WHL - Woolworths Holdings Limited - Results of Annual General Meeting and

WHL - Woolworths Holdings Limited - Results of Annual General Meeting and       
changes to the board of directors                                               
WOOLWORTHS HOLDINGS LIMITED                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number 1929/001986/06                                              
Share code: WHL ISIN: ZAE000063863                                              
("Woolworths" or "the company")                                                 
RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD OF DIRECTORS         
RESULTS OF THE ANNUAL GENERAL MEETING                                           
Shareholders are advised that, at the Annual General Meeting of                 
Woolworths held today, 17 November 2011, at which members holding 76.82%        
of the voting rights were represented, all the resolutions contained in         
the notice of the Annual General Meeting dated 10 October 2011 were             
passed, without modification, by the requisite majority votes, cast by          
way of poll in each case.                                                       
CHANGES TO THE BOARD OF DIRECTORS                                               
RETIREMENT OF CHAIRMAN                                                          
Buddy Hawton retired from the board of Woolworths at the conclusion of          
the Annual General Meeting after serving nine years as Chairman of the          
board.                                                                          
The board wishes to express its deep thanks to Buddy for the significant        
contribution that he has made to the company.                                   
APPOINTMENT OF CHAIRMAN                                                         
Simon Susman was re-elected as a non-executive director at the Annual           
General Meeting held earlier today. The board is pleased to confirm the         
appointment of Simon as non-independent Chairman of the board with              
immediate effect.                                                               
The board has considered the guiding principles of governance and King          
III and has applied them in a way considered to be in the best interest         
of the shareholders. The board is convinced that the benefits gained from       
having Simon as Chairman are significant and that the break of a year           
from being the Group chief executive officer, together with the structure       
in place around the lead independent director, will provide the company         
and the shareholders with the appropriate level of governance.                  
APPOINTMENT OF LEAD INDEPENDENT DIRECTOR                                        
The board is pleased to confirm the appointment of Tom Boardman as the          
lead independent director with immediate effect.                                
APPOINTMENT OF DIRECTOR                                                         
The board of Woolworths is pleased to announce that Zarina Bassa has been       
appointed as a director of the company in a                                     
non-executive capacity, with effect from 17 November 2011.                      
GROUP CHIEF EXECUTIVE OFFICER                                                   
Ian Moir, the Group chief executive officer, has a three year service           
contract which expires on 31 December 2012, subject to an option by the         
company to extend it for further two years.                                     
The board is pleased to announce that it has exercised its option to            
extend Ian`s contract with the company until                                    
31 December 2014.                                                               
Cape Town                                                                       
17 November 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/11/2011 14:28:04 Supplied by www.sharenet.co.za                     
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