MR PRICE GROUP LIMITED - Appointment of a director to the board

Appointment of a director to the board

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”)

APPOINTMENT OF A DIRECTOR TO THE BOARD

Mr Price Group hereby announces the appointment of an additional director to the board of directors (“Board”). Mr
Mark Bowman has, with immediate effect, been appointed as an independent non-executive director. His
appointment comes as the Board seeks to refresh its membership and strengthen its international skills base.

Mr Bowman, a BCom Finance (Economics and Business Economics) graduate with an MBA from the University of
Cape Town, has twenty years’ experience with SABMiller plc (“SABMiller”). During his career with the brewer he
has been involved in various areas across the retail beverage operation including logistics and planning, production,
corporate strategy and IT. He served as Managing Director (“MD”) of the Polish operation before being appointed
MD of SABMiller Africa in October 2007. The Africa operations span 17 countries and during Mr Bowman’s tenure
as MD, considerable investment was made into developing 10 new breweries and entering new markets. Anheuser-
Busch InBev completed the takeover of SABMiller in October 2016, placing their executive in charge of Africa. Mr
Bowman will support with the transition over a 12 month period.

Mr Bowman’s retail experience is further enhanced through his non-executive directorships with Tiger Brands Limited
and Dis-Chem Pharmacies Limited.

In compliance with the Companies Act (71 of 2008) and the Group’s Memorandum of Incorporation, Mr Bowman’s
appointment shall be put to shareholders for approval at the upcoming Annual General Meeting on 31 August 2017.

Durban
28 February 2017


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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