Preference dividend announcement THE FOSCHINI GROUP LIMITED Reg.No: 1937/009504/06 Code: TFGP ISIN: ZAE000148516 PREFERENCE DIVIDEND ANNOUNCEMENT Dividend no. 159 of 3,25% (6,5 cents per share) (gross) in respect of the six months ending 30 September 2016 has been declared from income reserves, payable on Monday, 26 September 2016 to holders of 6,5% preference shares recorded in the books of the company at the close of business on Friday, 23 September 2016. The last day to trade (“cum” the dividend) in order to participate in the dividend will be Tuesday, 20 September 2016. The Foschini Group Limited preference shares will commence trading “ex” the dividend from the commencement of business on Wednesday, 21 September 2016 and the record date, as indicated, will be Friday, 23 September 2016. Preference shareholders should take note that share certificates may not be dematerialised or rematerialised during the period Tuesday, 20 September 2016 to Friday, 23 September 2016, both dates inclusive. In terms of section 11.17 of the JSE Listings Requirements, the following additional information is disclosed: 1) Local dividend tax rate is 15%; 2) The withholding tax, if applicable at the rate of 15%, will result in a net cash dividend per share of 5,52500 cents; 3) The issued preference share capital of The Foschini Group Limited is 200 000 shares at 26 May 2016; and 4) The Foschini Group Limited’s tax reference number is 9925/133/71/3P. Cape Town 26 May 2016 SPONSOR UBS South Africa (Pty) Ltd Date: 26/05/2016 05:12:00 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.