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Update relating to the Acquisition of NKD Group GMBH
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
("Mr Price Group" or "Group" or "Company")
UPDATE RELATING TO THE ACQUISITION OF NKD GROUP GMBH
Shareholders are referred to the Stock Exchange News Service announcement released on 10
December 2025 ("Announcement") regarding the acquisition ("Transaction") by Mr Price Group,
through an indirect wholly owned German subsidiary, of 100% of the shares of Pegasus Group Holding
GmbH, which trades as the retail business of NKD Group GmbH ("NKD").
Following the Announcement, the Group (through management and the board of directors) wishes to
re-affirm the strategic rationale for the Transaction and the detailed due diligence process undertaken
as articulated in the Announcement, and would like to reiterate that the information disclosure
constraints at this time are due to the Transaction being subject to the fulfilment of suspensive
conditions, as well as disclosure considerations in terms of the JSE Limited Listings Requirements.
While the Transaction is contractually complete, closing of the Transaction remains subject to
regulatory approvals, which are the subject of the suspensive conditions.
Management and the board of directors remain excited about the opportunity that NKD presents to
the Mr Price Group and looks forward to sharing further insights in due course. The Group intends to
host a capital markets event to provide further detail regarding value retail in Europe, NKD's positioning
and expected medium to long term performance. The Group remains committed to complying with all
necessary disclosure considerations and as such, the date of this event is subject to receiving
regulatory approvals and securing closing certainty, but is anticipated to be in the latter part of the first
quarter of 2026, ahead of the Group's mandatory year-end reporting closed period.
Shareholders are advised that, as required by applicable regulations, NKD has filed its FY2024 audited
financial statements in the 'Bundesanzeiger', which can be found at the following link:
https://www.unternehmensregister.de/en/publication?payload=dMEx5HNlvAWQXHiusiT6G-jsQC-3ayUQbjfbmUD7sA0XXjT8j-
Xo1SUebnAqWSnP4uj3Wb7zI5isrUGq6KkTzyvL_rp7xvFQg-UJT7LldPTaSZ8hbs6HZZloHflzoUc0E-LyAXGJT9b3feSVzq0iQ-
99DqUHf8ZoYa8nVPnyngJ_2hLxBJFrj34V6TE0DprUCmZeFJ4M19Cjxg
Extensive effort is being made to progress all regulatory and other closing requirements, and the Group
remains committed to transparent disclosure and regular engagement with all stakeholders. The
Group appreciates the understanding and support of its shareholders and looks forward to sharing
more information in support of this carefully considered Transaction in due course.
Durban
23 December 2025
Financial Advisor, Corporate Broker and JSE Transaction Sponsor: Investec Bank Limited
Date: 23-12-2025 07:05:00
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