Changes To Executive Responsibilities Of The Current CEO Of Star And Appointment Of A New CEO Steinhoff Africa Retail Limited (Previously K2017221869 (South Africa) Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: SRR ISIN: ZAE000247995 (“STAR” or the “Company”) CHANGES TO EXECUTIVE RESPONSIBILITIES OF THE CURRENT CEO OF STAR AND APPOINTMENT OF A NEW CEO Shareholders are referred to the announcement released by STAR’s major shareholder Steinhoff International Holdings N.V. (“Steinhoff”) earlier today on SENS, in which Steinhoff informed its shareholders that its CEO Markus Jooste has resigned with immediate effect. Markus also resigned from the STAR board with immediate effect. In light of these developments at Steinhoff, STAR’s existing CEO, Ben la Grange has decided to step down as CEO of STAR. The Board of STAR has requested him to remain as a non-executive director of STAR, which he has agreed to do. The Board is furthermore, pleased to announce that the current COO of the Company, Leon Lourens has been appointed to the Board and has furthermore been appointed as CEO of STAR with immediate effect. The board brings shareholder’s attention to the recent release of its audited results for the year ended 30 September 2017 and confirms that STAR is unaffected by the events at Steinhoff. Stellenbosch 6 December 2017 Sponsor PSG Capital Date: 06/12/2017 09:25:00 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.