Results of the cash dividend and the scrip distribution alternative Woolworths Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1929/001986/06) Share code: WHL ISIN: ZAE000063863 (“WHL” or the “Company”) RESULTS OF THE CASH DIVIDEND AND THE SCRIP DISTRIBUTION ALTERNATIVE WHL shareholders (“Shareholders”) are referred to the announcements released by WHL on the Stock Exchange News Service of the JSE Limited on 11 February 2016 and 19 February 2016 relating to the interim gross cash dividend (“Cash Dividend”) of 133.0 cents (113.05 cents net of dividend withholding tax) per WHL ordinary share. As an alternative, Shareholders were entitled to elect to receive a capitalisation issue alternative (“Scrip Distribution Alternative”), in respect of all or part of their shareholding, by way of an issue of fully paid WHL ordinary shares of no par value. Shareholders who did not elect to receive the Scrip Distribution Alternative in respect of all or part of their shareholding were, by default deemed to have elected to receive the Cash Dividend. Shareholders holding 18,1% of WHL ordinary shares elected to receive the Scrip Distribution Alternative, with the balance of Shareholders receiving the Cash Dividend. Accordingly, 2 920 865 WHL ordinary shares will be issued today to those Shareholders who elected to receive the Scrip Distribution Alternative. A gross Cash Dividend of R 1 135 087 744 will be paid today to those Shareholders who were, by default deemed to have elected to receive the Cash Dividend. Ordinary share certificates or dividend cheques will be posted today, and electronic funds transfers, CSDP or broker accounts will be credited/updated today. Cape Town 7 March 2016 Transaction Sponsor The Standard Bank of South Africa Limited Legal advisor Webber Wentzel Date: 07/03/2016 08:00:00 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.