<SEC-DOCUMENT>0001140361-18-030814.txt : 20180702
<SEC-HEADER>0001140361-18-030814.hdr.sgml : 20180702
<ACCEPTANCE-DATETIME>20180702065019
ACCESSION NUMBER:		0001140361-18-030814
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180702
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180702
DATE AS OF CHANGE:		20180702

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIGNET JEWELERS LTD
		CENTRAL INDEX KEY:			0000832988
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0129

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32349
		FILM NUMBER:		18931054

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		44-207-317-9700

	MAIL ADDRESS:	
		STREET 1:		C/O 15 GOLDEN SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1F9JG

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIGNET GROUP PLC
		DATE OF NAME CHANGE:	19931213

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RATNERS GROUP PLC
		DATE OF NAME CHANGE:	19931213
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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      <div style="text-align: center; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">UNITED STATES</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSIO</font><font style="font-size: 14pt;">N</font></font></div>
      <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">FORM 8-K</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CURRENT REPORT</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date of Report (Date of earliest event reported): July 2, 2018</font></div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 24pt;"><font style="font-family: &quot;Times New Roman&quot;;">SIGNET JEWELERS LIMITED</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Exact name of registrant as specified in its charter)</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Commission File Number: 1-32349</font></div>
      <div><br>
      </div>
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            <td style="width: 50%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Bermuda</font></div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Not Applicable</font></div>
            </td>
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            <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(State or other jurisdiction of incorporation)</font></div>
            </td>
            <td style="width: 50%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(IRS Employer Identification No.)</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Clarendon House</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2 Church Street</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Hamilton</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">HM11</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Bermuda</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Address of principal executive offices, including zip code)</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(441) 296 5872</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Registrant&#8217;s telephone number, including area code)</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Former name or former address, if changed since last report)</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
          following provisions:</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR
          230.425)</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
          240.14a-12)</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
          CFR 240.14d-2(b))</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
          CFR 240.13e-4(c))</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of
          this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). Emerging growth company <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
          revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: 'Times New Roman';">&#9744;</font></font></div>
      <font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
      </font>
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          <table cellspacing="0" cellpadding="0" id="z22cf8f5f5c43428b881221533e8c14c8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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                <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 8.01</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Other Events</font></div>
                </td>
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          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On July 2, 2018, Signet Jewelers Limited (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Signet</u></font>&#8221;) announced the completion
          of its previously announced strategic outsourcing of its non-prime credit card receivables through a sale of its existing non-prime receivables and implementation of a forward flow purchase arrangement for future non-prime receivables. At
          closing, Signet sold 70 percent of its existing non-prime receivables to funds managed by CarVal Investors and the remaining 30 percent to funds managed by Castlelake, L.P. The purchase price is $445.5 million in cash proceeds from the sale of
          existing non-prime receivables excluding transaction costs, net of a 5 percent holdback.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Signet issued a press release relating to the closing. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference
          herein.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8d275659ba5d442fafe50bcba34ba223" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;">

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                <td style="width: 72pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item 9.01</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Financial Statements and Exhibits</font></div>
                </td>
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                <td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">(d)</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibits</font></div>
                </td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit Number</font></div>
            </td>
            <td style="width: 92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
            </td>
          </tr>
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            <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
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            <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.1*</font></div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Press Release, dated July 2, 2018</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">*Filed herewith</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 27pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
          behalf by the undersigned hereunto duly authorized.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z8b97eca6f39745bb849f077bcef8a01e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;">

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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(255, 255, 255);" colspan="2">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SIGNET JEWELERS LIMITED</font></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date: July 2, 2018</font></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By:</font></div>
            </td>
            <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Lynn Dennison</font></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font></div>
            </td>
            <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Lynn Dennison</font></div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font></div>
            </td>
            <td style="width: 45%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Chief Legal &amp; Transformation Officer</font></div>
            </td>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">EXHIBIT INDEX</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z43e5f28567ef4aedb8e2ac4e1151de5d" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;">

