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CSB - Cashbuild Limited - Third Quarter Operational Update - Fy 2009 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB ISIN: ZAE000028320 ("Cashbuild" or "the company") THIRD QUARTER OPERATIONAL UPDATE - FY 2009 In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 29% on the third quarter of the prior financial year. Stores opened since 1 July 2007 (new stores - 20 stores) contributed 10% of the increase, whilst existing stores (161 stores) contributed 19%. Transactions through the tills during the 3rd quarter increased by 13% with new stores adding 9% and existing stores 4%. Units sold increased by 19%. Existing stores increased by 9%. No new stores were opened during this quarter. In line with our strategy, one store was closed (trading in close proximity to 2 existing stores), bringing the number of stores trading at the end of the quarter to 181. One store was relocated during this quarter and no refurbishments done. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Prospects Management is very pleased with the growth in revenue experienced during this quarter, which is positively enhanced by the fact that Easter fell in this quarter during the prior year. Management remain positive regarding trading for the fourth quarter. With the substantial reduction in the price of steel in recent months, the prices of steel related products have decreased accordingly. This being a big portion of Cashbuild`s business, as well as the level of stockholding has, and will in the next quarter have a short term negative effect on gross margins as Cashbuild have marked down existing stockholding in line with our strategy of lowest everyday pricing. Detail per region The breakdown per region of the factual information given in the update above is reflected in the following three tables: Revenue increase on prior Percentage Total New Existing year per region of total Growth sales % % % %
South Africa Half year 82 27 7 20 Q3 83 29 11 18
Lesotho Half year 2 29 - 29 Q3 2 26 - 26
Namibia Half year 2 10 - 10 Q3 2 40 - 40
Swaziland Half year 5 17 - 17 Q3 5 10 - 10
Botswana(in Half year Rand) 8 47 - 47 Q3 7 45 - 45
Botswana(in Q3 36 - 36 Pula) Malawi (in Half year Rand) 1 79 - 79 Q3 1 80 - 80 Malawi(in Kwatcha) Q3 31 - 31 Total Half year 100 27 5 22 Q3 100 29 10 19
Transaction increase on Percentage Total New Existing prior year per region of total Growth transactions % % % %
South Africa Half year 86 7 7 - Q3 86 14 11 3
Lesotho Half year 2 5 - 5 Q3 2 10 - 10
Namibia Half year 2 (6) - (6) Q3 2 14 - 14
Swaziland Half year 4 (3) - (3) Q3 4 (1) - (1)
Botswana Half year 6 8 - 8 Q3 5 17 - 17
Malawi Half year - 28 - 28 Q3 1 12 - 12
Total Half year 100 6 6 - Q3 100 13 9 4
Number of stores - end Percentage Total New Existing quarter three of total % South Africa 85 155 20 135 Lesotho 3 5 - 5 Namibia 2 4 - 4 Swaziland 3 6 - 6 Botswana 6 10 - 10 Malawi 1 1 - 1 Total 100 181 20 161 28 April 2009 Sponsor Nedbank Capital Date: 28/04/2009 15:12:11 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.
