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WHL - Woolworths Holdings Limited - Trading Statement

Release Date: 19/05/2010 12:35
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings Limited - 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 The results for the year ending 27 June 2010 ("the period`) will not be comparable due to the disposal of a 50% plus one share of the Woolworths Financial Services business to ABSA Group Limited on 1 October 2008 ("the transaction"). The group is currently reviewing its trading for the period and would like to highlight that the transaction will impact the comparability of the results for the period. In addition, the impact of the unrealised foreign exchange loss of R79m (before tax) recognised in the income statement for the year ended 30 June 2009, and reported on SENS on 1 July 2009, will have unwound in full in the period. Consequently, headline earnings per share ("HEPS`) will be more than 20% higher than the corresponding period. Due to the significance of the peak winter retail trading season, it is not yet possible to quantify the impact on HEPS within the 20% range required by the JSE Limited Listings Requirements ("JSE Listings Requirements") with a reasonable degree of certainty. A further trading statement will be issued later in the reporting period and provide earnings forecast ranges for HEPS and EPS 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 27 June 2010 are due to be released on SENS on or about 26 August 2010. 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 19 May 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/05/2010 12:35:01 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.

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