Investor Presentaiton

Stabilisation: Strong Turnaround Execution Our Turnaround efforts have simplified and focused our business Removed duplication Unlocked efficiencies Integrating our business Reinvigorating Game Reset the cost base Creating a portfolio geared for growth • Centralised support functions Outsourced financial transaction processing • Progressed Wholesale IT unification project Consolidating the Supply Chain network. Strengthening the core business through CVP and structural interventions . Delivered R1.6bn of our R1.8bn SG&A saving ambition • Exiting of non-core businesses, markets and stores 27 22

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