The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain

Shoe Zone plc

("Shoe Zone" or the "Company")

Trading Update

Shoe Zone is pleased to announce that since the publication of its trading update on 26 July 2022, trading has continued to exceed expectations due to continued strong demand for summer and back to school products throughout August. The Company also continues to benefit from the margin improvements as outlined in recent trading updates.

As a result, the Company now expects adjusted1 profit before tax for the financial year ending 2 October 2022 to be not less than £10.5m.

1 Adjusted to exclude the profit on the sale of freehold property and foreign exchange revaluations

For further information please call:

Shoe Zone PLC                                                                                      Tel: +44 (0) 116 222 3000

Anthony Smith (Chief Executive)

Terry Boot (Finance Director)    

Zeus (Nominated Adviser and Broker)                                                  Tel: +44 (0) 203 829 5000

David Foreman, James Hornigold, Guy Brinkley (Investment Banking)

Dominic King (Corporate Broking)