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MSM - Massmart - Sales Update For The 44 Weeks To 3 May 2009

Release Date: 12/05/2009 07:05
Code(s): MSM
Wrap Text

MSM - Massmart - Sales Update For The 44 Weeks To 3 May 2009 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the Company") Sales update for the 44 weeks to 3 May 2009 Today Massmart is hosting an analysts` store visit in the Gauteng region and is providing the following brief sales update: For the 44 weeks to 3 May 2009, Massmart`s total sales increased to R36.7 billion, a growth of 11.8% over the prior period, and comparable store sales grew 9.7%. Inflation for the period is estimated at 11.8%. Total sales growth for each division for the 44-week period was as follows: - Massdiscounters grew 12.5% with inflation of 4.6%; - Masswarehouse grew 12.5% with inflation of 13.4%; - Massbuild grew 0.3% with inflation of 12.5%; and - Masscash grew 15.9% with inflation of 16.7%. In Massdiscounters the recent strength in the South African currency has reduced the rate of growth of Game`s African stores when reported in Rands, although this growth remains very strong. In Masscash the recent change to the BATSA cigarette wholesaling model reduced total sales growth in that division for the 44-week period by approximately 4%. For the same reason the Massmart Group total and comparable sales growths were reduced by approximately 1.3% each. In line with past practice, during the week of 6 July 2009 Massmart will release a sales update for the financial year to June 2009. The above information has not been reviewed or reported on by the Company`s auditors. Johannesburg 12 May 2009 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 12/05/2009 07:05:02 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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