Further Trading Statement PEPKOR HOLDINGS LIMITED (Previously Steinhoff Africa Retail Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: PPH ISIN: ZAE000259479 (“Pepkor” or the “Company”) FURTHER TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement once it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period. Further to the trading statement released by the Company on SENS on 17 April 2019, shareholders are hereby advised that for the six-month period ended 31 March 2019, Pepkor expects: - Earnings per share will be between 48.7 cents and 55.9 cents, being between 34.4% and 54.4% higher than the 36.2 cents reported for the previous corresponding reporting period; and - Headline earnings per share will be between 48.6 cents and 55.8 cents, being between 34.1% and 54.1% higher than the 36.2 cents reported for the previous corresponding reporting period. Pepkor’s results for the six months ended 31 March 2019 are expected to be published on SENS on or about 29 May 2019. A live webcast of the results presentation will be broadcast at 11:00am (SAST) on 29 May 2019. A registration link for the webcast will be available closer to the time on the Company’s website: www.pepkor.co.za Parow 10 May 2019 Sponsor PSG Capital Date: 10/05/2019 09:00:00 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.