Trading update and trading statement: 52 weeks ended 25 June 2017 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 (the Group) TRADING UPDATE AND TRADING STATEMENT: 52 WEEKS ENDED 25 JUNE 2017 TRADING UPDATE Group sales for the 52 weeks ended 25 June 2017 increased by 3.0% compared to the prior year. Growth in the second half was impacted by increasingly difficult trading conditions, in both South Africa and Australasia. Woolworths South Africa’s Clothing and General Merchandise sales increased by 1.4%, with price movement of 6.6%. Sales in comparable stores declined by 0.9%, with retail space growing by a net 2.2%. Growth in the second half of the year was lower, as a result of significant political and economic upheaval and its impact on the consumer. Woolworths South Africa’s Food sales’ growth remained above market throughout the period and increased by 8.6%, with price movement of 8.4%. Growth in the second half of the year was lower than in the first half, impacted by lower inflation. Sales in comparable stores grew by 4.6%, with retail space growing by a net 7.6%. David Jones’ sales increased by 1.0% in Australian dollar terms. The termination of the Dick Smith electronics concession last year impacted growth by 1.0%. Sales in comparable stores declined by 0.7%, with retail space declining by a net 0.8%. Whilst relevant market share has grown, sales growth slowed in the second half, as falling consumer confidence resulted in lower footfall. Country Road Group sales increased by 5.1% in Australian dollar terms and showed a marked improvement in the second half, notwithstanding the difficult trading conditions. Sales in comparable stores declined by 0.4%. Retail space declined by a net 1.9%, and the inclusion of newly-acquired Politix added 3.7%. Country Road’s above-market performance reflected the ongoing improvements to ranges during the year. The Woolworths Financial Services debtors’ book reflected year-on-year growth of 3.3%, with an impairment rate for the twelve months ended 30 June 2017 of 6.3% (2016: 5.7%). TRADING STATEMENT Shareholders are advised that earnings per share (EPS) for the 52-week period ended 25 June 2017 is expected to be substantially higher than the EPS for the 52-week period ended 26 June 2016 (the prior year), due to the profit on disposal by David Jones of its Market Street property in Sydney, as well as the benefit of a lower effective tax rate. Headline earnings per share (HEPS) and adjusted diluted HEPS, which exclude, inter alia, the profit on disposal referred to above, are expected to be lower than the prior year, as reflected below: 2016 reported 2017 expected growth range 2017 expected range (cents) (%) (cents) EPS 454.2 +20.0% to +30.0% 545.0 to 590.5 HEPS 455.6 -5.0% to -10.0% 410.0 to 432.8 Adjusted diluted HEPS 453.4 -5.0% to -10.0% 408.1 to 430.7 The estimate financial information contained in this announcement has not been audited, reviewed or reported upon by the Group’s external auditors. The Group’s year-end results for the 52-week period ended 25 June 2017 are scheduled to be announced on the Stock Exchange News Service on or about 24 August 2017. Contact: Reeza Isaacs (Group Finance Director) on 021 407 2464 Ralph Buddle on 021 407 3250 InvestorRelations@woolworths.co.za Cape Town 13 July 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/07/2017 05:05:00 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.