Pepkor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
Debt Code: PPHI
ISIN: ZAE000259479
(“Pepkor” or the “group” or the “company”)


TRADING STATEMENT, CHANGE TO BOARD COMMITTEE AND APPOINTMENT OF CHIEF
OPERATING OFFICER



TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2022

In terms of the JSE Limited (“JSE”) Listings Requirements, a listed company is required to publish
a trading statement as soon as it becomes aware that a reasonable degree of certainty exists that
the financial results for the financial period to be reported on next will differ by at least 20% from
the financial results for the previous corresponding period.

Shareholders and noteholders are hereby advised that a reasonable degree of certainty exists
that the group’s statutory earnings per share (“EPS”) and headline earnings per share (“HEPS”)
for the year ended 30 September 2022, when compared to the previous corresponding period,
are expected to increase within the ranges reflected in the table below.

                               Year ended               Year ended             Expected change
                           30 September 2021        30 September 2022                (%)
                                 (cents)                  (cents)

 EPS                               132.7                163.4 to 176.7          23.1% to 33.1%

 HEPS                              135.4                160.5 to 174.1          18.6% to 28.6%

The following non-recurring factors contributed to the increase in financial results:

   1. As reported during the group’s 2022 interim results published in May 2022, the group
      recovered its exposure in terms of the management investment company loan, Business
      Venture Investments 1499 (RF) Proprietary Limited (“BVI”), associated loans and settled
      all Tekkie Town-related claims and litigation. This contributed c.12 cents per share to 2022
      EPS and HEPS; and

   2. EPS benefited from insurance proceeds for the damage sustained to fixture and fittings
      during the social unrest reported in July 2021. Damaged fixtures and fittings were written
      off at net book value, after accumulated depreciation, while the full replacement value was
      recovered from insurance. This recovery is included as a capital item in the group’s 2022
      results and contributed to growth in EPS only. HEPS, by definition, excludes capital items
      and is therefore not impacted by this insurance recovery.




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The financial information on which this trading statement is based, has not been reviewed or
reported on by the company's external auditors.

Publication of results

Pepkor's results for the year ended 30 September 2022 will be published on SENS on Tuesday,
22 November 2022.

A live webcast of the results presentation will be broadcast at 10:00am (SAST) on
Tuesday, 22 November 2022. The webcast registration link will be made available closer to the
time on the Pepkor website: www.pepkor.co.za.


APPOINTMENT OF CHIEF EXECUTIVE OFFICER TO THE PEPKOR SOCIAL AND ETHICS
COMMITTEE

In accordance with paragraphs 3.59(c) and 6.39(c) of the JSE Listings Requirements and Debt
Listings Requirements respectively, the board of directors of Pepkor wishes to advise that Mr
Pieter Erasmus, the group Chief Executive Officer, has been appointed as a member of the Social
and Ethics Committee (“the Committee”) with effect from 1 November 2022. The appointment is
to fill a vacancy on the Committee.

The Committee now consists of Fagmeedah Petersen-Cook (chairperson), Paula Disberry, Zola
Malinga and Pieter Erasmus.


APPOINTMENT OF CHIEF OPERATING OFFICER

The group is pleased to announce the appointment of Sean Cardinaal as Chief Operating Officer
of Pepkor. Sean has considerable retail experience, having served as chief operating officer of
the European listed Pepco Group and driving value creation in the Poundland and Dealz business
as well as developing the group’s international sourcing capabilities.

Prior to this, Sean joined Pepclo (the group’s manufacturing operation) in 2003 before becoming
buying director of Pep. He served as managing director of Ackermans from 2011 to 2016 and was
instrumental in repositioning the Ackermans business to become a value retail champion in South
Africa, which laid the foundation for many years of market-leading growth.


Parow
2 November 2022

Equity Sponsor
PSG Capital




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Debt Sponsor and Corporate Broker
Rand Merchant Bank (A division of FirstRand Bank Limited)




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