2016/10/05
WHLE - WOOLWORTHS HOLDINGS LIMITED - WHL to acquire Politix, a leading Australian menswear business [JSE Securities Exchange - SENS]
 
WHL to acquire Politix, a leading Australian menswear business

Woolworths Holdings Limited ("WHL")
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863

WHL to acquire Politix, a leading Australian menswear business


WHL advises that its wholly owned subsidiary, Country Road Group had entered into an agreement
with the owners of Politix to acquire 100% of the business. Politix is a market-leading retailer in
Australian designer menswear with 75 stores including 31 concessions across Australia and FY2016
sales of A$56 million.

The agreement is subject to the fulfilment of certain conditions precedent normal for a transaction of
this nature. The proposed acquisition will be funded through internal resources and is expected to be
immediately EPS accretive.

With a 40-year heritage, Politix is an iconic Australian men's fashion brand with a distinctly modern
and detailed DNA, which appeals to a broad base of fashion-conscious men aged 18 to 35. Former
Liverpool FC and Socceroo star, Harry Kewell continues to be the brand's key ambassador, in a long-
standing association that stems back to 2008.

The acquisition is consistent with WHL's southern hemisphere strategy of building a strong and
diversified portfolio of iconic brands. Politix will add to WHL's existing Australian stable that already
includes David Jones, Country Road, Witchery, Trenery and Mimco.


Contact:
Ralph Buddle: Director: Strategy & Business Development
T: +27 21 407 3250
M: +27 83 412 4923

Cape Town
5 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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