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Woolworths Holdings Limited - Trading Update

Release Date: 06/01/2005 08:00
Code(s): WHL
Wrap Text

Woolworths Holdings Limited - Trading Update Woolworths Holdings Limited Registration number : 1929/001986/06 ISIN : ZAE000028288 JSE Code : WHL ("Woolworths") Woolworths operating group increased sales for the six months from July to December 2004 by 15.8% compared to the same period last year. Sales from comparable stores grew by 10.5%. Clothing and Home sales grew by 10.8% in total and by 8.4% in comparable stores whilst Foods sales grew by 20.6% in total and by 12.8% in comparable stores. The average inflation for the period in corporate stores was 0.6% for Clothing and Home and 3.3% for Foods. Volumes therefore grew strongly in both divisions and were ahead of our targets. During the festive season itself, Food sales were ahead of expectations, while Clothing and Home was slightly below. Sales for the Australian subsidiary Country Road, for the six months ending 31 December 2004 were 4.6% higher than the same period last year. Average price deflation across apparel lines during the period were approximately 16%, which resulted in significant volume growth. The publication of the interim results of the company for the 26-week period to 26 December 2004 is scheduled for mid-February 2005. Contact: Simon Susman(Chief Executive Officer) Contact number: 083 252 5696 Norman Thomson(Finance Director) Contact number: 083 251 6354 Cherrie Lowe(Group Company Secretary) Contact number: 083 308 2933 Cape Town 6 January 2005 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE Date: 06/01/2005 08:00:02 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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