Sectors Shares

The Foschini Group Limited - Implementation Of Share Repurchase Agreement

Release Date: 19/09/2014 14:31
Code(s): TFG
 
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Implementation of share repurchase agreement

The Foschini Group Limited
Registration No. 1937/009504/06
Code: TFG
ISIN: ZAE000148466

Implementation of share repurchase agreement

As announced on 1 September 2014, shareholders of the Company approved a specific repurchase
of 11 000 000 ordinary shares from its subsidiary Foschini Stores (Proprietary) Limited at the
Company’s Annual General Meeting held on 1 September 2014. Shareholders are now advised that
the effective date of the specific repurchase is today, 19 September 2014 with a purchase price of
R 117.39 per share (being the weighted average traded price for the 30 business days prior to the
effective date). The total consideration of R1 291 290 000 will be discharged by way of inter-
company loans.

The Company will deal with the necessary formalities, including notifying the relevant regulatory
authorities as required by the Companies Act. As soon as practically possible the repurchased shares
will be cancelled and restored to authorised share capital.

Cape Town

19 September 2014

SPONSOR

UBS South Africa (Pty) Ltd

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