Koovs plc (AIM: KOOV), the Western fashion experts for online Indian consumers, is pleased to announce that, further to the Company’s announcements on 7 March 2019 and 27 September 2018, following the granting of all necessary approvals in India, the Company has reached a binding agreement, part of it being subject to shareholder approval as referred to below, with Future Lifestyle Fashions Limited, part of Future Group, India’s largest retail group, on the mechanics for which FLFL will invest approximately a further £10.5 million into the Company.