WOOLWORTHS GROUP LIMITED — Capital/Financing Update 2019

Feb 27, 2019

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28 February 2019

ASX Market Announcements Office Australian Securities Exchan g e 20 Bridge Street Sydney NSW 2000

FIRB approval of EG Group's proposed acquisition of Woolworths Petrol

Woolworths Group Limited ( W oolworths Group) announced today that EG has received confirmation from the Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to EG acquiring W oolworths Group’s 540 fuel convenience sites.

FIRB approval was the only condition precedent to the transaction. Completion is expected to occur in early April 2019.

Woolworths Group intends to return up to $1.7 billion to shareholders. Further details will be announced following complet i on.

ENDS

For further information contact:

Media: Woolworths Group Press Office: +61 2 8885 1033 media@woolw o rths.com.au Investors and Analysts: Pa u l van Meurs, Head of Investor Relations: +61 407 521 651

Woolworths Group Limited ABN 88 000 014 675