Woolworths Holdings
Loan in Johannesburg

Woolworths Holdings also owns Country Road Limited, a leading clothing and homeware retailer listed on the Australian Stock Exchange.

The bank that handles the programme is The Bank of New York. An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors, and to provide a corporate finance vehicle for non-US companies. ADRs have been around since 1927 and were developed as a way of US investors investing in overseas companies but under the conventions of the US market. Diversification without many of the obstacles that mutual funds, pension funds and other institutions may have in purchasing and holding securities outside of their local market. Expanded market share through broadened and more diversified investor exposure. Flexible mechanism for raising capital and a vehicle or currency for mergers and acquisitions. ADR investors are treated just like any other investor and receive corporate action notifications and full annual reports in English. Depositary Receipts are created when a broker purchases the company's shares on the home stock market and delivers them to the depositary's local custodian bank, which then instructs the depositary bank to issue Depositary Receipts. Depositary Receipts may trade freely, just like any other security, either on an exchange or in the over-the-counter market. The depository bank for Woolworths is The Bank of New York. The depository bank is key to the issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes dividends. You can purchase Depositary Receipts through BNY Brokerage, Inc. BNY Brokerage Inc. is a wholly-owned subsidiary of The Bank of New York Company and provides professional trade execution to meet all of your investing needs. Once these details have been confirmed, the broker (or shareholder) should instruct the delivery of the ordinary shares from their custody account in South Africa. On the day that the local custodian confirms to The Bank of New York that the ordinary shares have settled in The Bank of New York account, The Bank of New York will instruct the delivery of the equivalent amount of ADRs to the requested DTC account.