TAS - Taste Holdings Limited - Voluntary sales update

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")                                                                       
VOLUNTARY SALES UPDATE                                                          
Taste is pleased to report that both its food and jewellery divisions           
experienced positive sales growth in December 2011, building on the             
positive growth recorded in the first half of the year.                         
Consequently, for the period 1 March 2011 to 31 December 2011 ("year-to-        
date") the Jewellery division, consisting of the NWJ brand, recorded a          
system-wide sales increase of 4.2% when compared to the comparable period       
in 2010.  This increase was on the back of fewer jewellery stores.  Same-       
stores sales growth increased from 0.5% for the 6 months ended 31 August        
2011, to 1.5% for the year-to-date.  Of significance was the continued          
strong sales performance of the 18 corporate owned jewellery outlets, with      
a year-to-date same-store sales increase of 14.6%.                              
The food division, consisting of Scooters Pizza, St Elmo`s Woodfired Pizza      
and Maxi`s,  shows a year-to-date increase in system-wide sales of 26.6%        
with same-store-sales increasing 5.4% for that period.                          
Johannesburg                                                                    
18 January 2012                                                                 
Sponsor                                                                         
Vunani Corporate Finance                                                        
Date: 18/01/2012 15:41:01 Supplied by www.sharenet.co.za                     
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