Trading statement for the 26 weeks ended 26 September 2020 Mr Price Group Limited Registration number 1933/004418/06 Incorporated in the Republic of South Africa ISIN: ZAE000200457 LEI number: 378900D3417C35C5D733 JSE and A2X share code: MRP ("group" or "company") TRADING STATEMENT FOR THE 26 WEEKS ENDED 26 SEPTEMBER 2020 The group is currently finalising its interim financial results for the 26 weeks ended 26 September 2020. These results will be announced on the Stock Exchange News Service on or about Thursday, 26 November 2020. Following the trading statement published on 20 August 2020, shareholders are further advised that headline earnings per share is likely to be between 23% and 28% lower than that reported for the previous corresponding reporting period, as reflected in the table below. Earnings impact The closure of all the group’s South African stores during the nation-wide lockdown between 27 March 2020 and 30 April 2020, and the subsequent trade restrictions due to COVID-19, has had a material impact on the group’s earnings. During the month of April 2020, the group estimates that it lost approximately R1.8bn in sales. Despite stores being permitted to trade from May 2020, the group was further negatively impacted as its full assortment of merchandise was not permitted to be sold until 1 June 2020. As a result, the group advises that it expects the interim financial results for the 26 weeks ended 26 September 2020 to fall within the following ranges: Reported interim Expected interim 28/09/2019 26/09/2020 cents cents % Basic earnings per share 443.6 275.0 to -33% to 297.2 -38% Basic headline earnings 319.1 to -23% to per share 443.2 341.3 -28% Diluted earnings per share 436.3 270.5 to -33% to 292.3 -38% Diluted headline earnings 435.9 313.9 to -23% to per share 335.6 -28% Following a detailed review, impairments of R153.4m were recognised, relating to IT assets and right-of-use-assets (store leases). These impairment charges were included in basic earnings per share but are added back for the calculation of headline earnings per share. The current economic conditions have required an increase in the impairment of the group debtors’ book to 15.2%. Cash continues to be the favoured tender type, accounting for 86.0% of total sales. The group achieved its target of double-digit declines in inventory on hand in H1 FY21, which has been adequately provided for. Interim results presentation A live webcast of the interim results presentation is scheduled for 09:00 am on or about 26 November 2020. This can be accessed through the following link: https://www.corpcam.com/MrPrice26112020 The estimate financial information on which this trading statement is based has not been reviewed and reported on by the company’s external auditors. Durban 4 November 2020 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04-11-2020 05:15:00 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.