Further trading statement: 26 weeks ended 24 December 2017 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 (the Group) FURTHER TRADING STATEMENT: 26 WEEKS ENDED 24 DECEMBER 2017 Shareholders are referred to the announcement released on the Stock Exchange News Service (SENS) on 15 January 2018, wherein the Group advised that earnings per share (EPS) for the 26 weeks ended 24 December 2017 are expected to be more than 20% (69.0 cents) lower than the 345.1 cents reported for the 26-week period ended 25 December 2016 (the prior period). The re-assessment of the carrying value of the David Jones assets has now been completed and a non-cash impairment charge of A$712.5m will be recognised. This reflects the cyclical downturn and structural changes that have impacted performance across the Australian retail sector. The impact of these changes has been exacerbated by poor or delayed execution in certain key initiatives. The Board remains committed to the transformation of David Jones, the resolution of executional issues and will continue to invest in the business. After considering the re-assessment of the carrying value of the David Jones assets and the impact of the A$172.6m profit on disposal of the David Jones Market Street property in the prior period, EPS growth for the 26-week period ended 24 December 2017 is now expected to be within the range reflected in the table below: December 2016 December 2017 expected 2017 reported growth range expected range (cents) (%) (cents) EPS 345.1 -240.0% to -250.0% -483.1 to -517.7 The guidance provided for headline earnings per share (HEPS) and adjusted diluted HEPS, for the 26-week period ended 24 December 2017, as reported on SENS on 15 January 2018, remains unchanged at: December 2016 December 2017 expected 2017 reported growth range expected range (cents) (%) (cents) HEPS 242.6 -12.5% to -17.5% 200.1 to 212.3 Adjusted diluted HEPS 244.9 -7.5% to -12.5% 214.3 to 226.5 The estimated financial information contained in this announcement has not been audited, reviewed or reported upon by the Group’s external auditors. The Group’s interim results for the 26-week period ended 24 December 2017 are scheduled to be announced on SENS on or about 22 February 2018. Contact: Reeza Isaacs (Group Finance Director) on 021 407 2464 Ralph Buddle on 021 407 3250 InvestorRelations@woolworths.co.za Cape Town 24 January 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/01/2018 05:05:00 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.