Trading update: 20 weeks to 16 November 2014 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 (“the Group”) TRADING UPDATE: 20 WEEKS TO 16 NOVEMBER 2014 The Group has issued this trading update in anticipation of its Annual General Meeting to be held on 26 November 2014. Group sales increased by 47.5% for the first 20 weeks of the 2015 financial year over the comparable 20-week period in 2014. Excluding the impact of David Jones, Group sales grew by 11.9%. Clothing sales in South Africa increased by 8.8% and by 3.4% in comparable stores, notwithstanding a significantly lower clearance sale in August. Retail space, including stores in the rest of Africa, grew by 7.1% (net of closures and excluding franchise conversions). General merchandise sales increased by 7.2% and by 2.6% in comparable stores. Food sales increased by 13.3%, with a price movement of 9.3%. Sales in comparable stores grew by 7.9%. Retail space, including stores in the rest of Africa, grew by 11.1% (net of closures and excluding franchise conversions). Country Road Group sales in Australia and New Zealand increased by 7.9%, in Australian dollar terms. Sales in comparable stores grew by 5.8% and net space grew by 5.1%. Country Road Group’s South African sales are included in the South African clothing figures. David Jones sales are included from the effective date of the acquisition on 1 August 2014. For comparability, sales increased by 1.6%, in Australian dollar terms. Sales in comparable stores grew by 0.1% and net space grew by 5.4%. The Woolworths Financial Services debtors’ book reflected year-on-year growth of 9.4% at the end of October 2014, with the annualised impairment rate for the four months to 31 October 2014 at 5.2% (four months to 31 October 2013: 5.0%). Shareholders are advised that the financial information contained in this announcement has not been audited, reviewed or reported upon by the Group’s external auditors. The Group’s interim results for the 26-week period to 28 December 2014 are scheduled to be announced on or about 12 February 2015. Contact: Ian Moir (Group Chief Executive Officer) on 021 407 2809 Reeza Isaacs (Group Finance Director) on 021 407 2464 InvestorRelations@woolworths.co.za Cape Town 20 November 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/11/2014 07:05:00 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.