Statement Regarding Civil Unrest 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”) STATEMENT REGARDING CIVIL UNREST As a business founded and headquartered in Durban, the group is deeply saddened by the civil unrest throughout the province of KwaZulu Natal and parts of Gauteng which has resulted in widespread looting and vandalism causing untold damage to property, business continuity and livelihoods. The catalyst for these events can be attributed to several complex factors that are well documented, however the escalation of the situation into outright criminality is something the group condemns. It has already caused significant damage to its own business and many other businesses in the affected areas. To date, 109 (approximately 7%) of the group’s 1 592 stores have been entirely looted. In addition, the group has had to temporarily close a further 539 stores across its six divisions. Most of the impact is in KwaZulu Natal with store looting subsiding over the last 24 hours. The group’s two immediate concerns are ensuring the safety of all its people and ensuring further damage and loss is mitigated or minimised. The group of retailers represented by The National Clothing Retail Federation (NCRF) has made a plea for government to take more decisive action, including significantly increasing the level of security personnel in KwaZulu Natal to ensure conditions do not worsen. The situation remains fluid with many unknowns. The group is performing a thorough assessment of the damage caused to its stores and is quantifying losses to be recovered as far as possible through its insurance policies. The group is confident that the physical losses suffered to date are covered by its SA Special Risks Insurance Association (SASRIA) insurance cover. SASRIA have provided assurance through public statement that it has the financial means to honour claims. However, the group is aware of the potential risks of claims pay-outs being delayed and possibly impaired due to the high volumes and values expected to be submitted by numerous impacted businesses. The group’s further priorities include the continuity of stock flow to its unaffected stores and the speedy restoration of trade in its damaged stores. The pace at which this can be done will be dependent upon the extent of the damages and external bottlenecks elsewhere in the supply chain including the Durban port, logistics and distribution operations, and the ability of local suppliers to continue production. The group is grateful that no serious physical harm has come to its associates during the unrest. It expresses its extreme gratitude to its security teams and partners who have worked tirelessly in protecting the business and to all other stakeholders for their understanding and patience during such a challenging time. The resilience of the group has been tried and tested in the past and it has prevailed due to the incredible partners and people that make up the Mr Price group. The board and management team will continue to make decisions that are in the best interest of all stakeholders and extends its appreciation for your ongoing support. Durban 14 July 2021 JSE Equity Sponsor and Corporate Broker Investec Bank Limited Date: 14-07-2021 05:24:00 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.