REG - Kingfisher PLC - Completion of sale of Brico Dépôt Romania

KingfisherAnnouncement

Yesterday 16:30

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RNS Number : 3074H  Kingfisher PLC  02 May 2025

Completion of sale of Brico Dépôt Romania

Further to the announcement of 18 December 2024, Kingfisher plc, the
international home improvement company, today announces that it has completed
the sale of its Brico Dépôt Romania business to Altex Romania for an
enterprise value of €70m (equivalent to £59m(1)).

Thierry Garnier, Kingfisher CEO, said:

"The sale of Brico Dépôt Romania, now completed, enables us to have greater
strategic focus on markets and growth initiatives where we are strongly
positioned to deliver attractive returns and create shareholder value. It also
allows us to continue to provide our Own Exclusive Brands to customers in
Romania.

"I would like to thank all Brico Dépôt Romania colleagues for their
commitment and customer focus over the years and I wish them well under the
new ownership."

Enquiries:

 Investor Relations                       +44 (0) 20 7644 1082  investorenquiries@kingfisher.com (mailto:investorenquiries@kingfisher.com)
 Media Relations                          +44 (0)7773 129 567   corpcomms@kingfisher.com (mailto:corpcomms@kingfisher.com)
 Company Secretary                        +44 (0)7768 806 248   secretariat@kingfisher.com (mailto:secretariat@kingfisher.com)

Notes to Editors

1.         Figures presented in GBP use the following exchange rate:
EUR 1.18: GBP1.00

About Kingfisher

Kingfisher plc is an international home improvement company with over 1,900
stores, supported by a team of c.74,000 colleagues. We operate in seven
countries across Europe under retail banners including Screwfix, B&Q,
Castorama, Brico Dépôt, TradePoint and Koçtaş. We offer home improvement
products and services to consumers and trade professionals who shop in our
stores and via our e-commerce channels www.kingfisher.com
(http://www.kingfisher.com)

Better Homes. Better Lives. For Everyone. At Kingfisher, we believe a better
world starts with better homes and we strive to help make that happen.

About Altex Romania

Altex is a leading retail company in Romania, with over 130 stores nationwide.
Over more than three decades since its establishment, Altex has grown from a
local television import business into the market leader for electronics, home
appliances, IT&C, and multimedia products in Romania. From the very
beginning, Altex has been committed to offering high-quality products tailored
to consumer needs and providing accessible financing solutions. The "2X the
Difference" service, compared to other online or offline stores, guarantees
customers the lowest price in Romania.

Over time, Altex has expanded not only its product range but also its
services. To support customers in accessing financing, Altex established
Credex, a consumer credit company that provides optimal financing solutions
with low-interest rates for purchases made both online and across its national
store network.

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