SUPER RETAIL GROUP LIMITED — Capital/Financing Update 2011

Nov 20, 2011

==> picture [596 x 63] intentionally omitted <==

==> picture [596 x 63] intentionally omitted <==

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES (OTHER THAN TO ELIGIBLE US FUND MANAGERS) WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF RELEVANT LAWS OF SUCH JURISDICTION.

21 November 2011

SUPER RETAIL GROUP COMPLETES RETAIL ENTITLEMENT OFFER

On Monday, 17 October 2011, Super Retail Group Limited (“Super Retail”) announced a fully underwritten 9 for 19 pro-rata renounceable entitlement offer of new Super Retail ordinary shares (“New Shares”) at an offer price of $5.34 per New Share to raise approximately $334 million (“Entitlement Offer”). The institutional component of the Entitlement Offer was successfully completed on Wednesday, 19 October 2011, raising approximately $284 million.

The retail component of the Entitlement Offer (“Retail Entitlement Offer”) closed on Wednesday, 16 November 2011. Eligible retail shareholders and purchasers of entitlements subscribed for approximately 5.1 million New Shares (approximately $27.4 million) under the Retail Entitlement Offer.

Super Retail will offer for sale under the retail shortfall bookbuild approximately 4.3 million New Shares, which represents those retail entitlements which were not taken up by the close of the Retail Entitlement Offer and in respect of retail shareholders that were ineligible to participate in the Entitlement Offer.

The retail shortfall bookbuild will commence after market close today, Monday, 21 November 2011.

The settlement date for New Shares under the Retail Entitlement Offer and the retail shortfall bookbuild is Monday, 28 November 2011. These New Shares are expected to be issued on Tuesday, 29 November 2011 and commence normal settlement trading on ASX on Wednesday, 30 November 2011.

Shareholder enquiries

Shareholders who have questions relating to the Entitlement Offer should call the Super Retail Group Offer Information Line on 1800 170 502 (within Australia) or +61 2 8280 7323 (outside Australia), or consult your stockbroker, accountant or other professional adviser. The Super Retail Group Offer Information Line will be open from 8:30am to 5:30pm (Sydney time), Monday to Friday, until Friday, 9 December 2011. Alternatively, you can access information about the Retail Entitlement Offer online at www.superretailgroup.com.au.

==> picture [596 x 85] intentionally omitted <==

Further Enquiries:

Peter Birtles Gary Carroll Ron Malek Roger Feletto Chief Executive Officer Chief Financial Officer Co-Chief Executive Managing Director Super Retail Group Super Retail Group Greenhill Caliburn Greenhill Caliburn Level 34 The Chifley Level 34 The Chifley 751 Gympie Road 751 Gympie Road Tower, 2 Chifley Square Tower, 2 Chifley Square LAWNTON QLD 4501 LAWNTON QLD 4501 SYDNEY NSW 2000 SYDNEY NSW 2000 Phone: +61 7 3482 7500 Phone: +61 7 3482 7500 Phone: +61 2 9229 1409 Phone: +61 2 9229 1420 Email: Email: Email: Email: peterb@superretailgroup.com garyc@superretailgroup.com rmalek@greenhillcaliburn.com rfeletto@greenhillcaliburn.com

This announcement does not constitute an offer of shares for sale in the United States (other than to eligible US fund managers) or in any other jurisdiction in which such an offer would be illegal. The shares have not been registered under the Securities Act, and may not be offered or sold in the United States (other than to eligible US fund managers.)

This announcement includes “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of the company, and its officers, employees, agents or associates, including the risks described in this announcement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Super Retail assumes no obligation to update such information.