report and Accounts for the year ended 24 January 2009 were passed. All resolutions were put to the meeting and approved on a poll and results are detailed below.

The total number of shares in issue at the date of the AGM is 197,096,687.

        For       Against       Total votes cast   Votes
withheld1
Resolution   Special /
Ordinary		   No. of
votes		   %   No. of
votes		   %   No. of votes   No. of
votes
1. To adopt the accounts and reports of the directors and auditors   Ordinary    133,307,991   99.99    10,885    0.01   133,318,876    1,811,471
2. To approve the remuneration report   Ordinary    102,136,261    82.04   22,353,217     17.96    124,489,478   10,640,868
3. To declare a final ordinary dividend of 37p per share   Ordinary    133,229,536   99.99     10,693    0.01    133,240,229    1,890,118
4. To re-elect Christos Angelides as a director   Ordinary    132,994,663    99.76   315,575    0.24    133,310,238    1,820,109
5. To re-elect John Barton as a director   Ordinary    132,330,343    99.34   876,494   0.66    133,206,837   1,923,509
6. To re-appoint Ernst & Young LLP as auditors and authorise the directors to set their remuneration   Ordinary    133,289,225    99.98   33,027   0.02   133,322,252    1,808,095
7. To approve the Next 2009 Sharesave Plan   Ordinary    133,166,909    99.9    133,457    0.10    133,300,366    1,829,981
8. To approve the Next Risk/Reward Investment Plan   Ordinary    120,754,164    90.7    12,375,676    9.30    133,129,840    2,000,506
9. Authority to allot shares   Ordinary    128,578,119   96.53    4,627,364    3.47    133,205,483    1,924,863
10. Authority to disapply pre-emption rights   Special    133,253,373    99.97   46,501    0.03    133,299,874    1,830,473
11. Authority for on-market purchase of own shares   Special    130,667,751    99.35    851,817   0.65   131,519,568    3,610,778
122. Authority to enter into Programme Agreements with each of Goldman Sachs International, UBS AG, Deutsche Bank AG and Barclays Bank plc   Special    125,072,220     94.98    6,606,635     5.02    131,678,855    3,451,491
Less votes disregarded under the provisions of Section 164(5) of the Companies Act 1985       (9,800,000)2       -       (9,800,000)2   -
Resolution 12 total        115,272,220    94.58        5.42    121,878,855    
13. To authorise the calling of general meeting (other than annual general meetings) on 14 clear days' notice   Special    129,501,841    97.20    3,730,027    2.80    133,231,868    1,898,479

Note1: The ‘Vote Withheld’ option is provided to enable the shareholder to abstain on any resolution. It is not a vote in law and is not counted in the calculation of the proportion of votes for and against a resolution.

Note2: The total maximum number of Ordinary Shares which may be purchased by Next for cancellation pursuant to such contingent purchase contracts is 9.8 million. As explained in the Notice of Meeting, Next has disregarded 9.8 million votes from both the total number of votes cast in favour of the resolution and the total votes cast so that the voting of those shares did not affect the result of the poll.