TRUWORTHS - ANOTHER AUSTRALIAN SALE

TRUWORTHS INTERNATIONAL LIMITED
ANOTHER AUSTRALIAN SALE FOR TRUWORTHS

THE VOLUNTARY ADMINISTRATORS OF TRUWORTHS INTERNATIONAL LTD'S AUSTRALIAN
SUBSIDIARY,  SPORTSGIRL SPORTSCRAFT GROUP PTY LTD, TODAY ANNOUNCED IN MELBOURNE
THE SUCCESSFUL SALE OF THE DAVID LAWRENCE CHAIN OF STORES.

THE SALE WAS TO AN ENTITY ASSOCIATED WITH MALCOLM WEBSTER HOLDINGS PTY LTD, AN
ESTABLISHED APPAREL DESIGNER AND SUPPLIER IN AUSTRALIA.

THE SALE, FOR AN UNDISCLOSED SUM, FOLLOWS THE SALE IN DECEMBER OF THE

SPORTSGIRL STORE NETWORK TO THE SUSSAN CORPORATION.

THE REMAINING PARTS OF THE BUSINESS UNDER NEGOTIATION FOR SALE ARE THE
SPORTSCRAFT STORES AND THE AYWON INTERNATIONAL MANUFACTURING ARM.

THE VOLUNTARY ADMINISTRATORS WERE APPOINTED LAST NOVEMBER  AFTER WORSE THAN
EXPECTED LOSSES PROMPTED TRUWORTHS TO REASSESS ITS INVESTMENT IN ITS
SUBSIDIARY.
- ENDS -
ISSUED FOR:      TRUWORTHS INTERNATIONAL LIMITED

BY:              DE KOCK & KERKHOFF COMMUNICATION CONSULTANTS

ENQUIRIES:       CHRIS DURHAM/WAYNE VAN DER MERWE 021-460-7502

                 MIKE KERKHOFF, DEK&K, 021 - 424 5280
ADILE WAPNICK
DE KOCK & KERKHOFF COMMUNICATION CONSULTANTS
TEL +27 21 424 5280
FAX +27 21 424 5290
E-MAIL ADELE@DKK.CO.ZA