First quarter operational update FY 2013 Cashbuild – First quarter operational update FY 2013 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB ISIN: ZAE000028230 (“Cashbuild” or “the company”) FIRST QUARTER OPERATIONAL UPDATE – FY 2013 In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 4% on the first quarter of the prior financial year. Stores opened since 1 July 2011 (new stores – 5 stores) contributed 1% of the increase, whilst existing stores (186 stores) contributed 3%. Transactions through the tills during the 1st quarter increased by 1% contributed by new stores’ growth of 1% while existing stores remained at similar levels to that of the prior year mainly due to the 5 stores closed since September 2011. Units sold are at same levels to that of the prior year. Existing stores unit growth decreased by 1% and new stores contributing 1%. One new store was opened during this quarter and one planned store closure was completed during the quarter, therefore the number of stores trading at the end of the quarter remained at 191. Three stores were refurbished during this quarter and two stores were relocated. In addition to the factual part of the operational update given above, the following paragraph only deals with indicative information. Management is focussed on improving the lower than expected growth in revenue experienced during the first quarter. Trading conditions remained tough throughout the quarter. Selling inflation was at levels around 2.5% at the end of September 2012 when compared to September 2011. Gross profit percentage margins are higher than those experienced for the comparative quarter of the prior year, but have decreased from levels reported for the first half of the prior financial year. Detail per region The breakdown per region of the factual information given in the update above is reflected in the following three tables: Revenue versus prior year per region Total New Existing Percentage of total sales % % % % South Africa Q1 5 1 4 88 Lesotho Q1 (7) - (7) 3 Namibia Q1 (15) - (15) 1 Swaziland Q1 (13) - (13) 4 Botswana (in Rand) Q1 5 - 5 4 Botswana (in Pula) Q1 5 - 5 Malawi (in Rand) Q1 (29) - (29) - Malawi (in Kwatcha) Q1 27 - 27 Total Cashbuild Q1 4 1 3 100 Transactions versus prior year per region Total New Existing Percentage of total transactions % % % % South Africa Q1 1 1 - 89 Lesotho Q1 1 - 1 2 Namibia Q1 (13) - (13) 3 Swaziland Q1 1 - 1 2 Botswana Q1 (2) - (2) 4 Malawi Q1 2 - 2 - Total Cashbuild Q1 1 1 - 100 Number of stores – end quarter two Total New Existing Percentage of total % South Africa 166 5 161 86 Lesotho 5 - 5 3 Namibia 3 - 3 2 Swaziland 6 - 6 3 Botswana 10 - 10 5 Malawi 1 - 1 1 September 2013 total 191 5 186 100 2 November 2012 Sponsor Nedbank Capital Date: 02/11/2012 12:00:00 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.