Enhanced Investments - Financial Portal

Voluntary Announcement: Changes to Senior Leadership

Published: 2024-03-14 08:05:44 ET

Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
LEI: 37890095421E07184E97
Share code: WHL
Share ISIN: ZAE000063863
Bond Company code: WHLI
(‘Woolworths Group’ or ‘the Group’)


VOLUNTARY ANNOUNCEMENT: CHANGES TO SENIOR LEADERSHIP

Further to the announcement on the Stock Exchange News Service (SENS) on 3 August 2021, the Board
wishes to advise that Zyda Rylands, CEO: Woolworths Foods, will be retiring at the end of August 2024.

The Board extends its appreciation to Zyda for her contribution and commitment to the
Woolworths Group over the past 29 years, and for the significant role she has played in growing and
positioning Woolworths Foods as an industry-leading, food retailer.

As part of the Group’s planned succession process, effective 1 July 2024, Sam Ngumeni (Group Chief
Operating Officer) will be taking over from Zyda, as CEO of Woolworths Foods. Sam is a highly regarded
executive with a successful track record across multiple senior roles in the Group over the past 28
years. The Board congratulates Sam on his appointment and looks forward to the contribution he will
make to the Foods business.

Cape Town
14 March 2024

Equity Sponsor and Debt Sponsor
Investec Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.