Update Relating To The Disposal Of The Building Company Proprietary Limited PEPKOR HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: PPH Debt Code: PPHI ISIN: ZAE000247995 (“Pepkor” or the “group”) UPDATE RELATING TO THE DISPOSAL OF THE BUILDING COMPANY PROPRIETARY LIMITED (“TBC”) Pepkor shareholders and noteholders are referred to the SENS announcement released on 31 May 2021 relating to the Competition Commission’s recommended prohibition of the Company’s disposal of 100% of the issued share capital of TBC to Cashbuild Limited (the “Transaction”). The approval of the Transaction by the Competition Authorities remains a material outstanding suspensive condition which would not have been fulfilled by the Transaction long stop date of 16 August 2021 (“Long Stop Date”). As a result of Pepkor and Cashbuild not being able to reach agreement on an extension to the Long Stop Date, the parties have accordingly agreed to terminate the Transaction. TBC has performed well and has made substantial progress to restructure and consolidate the business while improving its strategic alignment, performance and profitability. While the disposal of TBC would have enabled Pepkor to streamline its portfolio of businesses in order to focus on its core business of discount and value retail, Pepkor believes this outcome to be in the best interest of value creation for Pepkor shareholders and noteholders. The group will consider future opportunities to unlock value as these may arise. Parow 12 August 2021 Equity sponsor PSG Capital Debt sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 12-08-2021 07:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.