changes to the board of directors

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” or “the Mr Price Group”)

CHANGES TO THE BOARD OF DIRECTORS

In compliance with rule 3.59 of the JSE Listings Requirements, the following information is disclosed

Mr Price today announced changes to the board of directors which were effective from 29 August 2008.

In terms of the group's succession planning process and an evaluation of the skills and governance needed for the future, three new independent non-executive directors and one executive director have been appointed to the Mr Price Group board. The non-executive directors are Maud Motanyane, Sonja Sebotsa and Moses Tembe whilst Stuart Bird has been appointed as executive director.

The group also announced that Alastair McArthur, would be appointed deputy chairman of the value retailing group while retaining his role as CEO.

Durban
1 September 2008

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