WHL Board - Succession and non-executive director changes Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 Bond company code: WHLI ("WHL") WHL BOARD - SUCCESSION AND NON-EXECUTIVE DIRECTOR CHANGES As part of the WHL Board succession planning process, Hubert Brody has been appointed as deputy chairman of the Board with effect from Monday, 12 November 2018. Simon Susman (chairman of the Board) and Tom Boardman (lead independent director) will step down from their respective positions with effect from the conclusion of the 2019 WHL Annual General Meeting, each having respectively served a nine year term. It is anticipated that the Board will appoint Hubert as chairman of the Board and Zarina Bassa as the lead independent director with effect from the conclusion of the 2019 WHL Annual General Meeting. Simon will become Honorary President upon conclusion of the 2019 WHL Annual General Meeting, following his stepping down as a director. He will provide support and advice to the Board and continue his deep association with the Group by devoting his time to the continued advancement of WHL's participation in civil and corporate society. Cape Town 12 November 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/11/2018 07:30:00 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.