JV announcement

Joint Venture with Reliance Brands Holding UK Limited

Mothercare plc (“Mothercare” or the “Company”), the specialist global brand for parents and young children, is pleased to announce a new joint venture with Reliance Brands Holding UK Limited (“RBL UK”) (a wholly-owned subsidiary of Reliance Brands Limited) (“Reliance Brands”). The new joint venture entity owns the Mothercare brand and related intellectual property assets relating to regions of India, Nepal, Sri Lanka, Bhutan and Bangladesh, and will be the franchisor of the Mothercare brand in the aforesaid regions. RBL UK will hold a 51% stake in the joint venture company and Mothercare Global Brand Limited (a subsidiary of Mothercare) will hold the remaining 49% stake.