Truworths International Limited - Trading update

Truworths International Limited - Trading update                                
Truworths International Limited                                                 
(Registration no. 1944/017491/06)                                               
(" the company")                                                                
Code : TRU                                                                      
ISIN  : ZAE000028296                                                            
Trading Update                                                                  
16 July 2003                                                                    
Truworths International Limited ("Truworths") announced that sales of           
merchandise in the 52 weeks to 30 June 2003 increased by 16.2 % to R2.306       
billion from R1.984 billion in 2002. The comparative sales growth in the 2002   
financial year was 24.4 %.                                                      
Sales in 2002 were based on a 53 week trading period; if the sales of the 53rd  
week are excluded, then comparable sales growth for 2003 would have been 18.7 %.
This growth has resulted in annual sales exceeding R2.3 billion and represents a
more than doubling of turnover since 1997 when sales topped R1 billion.         
As predicted, sales growth slowed in most product categories during the second  
half as a result of declining price inflation and softening consumer demand as a
result of high real interest rates.                                             
The slower sales growth for this period was achieved against the background of a
strong trading base established over past years, and the effect of an additional
week in the previous period.                                                    
Truworths results for the 52-week period to 30 June 2003 are scheduled to be    
announced on 21 August 2003.                                                    
Sponsor                                                                         
HSBC                                                                            
WvdM / smk                                                                      
Wednesday 16 July 2003                                                          
Date: 16/07/2003 02:23:03 PM Supplied by www.sharenet.co.za                     
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