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Final pricing and allocation of Edcon bond

11 February 2013

Johannesburg, South Africa. Edcon Proprietary Limited ("Edcon") priced on 8 February 2013 an offering of €300 million aggregate principal amount of 9.5% senior secured notes due 2018 at an issue price of 96.5% (the "Notes").

The net proceeds from the offering of the Notes will be used, together with part of the net proceeds from the sale of R8.8 billion aggregate amount of receivables under our private label store card programme, the proceeds from the termination of certain derivatives entered into in connection with our senior secured notes due 2014, and the estimated net proceeds from the R4.12 billion rand-denominated senior secured term loan facility that we intend to enter into pursuant to commitments we have received from certain financial institutions, to finance the repurchase of our senior secured notes due 2014 pursuant to the tender offer that we announced on 5 February 2013.

The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act.  


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