WOOLWORTHS HOLDINGS LIMITED - Takeover bid for Country Road now unconditional

Takeover bid for Country Road now unconditional

WOOLWORTHS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
(“WHL”)


          TAKEOVER BID FOR COUNTRY ROAD NOW UNCONDITIONAL AND WILL NOT
                                  BE EXTENDED


WHL is pleased to announce that it has today received approval from the Australian
Foreign Investment Review Board for its takeover offer (“Offer”) (made via
Woolworths International (Australia) II Pty Ltd) for the remaining shares in Country
Road Limited (“Country Road”), of which details were released on the Stock
Exchange News Service of the JSE Limited on 24 June 2014.

Accordingly, the final outstanding condition to the Offer has been satisfied and the
Offer is now unconditional.

As at 7pm on 23 July 2014, WHL’s relevant interest in Country Road was 87.92%.

Upon WHL obtaining a relevant interest in Country Road shares of at least 90%,
WHL intends to proceed to compulsory acquisition of all outstanding Country Road
shares. Country Road shareholders who do not accept the Offer before the close of
the Offer and whose shares are subject to compulsory acquisition will not be paid
until at least September 2014.

It is expected that the Australian Securities Exchange will suspend quotation of
Country Road shares 5 business days after compulsory acquisition notices are sent.

Cape Town
25 July 2014

Investor contacts:

WHL
Ralph Buddle
Head of Corporate Projects
and Investor Relations
T: +27 21 407 3250
M: +27 83 412 4923


Media contacts:
WHL                           South Africa                   Australia
Susie Squire                  Brunswick                      Hintons
Head of Corporate Affairs &   Nic Bennett                    Angus Urquhart
PR                            T:+27 11 502 7300              T: +61 3 96001979
T:+27 21 407 7546             M:+27 71 442 2401              M: +61 402 575 684
M:+27 60 532 3999
                              Carol Roos                     Nerida Mossop
                              T:+27 11 502 7300              T: +61 3 96001979
                              M:+27 72 690 1230              M: +61 437 361 433


Financial advisers to WHL:                  Legal advisers to WHL:
Rothschild                                  Gilbert +Tobin
Standard Bank                               Webber Wentzel


Transaction Sponsors to WHL:                Independent Sponsors to WHL:
Standard Bank                               Rand Merchant Bank (a division of
                                            FirstRand Bank Limited)




                                                                                  

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