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Review of 2022 and outlook for 2023 Introducing our Integrated Report Group profile Sustainable future in fashion

WE BELIEVE THAT GOOD GOVERNANCE CONTRIBUTES TO BETTER CORPORATE PERFORMANCE AND CREATES VALUE FOR SHAREHOLDERS AND OTHER STAKEHOLDERS.

Our Business Philosophy Value-creating business model Managing stakeholder relationships Material issues, risks and opportunities Material issues, risks and opportunities: Truworths and Office Group strategy How we create stakeholder value

‘WE SUCCESSFULY NAVIGATED THE MACROECONOMIC HEADWINDS THROUGH THE CONTINUED FOCUS ON OUR BUSINESS PHILOSOPHY WHICH ENSURES OUR CONSISTENT FOCUS ON CREATING LONG-TERM VALUE FOR OUR STAKEHOLDERS.’

Chairman’s report Truworths International board Group leadership Governance creating value Remuneration Committee report

‘WE BELIEVE THAT GOOD GOVERNANCE CONTRIBUTES TO BETTER CORPORATE PERFORMANCE AND CREATES VALUE FOR SHAREHOLDERS AND OTHER STAKEHOLDERS.’

Retail trading environment Chief Executive Officer’s report Five-year review of financial performance Chief Financial Officer’s report Summarised Group financial statements

‘OUR EXPANSIVE AND OPTIMISTIC STRATEGY SERVED US WELL IN THE NEW ENVIRONMENT, AND CONTRIBUTED TO 2022 BEING A RECORD YEAR FOR THE GROUP AS WE REPORTED THE HIGHEST HEADLINE EARNINGS IN OUR HISTORY.’

Market-leading brand portfolio Aspirational fashion Supply chain Account management Retail presence Human capital

‘WE HAVE STRENGTHENED TRUWORTHS’ POSITION AS THE LEADING ASPIRATIONAL, BETTER-END, MASS-MARKET RETAILER FOR YOUTHFUL, FASHIONABLE CONSUMERS WHO ARE SEEKING FASHION AT WELL ABOVE AVERAGE QUALITY.’

Leading brand portfolio Aspirational fashion Supply chain Retail presence Human capital

‘OFFICE CONTINUES TO BUILD COLLABORATIVE AND STRATEGIC PARTNERSHIPS WITH SOME OF THE MOST SOUGHT-AFTER BRANDS IN THE GLOBAL FOOTWEAR AND SNEAKERS MARKET.’

Shareholder analysis summary Shareholders’ diary Forward-looking statements Administration

CHIEF EXECUTIVE OFFICER’S REPORT

AS WE REFLECT ON THE SUCCESS OF THE 2022 FINANCIAL YEAR, IT IS IMPORTANT TO EMPHASISE THAT THE GROUP FOLLOWED A DEFENSIVE APPROACH DURING THE COVID-19 PANDEMIC. THIS STRATEGY WAS AIMED AT PRESERVING THE BUSINESS’ CASH RESOURCES, MARGINS AND OPERATING MODEL, AND MAINTAINING A STRONG BALANCE SHEET, WHILE ALWAYS SEEKING OPPORTUNITIES DURING THOSE DIFFICULT MONTHS.

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OUR chief executive officer’s report

OUR BUSINESS PHILOSOPHY

OUR BUSINESS PHILOSOPHY IS OUR DNA

IT FUNDAMENTALLY DESCRIBES WHO WE ARE. IT IS THE HEART AND SOUL OF OUR BUSINESS THAT DRIVES OUR OPERATING PHILOSOPHIES, PRINCIPLES AND DECISION-MAKING. OUR DNA IS WHAT MAKES US UNIQUE, DIFFERENTIATES US FROM OUR COMPETITORS AND MAKES OUR BUSINESS VERY DIFFICULT TO IMITATE.

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OUR business philosophy

CHAIRMAN’S REPORT

DURING THE REPORTING PERIOD MANAGEMENT REMAINED UNWAVERINGLY COMMITTED TO, AND BELIEVING IN THE DNA OF OUR BUSINESSES AS OUTLINED IN OUR BUSINESS PHILOSOPHY , SUPPORTED BY OUR RESILIENT BUSINESS MODEL AND STRONG BALANCE SHEET. THESE FACTORS ENABLED THE GROUP TO EMERGE FROM THE COVID-19 ERA WITH AN EVEN HEALTHIER BALANCE SHEET, AND WITH BRANDS ENTRENCHED AND THE BUSINESS MODEL FURTHER EVOLVED TO A STRONG POSITION. THE BUSINESSES HAVE THRIVED AS THE WORLD’S ECONOMIES HAVE REOPENED AND THE RETAIL SECTOR CONTINUES TO EVOLVE.

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OUR CHAIRMAN’S REPORT