TRUWORTHS INTERNATIONAL LIMITED - Amendment to Voluntary Update - Remuneration Policy Implementation Report: Long term Incentive Targets

Amendment to Voluntary Update - Remuneration Policy Implementation Report: Long term Incentive Targets

TRUWORTHS INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
PO Box 600, Cape Town, South Africa, 8000
JSE code: TRU; NSX code: TRW
ISIN: ZAE000028296
(“Truworths” or “the Group”)

Amendment to Voluntary Update

Remuneration Policy Implementation Report: Long term Incentive Targets

Shareholders are referred to the announcement, published on the JSE news
service SENS on 16 October 2018, providing information on the targets
applicable to the performance share awards made by Truworths during the
2018 financial period.

Unfortunately the announcement contained a typographical error relating to
the weightings of the respective metrics applicable to the August 2017 award.

The correct information is as follows:

F2020 LTI Targets for August 2017 Award
                               50%           100%           150%        Published
                  Weight      Vesting       Vesting        Vesting       Group
Metric              %         Target        Target         Target        Target

ROA                 35         20%            23%            25%         20-25%
EBIT growth         35         CPI        CPI + 1pp pa   CPI + 2pp pa
                                             Good
Strategic                      Good      Performance      Excellent
Projects            30      Performance      Plus        Performance

Truworths regrets and apologises for the error.

By order of the board


Chris Durham
Company Secretary

Cape Town
17 October 2018

Sponsor in South Africa
One Capital Sponsor Services (Pty) Limited

Sponsor in Namibia
Merchantec Capital Namibia (Pty) Ltd

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