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Sports Direct on track for EBITDA of at least £150m

Sports Direct trading levels since July are ahead of last year.

CITY & CORPORATE

Sports Direct on track for EBITDA of at least £150m

UK retail opened 5 new stores including 3 Field &Trek stores, and closed 2 stores, one of which was
a relocation. International retail opened a store in both Belgium and Slovenia and closed a smaller store in each of those countries.

Dave Forsey, Chief Executive said: 'The Board is pleased with the progress made in the year to date. Group revenue for the 13 weeks ended 26 July 2009 increased 10% to 375m (2008: 336m) and the corresponding Group gross profit increased to 157m (2008: 150m).

'Since the end of July, trading has continued to be ahead of last year and we are very comfortable with our expectation of reducing net debt to below 400 million. The Board now expects, at current exchange rates, to achieve underlying EBITDA of at least 150 million this financial year.'

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