NEWS

19 September 2014

AMENDMENT TO FINANCE DIRECTOR'S EMPLOYMENT AGREEMENT

In accordance with Listing Rule 3.16.4, Wesfarmers announces it has agreed a variation of the contractual notice period required to be provided by either Wesfarmers or Wesfarmers' Finance Director, Terry Bowen, under his employment agreement.
Prior to this variation, Mr Bowen was required to provide Wesfarmers with 3 months' notice in the event he wished to resign and Wesfarmers was required to provide 3 months' notice if it wished to terminate his employment (other than for cause).
Given Mr Bowen's tenure as Finance Director and his importance within the management team, the Board has agreed to increase the notice period under Mr Bowen's employment agreement to a minimum of 6 months. This change will provide Wesfarmers with greater protection and is consistent with the broader policy the Board has adopted requiring senior executives to give at least 6 months notice if they wish to resign.
All other terms and conditions of Mr Bowen's employment agreement remain unchanged.

For further information: Media

Cathy Bolt

Media and External Affairs Manager, Corporate Affairs

(+61) 8 9327 4423 or (+61) 417 813 804

Investors

Mark Scatena

General Manager, Investor Relations and Planning

(+61) 8 9327 4416 or (+61) 439 979 398

Wesfarmers Limited ABN 28 008 984 049

11th Floor, 40 The Esplanade, Perth, W estern Australia 6000. GPO Box M978, Perth W A 6843. www.wesfarmers.com.au

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