Sale of Market Street property in Sydney and relocation of David Jones head office Woolworths Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1929/001986/06) Share code: WHL ISIN: ZAE000063863 (“the company”) SALE OF MARKET STREET PROPERTY IN SYDNEY AND RELOCATION OF DAVID JONES HEAD OFFICE The Board of Directors of Woolworths Holdings Limited is pleased to announce the A$360 million (R3.8 billion) sale of its Market Street property in Sydney to Australia’s Scentre Group. Up to A$200 million (R2.1 billion) of the sale proceeds will be used to develop the adjacent Elizabeth Street building to create a world-class 39,000m2 department store on 11 levels, offering the best of fashion and food available in the southern hemisphere. A three year lease-back of the Market Street building will ensure that the redevelopment will occur in coordinated phases (commencing in the second half of 2017) with limited disruption to David Jones’ customers. The redevelopment is expected to be completed in the second half of 2019. The David Jones Head Office, currently housed within the two Sydney buildings, will be relocated to Melbourne and consolidated onto a new campus with the Group’s other Australian subsidiary, Country Road Group. The company expects co-location to deliver synergies and productivity benefits of at least A$10 million per annum from 2019, from a reduction in property, procurement, off-site facility and travel costs and the consolidation of external services. The company has also worked closely with the Victorian Government to structure a range of incentives to offset the cost of the re-location. Cape Town 8 August 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/08/2016 08:16:00 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.