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            <td style="width: 8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit Number</font></div>
            </td>
            <td style="width: 92%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
            </td>
          </tr>
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            <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
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            <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><a href="ex99_1.htm"><font style="font-size: 10pt; font-family: 'Times New Roman';">99.1*</font></a></div>
            </td>
            <td style="width: 92%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Press Release, dated July 2, 2018</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">*Filed herewith</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div><br>
      </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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      <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;"> Exhibit 99.1<br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Signet Jewelers Completes Strategic Outsourcing of Credit Portfolio</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Completes Sale of Existing Non-Prime Receivables and Implements Forward-Flow Non-Prime Receivables Purchase
          Arrangement</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Continues to Expect $475 million in Share Repurchases in Fiscal 2019</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">HAMILTON, Bermuda, July 2, 2018 &#8211; Signet Jewelers Limited (&#8220;Signet&#8221;) (NYSE:SIG), the world&#8217;s largest retailer of diamond jewelry, announced today the
          completion of the final phase of its strategic outsourcing of credit through the sale of its existing non-prime receivables and implementation of a forward flow purchase arrangement for future non-prime receivables with funds managed by CarVal
          Investors and Castlelake, L.P.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">With the closing of this transaction, Signet has transitioned to a fully outsourced credit structure while maintaining a full spectrum of category-leading
          financing and lease options for consumers. The outsourced credit structure allows the company to enhance its strategic and operational focus on its core jewelry retail business as it executes the Signet Path to Brilliance transformation plan. In
          addition, the sale of the credit accounts receivable</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> significantly</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> reduces Signet&#8217;s balance sheet risk and
          lowers working capital needs, as well as enabling the company to return significant capital to shareholders.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">At closing, Signet sold 70 percent of its existing non-prime receivables to funds managed by CarVal Investors and the remaining 30 percent to funds managed
          by <font style="font-size: 10pt; font-family: 'Times New Roman';">Castlelake, L.P</font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font> Under the previously announced agreements, CarVal and Castlelake will also purchase
          newly originated receivables arising from Signet&#8217;s non-prime accounts at a discount rate as determined in the agreements. Investment funds managed by CarVal Investors will purchase 70 percent of the forward flow non-prime receivables and funds
          managed by Castlelake L.P. will purchase 30 percent of the forward flow non-prime receivables.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Signet received $445.5 million in cash proceeds from the sale of existing non-prime receivables excluding transaction costs, net of a 5 percent holdback.
          The holdback may be paid out at the end of two years depending on the performance of such receivables in that period. The company expects to use the proceeds, along with cash on hand, to repurchase shares. Signet continues to expect to repurchase
          $475 million in shares in Fiscal 2019 of which $60 million was repurchased in the first quarter of Fiscal 2019.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The sale of the non-prime portion of Signet&#8217;s credit portfolio follows the previously executed prime credit transaction and strategic partnership with ADS,
          the implementation of our lease financing option through Progressive Leasing, and the outsourcing of the servicing of the non-prime credit program to Genesis Financial Solutions, Inc.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">There are no customer or store-facing systems integration activities required of Signet with respect to this transaction and the Company does not expect any
          changes to the current credit application process for non-prime customers.</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">About Signet</font></div>
      <div><br>
      </div>
      <div style="text-align: left;">
        <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Signet Jewelers Limited is the world's largest retailer of diamond jewelry.&#160; Signet operates over 3,500 stores primarily under the name brands of Kay
            Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Further information on Signet is available at <u><font style="font-size: 10pt; font-family: 'Times New Roman';">www.signetjewelers.com</font></u>.
            See also<font style="font-size: 10pt; font-family: 'Times New Roman';">&#160;</font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">http:/www.kay.com</font></u>, <u><font style="font-size: 10pt; font-family: 'Times New Roman';">http://www.zales.com</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">, </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">http://www.jared.com</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">, </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">http://www.hsamuel.co.uk</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">, </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">http://www.ernestjones.co.uk</font></u><font style="font-size: 10pt; font-family: 'Times New Roman';">, </font><u><font style="font-size: 10pt; font-family: 'Times New Roman';">http://www.peoplesjewellers.com</font></u>, <u><font style="font-size: 10pt; font-family: 'Times New
