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WOW — Woolworths News Story

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Brief: Woolworths Closes Mydeal

June 27 (Reuters) - Woolworths Group Ltd WOW.AX:

CLOSING MYDEAL AND CONSOLIDATING MARKETPLACE OFFER

TO CLOSE MYDEAL WEBSITE BY 30 SEPTEMBER

CLOSURE COST EXPECTED TO BE A$90-A$100 MILLION

CLOSURE OF MYDEAL TO REDUCE WOOLWORTHS MARKETPLUS OPERATING LOSSES

NON-CASH COSTS WILL PRIMARILY RELATE TO IMPAIRMENT OF MYDEAL'S ASSETS OF A$45 MILLION

Further company coverage: WOW.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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