Response to Media Speculation

• Coles Group responds to media speculation regarding a potential acquisition
• In discussions with TPG for a potential acquisition of Greencross Pet Wellness Company
• Coles emphasizes commitment to strategic opportunities that create shareholder value
• No certainty of transaction proceeding; discussions are incomplete

Coles Group Limited (ASX: COL) has issued a statement in response to media speculation about a potential acquisition of Greencross Pet Wellness Company. The company confirms it is in discussions with TPG regarding the acquisition and is currently undertaking due diligence. Coles, as one of Australia's leading retailers, regularly assesses strategic opportunities that could complement its existing business and create value for shareholders. The company will only proceed with an acquisition if it is satisfied that the transaction is strategically compelling and capable of delivering attractive returns for shareholders. Discussions are still ongoing, and there is no certainty that a transaction will proceed. Coles will continue to keep the market informed in accordance with its continuous disclosure obligations.