WOOLWORTHS GROUP LIMITED — Capital/Financing Update 2013

May 16, 2013

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17 May 2013

The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sirs

Woolworths Limited (ASX: WOW)

Woolworths Limited launches tender offer to buy back US 144A Notes

Woolworths Limited today announced that on May 17, 2013 in the United States it will commence a tender offer to buy back up to US$630 million in aggregate principal amount of outstanding Notes. The offer is being made in order to reduce the amount of outstanding Notes and will be funded by surplus cash and drawings from existing credit facilities.

A one-off cost will be incurred in FY2013, representing a premium paid on the Notes to redeem early and termination of associated derivatives. This one-off cost will be more than offset by future net interest savings in both gross and present value terms.

Successful completion of the tender offer will result in a reduction in Woolworths’ weighted average cost of debt.

Yours faithfully WOOLWORTHS LIMITED

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Peter Horton Company Secretary

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