resignation of a director and report on proceedings at annual general meeting

Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE 000026951
JSE share code: MPC
(“Mr Price”

RESIGNATION OF A DIRECTOR AND REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING

Mr Roger Jardine has resigned from the board of directors of Mr Price, effective 29 August 2008, due to the increased responsibilities related to his recent appointment as CEO of Aveng Limited.

At the 75th annual general meeting of the shareholders of Mr Price held today, 29 August 2008, Ordinary resolutions numbers 1-4 and 6-11 and special resolution number 1 were passed. Ordinary resolution number 5 was withdrawn due to Mr Jardine’s resignation as a director.

Special resolution number 1 will be lodged for registration with the Companies and Intellectual Properties Registration Office in due course.


Durban
29 August 2008

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)