Released: 17/07/2006

Signet Group plc (“Signet” or the “Company”) announces today that it is commencing a buyback of its Ordinary Shares of 0.05p. The Shares will either be cancelled, or held in treasury.

The Company is targeting to return approximately £50 million before its fiscal year end on 3 February 2007.

Enquiries:

Tim Jackson +44 207 317 9711