Notification in terms of section 122(3) of the Companies Act Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number (1929/001986/06) Share code: WHL ISIN: ZAE000063863 Bond company code: WHLI (“the Company” or "WHL”) NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (the “Act”) and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification that clients of Allan Gray Proprietary Limited (“Allan Gray”) have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 20.0238% of the total issued ordinary shares of the Company. The requisite notice in terms of section 122(3)(a) of the Act has been filed with the Takeover Regulation Panel. WHL confirms that the information contained in this announcement accurately reflects the information contained in the TRP 121.1 form received by WHL from Allan Gray and does not omit anything likely to affect the importance of such information. Cape Town 15 May 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15-05-2020 05:00:00 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.