Announcement in respect of the trading update released on 31 August 2016 Mr Price Group Limited (Registration number 1933/004418/06) Incorporated in the Republic of South Africa ISIN: ZAE000200457 JSE share code: MRP ("Mr Price Group" or "the Group" or "the Company") ANNOUNCEMENT IN RESPECT OF THE TRADING UPDATE RELEASED ON 31 AUGUST 2016 Shareholders are advised that, since the release of the trading update, the Company has received a number of requests for one-on-one meetings with shareholders and investors seeking additional information. Taking into account the provisions of the JSE Limited Listings Requirements and the Financial Markets Act 19 of 2012, the Company hereby advises that further communication will take place as detailed below. In order to ensure full, equal and timeous disclosure of information to all shareholders and investors, a conference call will be held at 17h00 on Tuesday, 13 September 2016. Interested parties are requested to please submit their questions relating to the trading update for the 18 weeks ended 6 August 2016 to hgrosvenor@mrpg.com by 17h00 on Wednesday, 7 September 2016. Management will endeavour to respond fully to these questions, but will not compromise information to be disclosed in its interim financial results for the six months ended 30 September 2016. Regrettably, one-on-one investor meetings will not be accommodated. To participate in the conference call, shareholders and investors are invited to pre-register via the link on the Group’s website at www.mrpricegroup.com/InvestorRelations/InvestorCalendar. Following the call, a recording will be published on the Group’s website at www.mrpricegroup.com/Investor Relations/Reports&Results. Durban 2 September 2016 Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 02/09/2016 11:22:00 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.