Store Footprint Report Publication date: March 2019 Next publication: September 2019 Store Footprint Report

Store Footprint Woolworths Group Store Numbers and Growth Total Group As at the end of December 2018 the Group portfolio consisted of 1,575 stores across Southern Africa and Australasia. With an almost even split between Australia and Southern Africa During the 6 months of HY2019 the Group opened a net 19 stores and gained a net 12,000m2 in trading space Total Group FY2015 FY2016 FY2017 FY2018 HY2019 Five-Year Growth (%) Store Count 1,337 1,395 1,487 1,556 1,575 17.8% Net New Stores 138 58 92 69 19 Net New Space (‘000m 2) 61 32 30 12 10.6% SOURCE: Woolworths Holdings Ltd

Store Footprint Woolworths Food Store Numbers Woolworths Group Store Numbers cont. Woolworths Food Store Numbers FY2015 FY2016 FY2017 FY2018 HY2019 Five-Year Growth (%) Net New Stores Woolworths Food 23 13 11 9 7 10.1% South Africa 14 10 6 5 9.0% Engen Foodstop 4 2 22.6% Rest of Africa -3 1 -8.3% Net New Space  -- 19 17 8 3 22.9% 16 23.2% 50.0% 0.0% Woolworths Food (27.7% of Group stores) 437 stores in total, including 22 Food in Africa and 76 Engen Foodstops In South Africa, a net 5 Food stores were opened in HY2019 taking the total to 339, of which 53.7% (182 stores) are stand-alones 2 net new Engen Foodstops opened, making 76 In the rest of Africa the portfolio total remained unchanged The Group’s Food store portfolio increased +10.1%, over five years Trading space increased +3,000m2 in HY2019 to 252,000m2, +22.9% over five years SOURCE: Woolworths Holdings Ltd

Store Footprint Woolworths Fashion, Beauty and Home Store Numbers Woolworths Group Store Numbers cont. Woolworths Fashion, Beauty and Home Store Numbers FY2015 FY2016 FY2017 FY2018 HY2019 Five-Year Growth (%) Net New Stores Woolworths FBH 20 6 -3 1.1% South Africa 15 1 -1 1.4% Rest of Africa 5 0.0% Net New Space  -- 19 9 11 2 9.3% 21 8 10 9.8% -2 4.7% Fashion, Beauty and Home (17.9% of stores) 282 stores in total, with 65 stores in Africa In South Africa, a net -1 FBH store closed in HY2019 and a net 1 store opened in the rest of Africa Store count five year growth +1.1%, as the portfolio has remained at 282 for two-and-a- half years Trading space increased +2,000m2, to 481,000m2 SOURCE: Woolworths Holdings Ltd

Planned Change in Space (‘000m2) Store Footprint Woolworths Rest of Africa Store Numbers As at the end of December 2018, Woolworths had 86 stores in the rest of Africa (excluding South Africa) 22 Food (unchanged) and 65 FBH stores including a net 1 new store in Africa during HY2019 (1 FHB), and gained 2,000m2 trading space in the FBH store portfolio Planned Stores - Rest of Africa FY2019 net 2 closures, both FBH space decline by -1,000m2 FY2020 plans include opening 3 food and 3 FBH. +4,000m2 net additional space FY2021 includes 5 net new stores adding 3,000m2 additional space to the portfolio Planned Store Openings (Net change) Planned Change in Space (‘000m2) Planned to Jun 2019 Planned to Jun 2020 Planned to Jun 2021 Total – Rest of Africa -2 6 5 -1 4 3 Food 1 FBH 2 SOURCE: Woolworths Holdings Ltd

Planned Store Openings (Net change) Planned Change in Space (‘000m2) Store Footprint Planned Store Openings and Changes in Trading Space To June 2019, -3 net closures are planned, despite this, space is planned to increase +9,000m 2 Country Road Group plans to reduce the portfolio in FY2020 by exiting Myer stores and becoming exclusive to David Jones by Sep 2019, to optimise their retail footprint For FY2020 and FY2021 majority of the net new store growth will come from Food stores in SA and David Jones David Jones planning to reduce their space by over -20% by 2026 The Group continues to invest in processes, systems and infrastructure to support its 2020 growth aspirations, as seen in the CAPEX forecast , which is expected to normalise around R2.7bn per year from FY2020 Planned Store Openings (Net change) Planned Change in Space (‘000m2) Planned to Jun 2019 Planned to Jun 2020 Planned to Jun 2021 WHL Group -3 -80 12 9 6 -6 Food 8 18 4 Food SA 5 10 7 Engen Foodstop 3 Food Africa 1 FBH SA -1 -4 Africa -2 2 Country Road Group -10 -102 -9 Country Road Aus Country Road SA David Jones -17 SOURCE: Woolworths Holdings Ltd

Maryla Masojada. |. Lead Analyst Carey Leighton. | Maryla Masojada | Lead Analyst Carey Leighton | Associate Retail Analyst