TFG - The Foschini Group Limited - Sales Update

TFG - The Foschini Group Limited - Sales Update                                 
THE FOSCHINI GROUP LIMITED (FORMERLY FOSCHINI LIMITED)                          
Reg. No.: 1937/009504/06                                                        
Code: TFG                                                                       
ISIN: ZAE000148466                                                              
Sales Update                                                                    
In our interim results, we indicated that trading had been encouraging and that 
we were cautiously optimistic regarding trading for the remainder of the year.  
Christmas trading was above expectation across all divisions with sales growth  
for December of 22,5% and same store growth of 17,2%.                           
Compared to the corresponding period last year, group sales for the three months
October to December 2010 increased by 18,5%, whilst sales for comparable stores 
increased by 13,7%.                                                             
Merchandise inflation for the period averaged 1%.                               
Our retail debtors` book continues to be well managed, reflecting positive      
collections with net bad debt as a percentage of closing debtors` book at       
similar levels to those reported in our interim results.                        
This sales update has not been reviewed or reported on by the company`s external
auditors.                                                                       
Cape Town                                                                       
17 January 2011                                                                 
SPONSOR                                                                         
UBS South Africa (Pty) Ltd                                                      
ENDS                                                                            
Date: 17/01/2011 11:15:01 Supplied by www.sharenet.co.za                     
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