                Roman';">http://www.pagoda.com</font></u>, and <u><font style="font-size: 10pt; font-family: 'Times New Roman';">www.jamesallen.com</font></u>.</font></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">About CarVal Investors</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since
          1987, CarVal has invested $104 billion in 5,300 transactions across 79 countries. CarVal Investors employs over 160 people in the U.S., Europe and Asia, including 73 investment professionals with specialization in distressed corporate securities,
          liquidations, loan portfolios and structured credit. For more information, please visit <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>www.carvalinvestors.com</u></font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">About Castlelake</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Castlelake, L.P. is a global private investment firm focused on investments in alternative assets, sub-performing notes, dislocated industries and special
          situations, and is an experienced leader in aircraft ownership and servicing. With primary offices in Minneapolis and London, the Castlelake team comprises more than 130 professionals. As of March 31, 2018, Castlelake manages private funds and
          debt vehicles with approximately $13 billion in <font style="font-size: 10pt; font-family: 'Times New Roman';">assets, on behalf of its investors, including endowments, foundations, public and private pension plans, private funds, family
            offices, insurance companies and sovereign wealth funds. For more information, please visit </font><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>www.castlelake.com</u></font><font style="font-size: 10pt; font-family: 'Times
            New Roman';">.</font></font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
          </font></font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Signet Safe Harbor</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This release contains statements which are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These
          statements, based upon management&#8217;s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, among other things,
          Signet&#8217;s results of operation, financial condition, liquidity, prospects, growth, strategies and the industry in which Signet operates. The use of the words &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;anticipates,&#8221; &#8220;estimates,&#8221; &#8220;predicts,&#8221; &#8220;believes,&#8221; &#8220;should,&#8221;
          &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;forecast,&#8221; &#8220;objective,&#8221; &#8220;plan,&#8221; or &#8220;target,&#8221; and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a
          number of risks and uncertainties, including but not limited to, our ability to implement Signet's transformation initiative, the effect of federal tax reform and adjustments relating to such impact on the completion of our quarterly and year-end
          financial statements, changes in interpretation or assumptions, and/or updated regulatory guidance regarding the U.S. tax reform, the benefits and outsourcing of the credit portfolio sale including technology disruptions, future financial results
          and operating results, the impact of weather-related incidents on Signet&#8217;s business, the benefits and integration of R2Net, general economic conditions, potential regulatory changes or other developments following the United Kingdom&#8217;s announced
          intention to negotiate a formal exit from the European Union, a decline in consumer spending, the merchandising, pricing and inventory policies followed by Signet, the reputation of Signet and its brands, the level of competition in the jewelry
          sector, the cost and availability of diamonds, gold and other precious metals, regulations relating to customer credit, seasonality of Signet&#8217;s business, financial market risks, deterioration in customers&#8217; financial condition, exchange rate
          fluctuations, changes in Signet&#8217;s credit rating, changes in consumer attitudes regarding jewelry, management of social, ethical and environmental risks, the development and maintenance of Signet&#8217;s omni-channel retailing, security breaches and
          other disruptions to Signet&#8217;s information technology infrastructure and databases, inadequacy in and disruptions to internal controls and systems, changes in assumptions used in making accounting estimates relating to items such as extended
          service plans and pensions, risks related to Signet being a Bermuda corporation, the impact of the acquisition of Zale Corporation on relationships, including with employees, suppliers, customers and competitors, an adverse decision in legal or
          regulatory proceedings, deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets or intangible assets or other adverse financial consequences,
          including tax consequences related thereto, especially in view of the Company&#8217;s recent market valuation and our ability to successfully integrate Zale Corporation&#8217;s operations and to realize synergies from the transaction.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">For a discussion of these and other risks and uncertainties which could cause actual results to differ materially from those expressed in any
          forward-looking statement, see the "Risk Factors" section of Signet's Fiscal 2018 Annual Report on Form 10-K filed with the SEC on April 2, 2018 and quarterly reports on Form 10-Q filed with the SEC. Signet undertakes no obligation to update or
          revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Investors:</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Randi Abada</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">SVP Corporate Finance Strategy &amp; Investor Relations</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">randi.abada@signetjewelers.com</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">+1 330 668 3489</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Media:</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">David Bouffard</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">VP Corporate Affairs</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">david.bouffard@signetjewelers.com</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">+1 330 668 5369</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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