Changes To The Board Of Directors 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”) CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) advises of the following changes to the Board: 1. Mr Daniel van der Merwe (“Danie”) tendered his resignation from the Board with effect from 28 May 2019. 2. Mr Theodore de Klerk (“Theo”) has been appointed as a non-executive director, with effect from 29 May 2019, to replace Danie. Theo is the Operations Director at Steinhoff International Holdings NV. (“Steinhoff”). He completed his articles with Ernst & Young and worked for four years as a corporate tax consultant. He joined Murray & Roberts as financial director of its marine construction operation. He spent five years with Gensec Investment Bank as part of its corporate finance advisory unit, focusing on mergers & acquisitions, capital raisings and related structuring functions. In 2003, he joined Steinhoff and in 2008 he was appointed Chief Executive Officer of the group’s Southern African building materials division, a position he held until 2015. In addition to his role as Operations Director at Steinhoff, he holds various directorships within Steinhoff and is also a director of IEP Group. 3. Louis du Preez, current non-executive board member of Pepkor, will replace Danie as a member of Pepkor’s Nominations Committee and Human Resources and Remuneration Committee. 4. The Pepkor Board would like to thank Danie for his invaluable contribution made to the Pepkor group. Parow 28 May 2019 Sponsor PSG Capital Date: 28/05/2019 02:00:00 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.