Change of effective date of share repurchase agreement THE FOSCHINI GROUP LTD Reg. No.: 1937/009504/06 Code : TFG ISIN : ZAE000148466 Change of effective date of share repurchase agreement As announced on 3 September 2012, shareholders of the Company approved a specific share repurchase at the Company’s Annual General Meeting held on 3 September 2012. Shareholders were also advised on 3 September 2012 that the boards of directors of the group companies concerned had entered into a share repurchase agreement and that the agreement provides for an effective date of 30 November 2012, but that the parties to the agreement could change the effective date as agreed in writing. The parties have entered into an addendum to the agreement amending the effective date to 28 February 2013 but this date may again be changed by the parties in writing. The reason for the change of effective date is that the boards of directors of the group companies concerned do not yet have clarity on the final terms of the Taxation Laws Amendment Bill, 2012, which could have an impact on the transaction. The addendum does not vary the commercial terms of the share repurchase agreement and will have no financial impact on the Company. Cape Town 30 November 2012 SPONSOR: UBS South Africa Pty Ltd Date: 30/11/2012 04:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.