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WOOLWORTHS GROUP LIMITED — Capital/Financing Update 2012
Dec 2, 2012
66075_rns_2012-12-02_1cdcebd2-f4e2-4f7f-8358-bf1d1d828aaa.pdf
Capital/Financing Update
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3 December 2012
The Manager Companies Australian Securities Exchange Limited Company Announcements Office Level 4 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
RE: Adjustment to option exercise prices
Woolworths Limited ( Woolworths ) advises that, in connection with the proposed Capital Reduction to establish SCA Property Group, Woolworths proposes to adjust the exercise prices of existing options to acquire Woolworths ordinary shares previously issued pursuant to Woolworths' Long Term Incentive Plan. The adjustments will be effective from implementation of the Capital Reduction (expected to be on 11 December 2012) and are as follows:
| Options | Expiry Date | Number of Options |
Existing Exercise Price per Option |
Adjusted Exercise Price per Option |
|---|---|---|---|---|
| 2007 Options | 31 December 2012 | 1,348,830 | $25.91 | $25.62218 |
| 2008 Options | 31 December 2013 | 900,461 | $24.90 | $24.61218 |
| 2009 Options | 31 December 2014 | 3,256,700 | $25.88 | $25.59218 |
For and on behalf of WOOLWORTHS LIMITED
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PETER J HORTON
Group General Counsel and Company Secretary
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