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TRU - Truworths International Limited - Sales Update

Release Date: 22/05/2008 12:43
Code(s): TRU
Wrap Text

TRU - Truworths International Limited - Sales Update Truworths International Limited (Incorporated in the Republic of South Africa) Registration number 1944/017491/06) JSE Code: TRU NSX Code: TRW ISIN: ZAE000028296 SALES UPDATE Truworths International Limited (`the Group`) announces that in a challenging trading environment, Group retail sales for the 47 week trading period ended on 18 May 2008 increased to R5,166 million, 16.1% higher than the corresponding 46 week period in 2007. Comparable (same store) retail sales have grown by 8.7% and product inflation has approximated 6%. Trading space has increased by 8.6% relative to 24 June 2007. If the effect of the additional week in the current period were to be excluded, Group retail sales would have shown an improvement of 13.9% (6.7% on a comparable (same store) basis). In the 20 week trading period subsequent to the end of the Group`s interim period on 30 December 2007 (the results of which were announced on 21 February 2008), Group retail sales have increased by 12.2% relative to the corresponding period in 2007, with the increase in the last four weeks approximating 10%. Shareholders are advised that the financial information contained in this update has neither been reviewed nor reported on by the external auditors, and that the Group`s audited results for the 53 week period ending on 29 June 2008 are scheduled to be announced on 20 August 2008. Cape Town 22 May 2008 South African Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Namibian Sponsor: Old Mutual Investment Services (Namibia) (Pty) Limited Date: 22/05/2008 12:43:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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