PRESS RELEASE - TRUWORTHS INTERNATIONAL

THE MANAGING DIRECTOR OF SPORTSGIRL SPORTSCRAFT GROUP, MR FRANK WHITFORD, HAS
RESIGNED FROM THE COMPANY AFTER SOME FIVE YEARS AT THE HELM OF AUSTRALIA'S LONG
STANDING ICON FASHION BRAND THE CHIEF EXECUTIVE OF SOUTH AFRICA'S PUBLICLY
LISTED TRUWORTHS INTERNATIONAL WHICH IS THE MAJORITY SHAREHOLDER IN SPORTSGIRL
SPORTSCRAFT, MR MICHAEL MARK, HAS ACCEPTED MR WHITFORD'S RESIGNATION AS
MANAGING DIRECTOR. MR WHITFORD WILL LEAVE THE COMPANY ON 1 JULY.

TRUWORTHS AND MR WHITFORD ACQUIRED SPORTSGIRL SPORTSCRAFT CORPORATION FROM THE
BARDAS FAMILY IN 1994 WHEN THE COMPANY GOT INTO FINANCIAL DIFFICULTIES.
TRUWORTHS IS THE MAJORITY SHAREHOLDER, WITH 90% OF THE SHAREHOLDING. SINCE
TAKING OVER THE BUSINESS GOOD PROGRESS HAS BEEN MADE TO CONVERT THE SIGNIFICANT
ANNUAL LOSSES INTO A PROFIT, ALBEIT SMALL, THE RECENT ECONOMIC DOWNTURN
CONTRIBUTING TO DIFFICULT TRADING CONDITIONS. THE SPORTSGIRL BRAND IS FIRMLY
POSITIONED IN THE 20 - 24 YEAR OLD MARKET SEGMENT, A TYPICALLY HIGH SPENDING
AGE GROUP ON FASHION APPAREL.

TRUWORTHS INTERNATIONAL'S CHIEF EXECUTIVE, MR MICHAEL MARK, THANKED FRANK
WHITFORD FOR HIS CONTRIBUTION TO THE COMPANY AND SAID HE AND HIS SOUTH AFRICAN
TEAM WERE LOOKING FORWARD TO HAVING MUCH MORE DIRECT INPUT INTO THE RUNNING OF
THE SPORTSGIRL SPORTSCRAFT BUSINESS TOGETHER WITH A HIGHLY COMPETENT AUSTRALIAN
TEAM. SPECIFICALLY MR MARK IS OF THE BELIEF THAT TRUWORTHS VERY GOOD TREND
FORECASTING METHODOLOGY, EXCELLENT INFORMATION SYSTEMS AND MERCHANDISE
PROCUREMENT, PLANNING AND CONTROL PROCESSES WILL BE OF SIGNIFICANT BENEFIT,
ONCE INTEGRATED INTO SPORTGIRL PROPERLY GOING FORWARD.

MICHAEL MARK WILL, WITH IMMEDIATE EFFECT, ASSUME EXECUTIVE RESPONSIBILITY FOR
THE COMPANY. KEVIN WINTERBURN WILL ASSUME THE ROLE OF ACTING MANAGING DIRECTOR
WHILST MICHAEL MARK IS NOT IN AUSTRALIA AND JOY MONTALTO, CURRENT MERCHANDISE
MANAGER OF SPORTSGIRL, IS APPOINTED AS MERCHANDISE DIRECTOR. IN ADDITION MR
TONY TAYLOR, DEPUTY MANAGING DIRECTOR OF TRUWORTHS LIMITED AND TERRI

MURDOCH-COYLE, MERCHANDISE DIRECTOR OF TRUWORTHS LIMITED ARE APPOINTED TO THE
SPORTSGIRL BOARD OF DIRECTORS.

IN SOUTH AFRICA, TRUWORTHS IS ONE OF THE LARGEST SPECIALTY RETAIL CHAIN STORES
IN YOUNG WOMEN'S AND MENS FASHION. THE COMPANY HAS LONG HELD AN AMBITION TO
DEVELOP INTERNATIONALLY. IT IS ONE OF THE HIGHEST RATED STOCKS IN RETAIL SECTOR
OF THE JOHANNESBURG STOCK EXCHANGE. THE SYNERGIES BETWEEN TRUWORTHS AND
SPORTSGIRL AUGUR FOR A MUTUALLY BENEFICIAL, FRUITFUL AND PROFITABLE FUTURE.