TRU - Truworths International Limited - Business Update

TRU - Truworths International Limited - Business Update                         
Truworths International Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1944/017491/06)                                            
JSE Code: TRU                                                                   
NSX Code: TRW                                                                   
ISIN: ZAE000028296                                                              
BUSINESS UPDATE                                                                 
Truworths International Limited (`the Group`) announces that Group retail sales 
for the first 18 weeks (from 29 June until 1 November 2009) of the 2010         
financial year increased by 10% to R 2.3 billion relative to the corresponding  
period in the 2009 financial year. Comparable (same store) retail sales         
increased by 2%, product inflation measured approximately 12% and trading space 
increased by 9% relative to the corresponding period in 2009.                   
Retail trading conditions remained difficult and South African consumers are    
still under pressure despite declining interest rates. Conditions are expected  
to remain challenging for the balance of the 2010 financial year, in line with  
announcements made in the Group`s preliminary and annual reports for the year to
June 2009. Management will continue to focus on expense control, managing the   
risk of credit and consistently applying its merchandise strategies to ensure   
that the risk of fashion is appropriately managed.                              
The debtors` book increased by 11% to R2.6 billion relative to the corresponding
period in 2009 and the performance of the debtors` book remains satisfactory and
in line with management`s expectations.                                         
Shareholders are advised that this update does not constitute an earnings       
forecast, and that the financial information provided has neither been reviewed 
nor reported on by the external auditors. The Group`s interim results for the 26
week period to 27 December 2009 are scheduled to be announced on or about 18    
February 2010.                                                                  
5 November 2009                                                                 
Cape Town                                                                       
JSE Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd                  
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd                 
Date: 05/11/2009 09:45:01 Supplied by www.sharenet.co.za                     
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