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MSM - Massmart - Trading Statement For The Financial Year To 28 June 2009 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the Group") Massmart trading statement for the financial year to 28 June 2009 Reporting 52-weeks compared to 53-weeks Shareholders are reminded that the June 2008 statutory financial year was a 53-week period and so the financial results for that period are not strictly comparable to this financial year`s 52-week period. For this reason, this financial year`s results will be compared to the results for the equivalent 52-week period in the prior year. For completeness however, the figures comparing this year`s 52-week period to the prior year`s 53-week period are also shown below. Unrealised Foreign Currency Translation Effect Due to the global economic crisis, many African countries` currencies weakened significantly in the six months to June 2009. In Massdiscounters` African stores, these weaker currencies gave rise to a larger than anticipated unrealised foreign currency balance sheet translation loss. Consequently, the Group will report an estimated total net unrealised translation loss of R78 million (prior year: R63 million unrealised gain). Expected Group Financial Results Comparing this financial year to the equivalent 52-week period in the prior year: - Including the Group`s net foreign currency translation effect, the 2009 headline earnings per share (HEPS) is expected to be between 0% and 8% below the prior year HEPS figure of 634 cents. - Excluding the net foreign currency translation effect from both financial years however, the 2009 adjusted HEPS is expected to be between 0% and 8% higher than the equivalent prior year adjusted HEPS figure of 612 cents. Comparing this financial year to the prior year`s 53-week period: - HEPS is expected to be between 4% and 12% below the prior year`s HEPS figure of 663 cents. - Attributable earnings and earnings per share are expected to be between 3% and 11% below the prior year figures of R1 314 million and 660 cents respectively. Massmart`s reviewed preliminary results for the financial year to June 2009 will be released on 27 August 2009. The above information has not been reviewed or reported on by Massmart`s auditors. Johannesburg 16 July 2009 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 16/07/2009 08:43:01 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.
