WHL - Woolworths Holdings - Acceptance of Shares in Terms of Employment Contract

WHL - Woolworths Holdings - Acceptance of Shares in Terms of Employment Contract
WOOLWORTHS HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1929/001986/06)                                            
Share code: WHL                                                                 
ISIN: ZAE000063863                                                              
ACCEPTANCE OF SHARES IN TERMS OF EMPLOYMENT CONTRACT                            
Shareholders are referred to the announcement dated 26 August 2009 advising that
Ian Moir will be appointed Managing Director Retail and Chief Executive Officer-
Elect of Woolworths Holdings Limited ("WHL"), effective 1 January 2010.         
As part of his service contract he is entitled to, and has accepted to, receive 
shares in WHL to the value of R20 million. These shares will be purchased on the
open market as soon as practicable, at the best market price. The shares will   
vest from year three with full vesting at the end of the five-year period on    
condition that he remains in the employment of Woolworths (Proprietary) Limited.
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                      :    Ian Moir                                     
Company                       :    Woolworths Holdings Limited                  
Nature of transaction         :    Acceptance of share awards                   
Class of securities           :    Award in respect of ordinary                 
shares                                                                          
Value of shares               :    R20 million                                  
Total value of transaction    :    R20 million                                  
Nature of director`s interest :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Cape Town                                                                       
30 September 2009                                                               
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 01/10/2009 07:05:01 Supplied by www.sharenet.co.za                     
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