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MSM - Massmart Holdings Limited - Sales Update

Release Date: 17/10/2011 14:17
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Sales Update Massmart Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1940/014066/06 Share Code: MSM ISIN Code: ZAE000152617 ("Massmart" or the "Company") SALES UPDATE Included in the Massmart June 2011 annual report, to be released on Massmart`s website and distributed to shareholders today, are the following paragraphs: "Massmart`s total sales increased by 14.7% for the first 14 weeks to 2 October 2011, with product inflation averaging -0.7%. Comparable sales increased by 8.0% for the same period. "With the first quarter`s sales indicating a return to stability with growth in all categories and Divisions, the financial year ahead looks to be solid. Management will have to balance operating discipline with the investment in growth and the speed of Integration. We will also have to balance the sometimes divergent interests of different stakeholders." The financial information on which this outlook statement is based has not been reviewed or reported on by the Company`s external auditors. 17 October 2011 Johannesburg Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 17/10/2011 14:17:00 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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