ASX AND MEDIA RELEASE Page 1 of 1 For Immediate Distribution 30 June 2014 WOOLWORTHS A$4.00 OFFER UNDER SCHEME FOR DAVID JONES IS BEST AND FINAL OFFER

Please see the attached letter from Woolworths informing David Jones and its shareholders that the offer price under the Scheme of A$4.00 per David Jones share is its best and final offer, subject to no competing proposal emerging.

Ends.

Media Enquiries Shareholder Enquiries

Helen Karlis

General Manager Corporate Affairs, Communications and Investor Relations David Jones Limited

02 9266 5960

0404 045 325 hkarlis@davidjones.com.au

Shareholder Information Line

Computershare

Within Australia: 1300 580 123

Outside Australia: +61 3 9415 4339

Operational Monday to Friday from 9:00 am to

5:00pm

David Jones Limited A.C.N. 000 074 573

A.B.N. 75 000 074 573

WHL WOOLWORTHS HOLDINGS LIMITED

The Directors
David Jones Limited
86-108 Castlereagh Street
SYDNEY NSW 2000

30 June 2014 SCHEME OF ARRANGEMENT - DAVID JONES LIMITED

Dear Sirs,
I refer to the proposed acquisition by Woolworths Holdings Limited ("WHL") of David
Jones Limited ("David Jones") by way of the scheme of arrangement announced on 9 April
2014 (the Scheme).
WHL wishes to inform David Jones and its shareholders that the offer price under the Scheme of A$4.00 per David Jones share is its best and final offer, subject to no competing proposal emerging. This means that, subject to no competing proposal emerging, WHL will not increase the offer price under the Scheme.
WHL asks that David Jones promptly make an ASX announcement to this effect so that

David Jones shareholders and the market are adequately informed. Yours sincerely,

Ian Moir

Chief Executive Officer

Woolworths Holdings Limited Reg. No. 1929/001986/06

Woolworths House 93 Longmarket Street Cape Town 8001 Telephone +27 21 4079111 Fax +27 21 4072151

Directors: SN Susman* (Chairman) I Moir** (Group chief executive officer) (Australian)

PD Bacon* (British) ZBM Bassa* TA Boardman* AT Higginson** MR Isaacs** MJ Leeming* SD Ngumeni** AC Nissen* Sir SA Rose* (British) Z Rylands** NT Siwendu* Group secretary T Sishuba-Mashego

*Non-executive **Executive

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