LONDON, July 17 /PRNewswire-FirstCall/ -- Signet Group plc ("Signet" or the "Company") announces today that it is commencing a buy back 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 pounds Sterling before its fiscal year end on 3 February 2007. Enquiries: Tim Jackson, Investor Relations Director +44 207 317 9711 Signet operated 1,837 speciality retail jewellery stores at 29 April 2006; these included 1,246 stores in the US, where the Group trades as "Kay Jewelers", "Jared The Galleria Of Jewelry" and under a number of regional names. At that date Signet operated 591 stores in the UK, where the Group trades as "H.Samuel", "Ernest Jones" and "Leslie Davis". Further information on Signet is available at http://www.signetgroupplc.com/. See also http://www.kay.com/, http://www.jared.com/, http://www.hsamuel.co.uk/ and http://www.ernestjones.co.uk/. DATASOURCE: Signet Group plc CONTACT: Tim Jackson, Investor Relations Director, +44-207-317-9711, for Signet Group plc Web site: http://www.signetgroupplc.com/

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