REG-Statement re Australia

Wed Jan 30, 2013 2:12am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link below:

Update on Australia

Following the deterioration of trading conditions in Australia, as announced in November 2012, a
decision was taken by our associate Mothercare Australia Limited1 to sell its Mothercare and Early
Learning Centre businesses to The Myer Family Company Holdings Pvt Ltd. These discussions have
ended inconclusively and Mothercare Australia Limited1 has been placed into administration.

In November 2012, Mothercare plc made a provision of £10.6 million, covering the remaining value
of its investment in and other receivables due from Mothercare Australia Limited1. Since then
receivables from Mothercare Australia Limited1 have been tightly controlled on short payment

Mothercare Australia Limited1 accounts for circa 7% of International retail sales. The expected
profit impact is minimal and does not change our overall view of International profitability going

Apart from the information contained in this update, there has been no significant change to the
financial position of the Company.

Note 1: Mothercare Australia Limited is a separate entity in which the UK quoted company
Mothercare plc has an indirect minority stake.

Enquiries to:
Mothercare plc
Ramona Tipnis, Director of Investor Relations                 01923 206455

Tulchan Communications
Katharine Wynne & Susanna Voyle                               020 7353 4200


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Mothercare Plc via Thomson Reuters ONE


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.