TRUWORTHS INTERNATIONAL LIMITED - BUSINESS ACQUISITION

TRUWORTHS INTERNATIONAL LIMITED - BUSINESS ACQUISITION                          
TRUWORTHS INTERNATIONAL LIMITED                                                 
(Registration number 1944/017491/06)                                            
JSE Share Code: TRU                                                             
ISIN: ZAE000028296                                                              
("the company")                                                                 
BUSINESS ACQUISITION                                                            
Truworths International Limited ("Truworths") is pleased to announce that it has
concluded an agreement to acquire a controlling interest in Young Designers     
Emporium ("YDE") with effect from 1 December 2003. The agreement is inter alia  
conditional upon satisfactory findings during a due diligence investigation and 
the approval of competition authorities.                                        
The YDE chain offers leading edge niche fashion merchandise under various       
emerging labels, and operates nationally from ten stores in premier shopping    
malls, as well as from a factory shop outlet. The founder of the business, Paul 
Simon, has been retained as YDE"s chief executive officer and together with his 
brother Mark will hold a minority interest.                                     
The intended acquisition will be financed from the group"s cash resources and is
not expected to have a significant effect on Truworths headline earnings, or net
asset value, per share for the year to 30 June 2004.                            
Chris Durham                                                                    
Company Secretary                                                               
Truworths International Limited                                                 
Tel 021 4607502                                                                 
Fax 021 4607132                                                                 
7 January 2004                                                                  
Date: 07/01/2004 01:13:02 PM Supplied by www.sharenet.co.za                     
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