2. Outline of presentation Introduction & StrategyTrevor Honneysett HealthcareTrevor Honneysett Financial ResultsPeter Green New Clicks South AfricaErrol Gray New Clicks AustraliaJeff Sher ConclusionTrevor Honneysett

3. Review of New Clicks Strategy Healthcare Growth Value Results Efficiency Opportunity Today’s Focus Tomorrow’s Vision

4. New Clicks Strategy Strengthen/rejuvenate SA retail brands Australian retail brands Drive efficiency & productivity through Shared Services Boost profitability through improved turnover & margins Create value for stakeholders World class Trans-national Dominate Southern Africa Australasia Specialised Health Beauty Lifestyle Multiple brands Variety of ownership models Today’s Focus Tomorrow’s Vision

5. Multibrand Strategy Lifestyle BeautyHealth Consolidated Retail Pharmacy Specialist Wholesale

6. Merchandising OD / HR Marketing Fin & Admin Logistics IT Store Design Store Develop Supply Chain Distribution & Wholesale Buying Store Services Franchise Stores (0%:100%) Joint Venture Stores (e.g. 80%:20%) Owned Stores (100%:0%) Shared Services & Multiple Ownership

7. Why Healthcare? Paradigm shift occurring Positioned to lead change Affordable healthcare Growth of business South Africa –PM&A + Link + UPD Australia –Priceline Pharmacy franchise model Integrated channel to market

8. The Healthcare Opportunity Industry facing tough challenges Pharmacists seeking alliances to improve efficiency & productivity Corporate ownership/partnership models thriving in many markets New Clicks can add significant value –funding –bulk buying –retail services & experience

9. New Clicks Holdings Limited New Clicks South Africa Clicks / Discom 100% now JV in future 445 stores (267 Clicks + 178 Discom) Today’s Structure Purchase Milton & Associates Funding 76 stores Interest56% Link Investment Trust 250 stores Franchise Stores Fees for services UPD Multicare Independents Distribution 5 200 customers

10. New Clicks Holdings Limited New Clicks South Africa Discom 100% 178 stores Post Deregulation Structure Clicks + Pharmacy 100% / JV 343 stores Distribution UPD Multicare Independents Migration of pharmacy licences Selected stores to convert 56% Link Investment Trust 250 stores Franchise Stores Fees for services

11. Australian Healthcare Strategy Measured approach Sustaining pharmacists’ goodwill Compliant franchise format Implement three scenarios: –Convert existing pharmacies to Priceline Pharmacy –Convert Pricelines to Priceline Pharmacy –Secure new locations Alliance - wholesale distribution

12. Our Healthcare Strategy Extend New Clicks retail presence & expertise into pharmacy Establish (within five years) national networks of efficient, compliant & profitable low-cost drugstores in South Africa & Australia Promote co-ownership model in South Africa Roll out franchise model in Australia Improve front to back shop ratio Synergies from combining pharmacy with current offering - lower overheads & increase footfall Increase net margin