Woolworths Holdings Limited - Securitisation - New Issue [JSE Securities Exchange - SENS]
Woolworths Holdings Limited - Securitisation - New Issue                        
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)
Registration number: 1929/001986/06                                             
Share code: WHL     ISIN: ZAE000063863                                          
("Woolworths" or "the Company")                                                 
Woolworths has issued R1.015 billion of asset-backed debt securities in a second
issuance since the launch of its R5 billion securitisation programme in February
2005.  In terms of the programme, Account On Us (Proprietary) Ltd ("Account on  
Us") purchases store card receivables originated by Woolworths from time to
time, funded through the issue of rated asset-backed debt securities in the     
capital market.  This recent issue funds the growth in the Woolworths store card
receivables portfolio since the initial issue.                                  
In terms of the issue, Account On Us issued both Class A and Class B notes rated
AAA and AA-, respectively, with maturities ranging from 1 to 4 years.  The notes
which will be listed on the Bond Exchange of South Africa were purchased by a   
diversified investor base including asset-backed commercial paper conduits as   
well as institutional investors.
Cape Town                                                                       
6 March 2007                                                                    
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/03/2007 15:38:05 Produced by the JSE SENS Department.
Source: JSE Securities Exchange - SENS
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