Cashbuild - First quarter operational update FY 2007

Cashbuild - First quarter operational update FY 2007                            
CASHBUILD LIMITED                                                               
(Registration number: 1986/001503/06)                                           
(Incorporated in the Republic of South Africa)                                  
JSE share code: CSB & ISIN: ZAE000028320                                        
("Cashbuild" or "the company")                                                  
FIRST QUARTER OPERATIONAL UPDATE - FY 2007                                      
In line with past disclosure, Cashbuild herewith provides its quarterly         
trading update.                                                                 
Revenue for the company was up by 21% on the first quarter of the prior         
financial year. Stores opened since 1 July 2005 (new stores) contributed        
12% of the increase, whilst existing stores increased by 9%. The                
breakdown per region is as follows:                                             
Revenue increase Q1 on prior  Total    New      Existing                        
year per region                                                                 
%        %        %                               

South Africa                  24       12       12                              
Lesotho                       9        -        9                               
Namibia                       31       17       14                              
Swaziland                     3        7        (4)                             
Botswana (in Rand)            20       -        20                              
Malawi (in Rand)              3        -        3                               
Transactions through the tills increased by 24% with new stores adding          
15% and existing stores growing by 9%.                                          
Transactions increase Q1 on   Total    New      Existing                        
prior year per region                                                           
                              %        %        %                               
South Africa                  24       15       9                               
Lesotho                       9        -        9                               
Namibia                       44       23       21                              
Swaziland                     25       13       12                              
Botswana                      16       -        16                              
Malawi                        7        -        7                               
Units sold increased by 19%. New stores added 11% whilst existing stores        
added 8% to the growth.                                                         
Two new stores were opened during this quarter bringing the number of           
stores trading at the end of the quarter at 152. One store was relocated        
during this quarter.                                                            
Number of stores - end Q1     Total    New      Existing                        
South Africa                  126      17       109                             
Lesotho                       5        -        5                               
Namibia                       4        1        3                               
Swaziland                     6        1        5                               
Botswana                      10       -        10                              
Malawi                        1        -        1                               
In addition to the factual part of the operational update given above the       
following paragraphs will only deal with indicative information.                
Gross profit margins (not operating margin) remained at similar levels to       
that of the prior comparable quarter.                                           
Following measures introduced in the 2nd half of the prior financial year       
as well as the non-recurrence of certain once-of expenses, operating            
expenses for the quarter remain well under control.                             
Prospects                                                                       
Management is pleased with the trading results for the quarter with the         
effect of corrective measures positively contributing to revenue for the        
quarter. Managements" outlook remains positive regarding trading for the        
rest of the calendar year.                                                      
16 October 2006                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 16/10/2006 05:36:26 PM Supplied by www.sharenet.co.za                     
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