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WHL - Woolworths Holdings - Trading Statement

Release Date: 20/05/2009 16:00
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings - Trading Statement Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Share code: WHL ISIN: ZAE000063863 ("Woolworths Holdings" or "the group") TRADING STATEMENT In the Unaudited results for the 26 weeks ended December 2008 released by Woolworths Holdings on SENS on 19 February 2009, the group stated that earnings per share ("EPS") was 94.4% higher than the results for the corresponding reporting period of the previous year ("corresponding period"). This was primarily due to the profit made on the disposal of a 50% plus one share of Woolworths Financial Services to ABSA Group Limited on 1 October 2008 of approximately R380 million("the transaction"). Woolworths Holdings is currently reviewing its trading for the year ended June 2009 and would like to highlight that the transaction will accordingly flow into the full year results. Consequently, EPS will be more than 20% higher than the corresponding period. Due to the significance of the peak winter retail trading season and fluctuating exchange rates, it is however not yet possible to quantify the impact on EPS within the 20% range required by the JSE Limited Listings Requirements ("JSE Listings Requirements") with a reasonable degree of certainty or to provide guidance on headline earnings per share ("HEPS"). A further trading statement will be issued later in the reporting period and provide earnings forecast ranges for EPS and HEPS as required by the JSE Listings Requirements. Shareholders are advised that the financial information contained in this announcement has not been reviewed or reported on by the group`s external auditors. The group`s results for the full year ending June 2009 are due to be released on SENS on or about 27 August 2009. Contact: Simon Susman (Chief executive officer) on 021 407 2700 Norman Thomson (Finance director) on 021 407 3337 Cherrie Lowe (Group secretary) on 021 407 3160 Cape Town 20 May 2009 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/05/2009 16:00:02 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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