MR PRICE GROUP LIMITED - Closed period share repurchase programme

Closed period share repurchase programme

Mr Price Group Limited
(Registration number 1933/004418/06)
Incorporated in the Republic of South Africa
ISIN: ZAE 000026951
JSE share code: MPC
(“Mr Price” or “the Company”)

CLOSED PERIOD SHARE REPURCHASE PROGRAMME

In compliance with the JSE Limited (“JSE”) Listings Requirements,
shareholders are advised that Mr Price has entered into a
repurchase programme to repurchase shares during its closed period
(“repurchase programme”). This is in terms of an ongoing
programme to buy shares on the open market to satisfy the
obligations of the various share schemes the company has in
operation. The closed period commences on 1 April 2013 (although
the Company considers itself to be in a closed period from 12
March 2013) and ends on 22 May 2013, when the Company’s results
are scheduled to be released on SENS.

In terms of the repurchase programme, the broker has been mandated
to repurchase the Company`s shares in respect of up to 5% of the
daily traded volume of the Company’s shares on the JSE on any
particular day and at prices equivalent to the volume weighted
average traded price of the Company’s shares over the relevant
day, subject to a maximum price equivalent to the closing share
price on 7 March 2013 of R115 per share. The repurchase programme
will terminate once repurchases to the value of R100 million have
been effected.

Any repurchases will be effected within certain pre-set parameters
of the repurchase programme and the JSE Listings Requirements of
the JSE Limited.


Durban
8 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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