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TRU - Truworths International Limited - Business update Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU NSX Code: TRW ISIN: ZAE000028296 BUSINESS UPDATE Truworths International Limited (the Group) announces that Group retail sales for the first 18 weeks (from 28 June until 31 October 2010) of the 2011 financial period increased by 14.7% to R 2.6 billion relative to the corresponding period in the 2010 financial period. Comparable (same store) retail sales increased by 10.7% and product inflation averaged less than 3% in the 18 week period. Trading space increased by 4.5% relative to the prior corresponding period end. The sales growth during this period has given management reason to have a more positive outlook than anticipated a few months ago. Nevertheless given the volatility in world economies, management remains cautious for the balance of the financial year. Management will remain focussed on the effective implementation of its business philosophy which has served it well over so many years. The supply of internationally inspired, high quality fashionable clothing to youthful South Africans will continue to be the driver of the Group`s strategy for the period ahead. At the end of the 18 week period the Group`s debtors` book had increased by 15.2% to R3.0 billion relative to the corresponding date in 2010, and the performance of the debtors` book remains in line with management`s expectations. Shareholders are further advised that Truworths International was awarded the `Emerging Market Retailer of the Year Award` at the prestigious Oracle World Retail Awards, which took place last week in Berlin Germany. The awards were held during the annual World Retail Congress attended by 1,149 retailers and senior industry executives from across 56 countries. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Group`s interim results for the 26 week period to 26 December 2010 are scheduled to be announced on or about 24 February 2011. 4 November 2010 Cape Town JSE Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 04/11/2010 10:00:09 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
