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WOOLWORTHS HOLDINGS LIMITED - TRADING STATEMENT FOR 52 WEEKS TO 30 JUNE 2003

Release Date: 10/07/2003 08:30
Code(s): WHL
Wrap Text

WOOLWORTHS HOLDINGS LIMITED - TRADING STATEMENT FOR 52 WEEKS TO 30 JUNE 2003 WOOLWORTHS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1929/001986/06) ISIN ZAE000028288 JSE Share Code: WHL TRADING STATEMENT FOR 52 WEEKS TO 30 JUNE 2003 Woolworths operating group increased sales by 15.4% in the 52 weeks to 30 June 2003 compared to the 53 week period last year. Sales from comparable stores grew by 12.3% against last year. The impact of the additional week last year on all the Woolworths figures is approximately 1.9% over the year and 3.8% in the second half of the year. Clothing and home sales grew by 11.6% against last year and 10.2% in comparable South African stores. Ladieswear and lingerie continued to perform well despite the late winter, while home and childrenswear performed below expectations. Food sales increased by 20.6% against last year and 14.7% in comparable South African stores. Despite sales in the final quarter being lower than the third quarter, both divisions gained market share in the year. Trading conditions in the second half in Australia remained very competitive with considerable discounting and promotional activity from major department stores. Country Road sales from continuing operations, in Australian dollar terms, for the year ended 30 June 2003 are expected to be flat on the same period last year. (52 weeks vs. 52 weeks) Woolworths Holdings Limited"s annual results for the year ended 30 June 2003 are scheduled to be announced on 21 August 2003. END Contact: Simon Susman: Chief Executive Officer - 083 252 5696 Norman Thomson: Financial Director - 083 251 6354 SPONSOR HSBC Date: 10/07/2003 08:30:04 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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