Foschini : Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the JSE Listings Requirements

THE FOSCHINI GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1937/009504/06) Share code: TFG

ISIN: ZAE000148466

("TFG" or "the Company")

Notification in terms of section 122(3) of the Companies Act and paragraph 3.83(b) of the JSE Listings Requirements

In accordance with section 122(3) of the Companies Act 71 of 2008 ("the Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that the Company has received formal notification that Ninety One SA (Pty) Ltd on behalf of its underlying Clients ("Ninety One"), has increased its interest in the ordinary shares of the Company such that the total interest in the ordinary shares of the Company held by Ninety One amounts to 5.13% of the total issued ordinary share capital of the Company.

The Company confirms that, as required in terms of section 122(3)(a) of the Act, it has filed the required notices with the Takeover Regulation Panel and to the best of its knowledge and belief, the information supplied by Ninety One is complete and consistent.

Cape Town

9 March 2022

Sponsor:

RAND MERCHANT BANK (A division of FirstRand Bank Limited)