11 June 2018

Completion of divestment of Homebase

Wesfarmers today announced the completion of the divestment of the Homebase business in the United Kingdom and Ireland to a company associated with Hilco Capital.

The agreement to divest Homebase was announced on 25 May 2018 with expected completion by 30 June 2018. Wesfarmers expects to record a loss on disposal of £200 million to £230 million in the Group's 2018 full-year financial results, subject to finalisation of completion accounts and review by Ernst & Young.

For further information:

Media

Investors

Cathy Bolt

Aleksandra Spaseska

Media and External Affairs Manager

General Manager, Investor Relations

+61 8 9327 4423 or +61 417 813 804

+61 8 9327 4416 or +61 488 911 678

cbolt@wesfarmers.com.au

aspaseska@wesfarmers.com.au

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Wesfarmers Ltd. published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 June 2018 22:57:04 UTC