2007/02/13
WHL - Woolworths Holdings Limited - Securitisation - Redemption Of [JSE Securities Exchange - SENS]
 
WHL - Woolworths Holdings Limited - Securitisation - Redemption Of          
                      2 Year Notes And Tap Issue                                
    Woolworths Holdings Limited                                                 
(Incorporated in the Republic of South Africa)                              
    Registration number: 1929/001986/06                                         
    Share code: WHL     &    ISIN: ZAE000063863                                 
    ("Woolworths Holdings" or "the Company")                                    
SECURITISATION - REDEMPTION OF 2 YEAR NOTES AND TAP ISSUE                   
    Woolworths sold R2.3 billion of in-store card receivables to a special      
    purpose vehicle, Account On Us (Proprietary) Limited ("Account On Us") in   
    February 2005.                                                              
The first series of the initial issue of notes, with a total value of R300  
    million, matures on 25 February 2007. A new issuance of notes is now        
    planned, in order to replace the notes redeemed and to purchase additional  
    assets into the structure.  The book-build is scheduled for 28 February     
2007 and the amount to be raised is estimated to be R1 billion.             
    A presentation on the further issue is set out in a presentation prepared   
    by Standard Bank, Corporate and Investment Banking, which is available on   
    the Company`s website at www.woolworthsholdings.co.za.                      
Cape Town                                                                   
    13 February 2007                                                            
                                                                                
    Sponsor                                                                     
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                   
Date: 13/02/2007 09:51:00 Produced by the JSE SENS Department.
Source: JSE Securities Exchange - SENS
 
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