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TAS - Taste Holdings Limited - Voluntary Sales Update

Release Date: 31/01/2011 13:18
Code(s): TAS
Wrap Text

TAS - Taste Holdings Limited - Voluntary Sales Update TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/002239/06) JSE code: TAS ISIN: ZAE000081162) ("Taste" or "the company") VOLUNTARY SALES UPDATE Taste is pleased to report that both its Food and Jewellery divisions experienced system-wide sales growth for December 2010 when compared to December 2009. The Food division, which consists of Scooters Pizza, Maxi`s and St Elmo`s; grew system-wide sales by 30% over December 2009. Same-store sales exceeded expectations with growth of 6% despite price reductions in the Pizza division (Scooters Pizza & St Elmo`s) over the December 2009 period. January same-store sales have continued the positive trend with a further increase of over 6% anticipated for January, over the comparable period in 2010. The Jewellery division, consisting of NWJ, grew system-wide sales by 10.7% when compared to December 2009. This is particularly pleasing as it is off a positive increase of 7% in December 2009 over December 2008. Same-store sales in this category were as expected due to delayed consumer spending as consumers took advantage of post-Christmas sales. As such, same-store sales for December 2010 declined 2.5% over the 2009 period, while January 2011 same- store sales are anticipated to increase 7% over January 2010. Johannesburg 31 January 2011 Designated Adviser Vunani Corporate Finance Date: 31/01/2011 13:18:01 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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