Sports Direct International : Review of Corporate Governance

Released: 13 January 2017

Sports Direct International Plc

13 January 2017

SPORTS DIRECT INTERNATIONAL PLC ('Sports Direct' or 'the Company')

REVIEW OF CORPORATE GOVERNANCE

The Board has decided, following careful reconsideration of all options, that the '360 review' of corporate governance announced on 6 and 20 September 2016 will be led by RPC, who adopted the highest standards in delivering the Working Practices Report.

This decision has been taken in the light of recent frustrations over delays in appointing an independent party other than RPC to lead the review. These delays were due to the fact that we have twice accepted candidates who were put forward to chair the review by the Investor Forum, only for those candidates to subsequently be withdrawn.

We believe any further delays would place an unreasonable burden on the business at a time when the Company should be fully focused on delivering its strategic priorities as we build towards our medium and long term aspiration to become the 'Selfridges' of sports retail.

In the meantime, we will continue to strive to make further positive progress by engaging with shareholders in line with our Engagement Statement, the current version of which is available on the Company's corporate website.

As previously stated, an external evaluation of the Board is planned for later this financial year.

Ends.