PCO Intention to participate in IBEX Group placement of Pepco Group shares

Pepco Group N.V. (“Pepco Group”), a leading pan-European variety discount retailer, announces, following the announcement by its majority 72% shareholder, IBEX Group ("IBEX" together with its subsidiaries including “IBEX Retail Investments (Europe) Limited”) that it intends to offer for sale through IBEX Retail Investments (Europe) Limited (the "Seller") approximately 42 million ordinary shares in the capital of Pepco Group by way of an accelerated bookbuilding process (the "Placement"), that Pepco Group intends to take part in the Placement by repurchasing up to a maximum total value of €50 million, which will be funded through existing cash reserves.