TASTE HOLDINGS LIMITED - Voluntary sales update

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 an increase in group system-wide
sales of 41% for the month of December 2012 when compared to
December 2011. Comparative group system-wide sales for the
four month period since the last reported half-year results (1
September 2012 to 31 December 2012) increased 58%, when
compared to the same four months in 2011.

System-wide sales in the Jewellery division for the period 1
September 2012 to 31 December 2012 increased 10%, when
compared to the same period in 2011, while same store sales
increased 11%.   For the same four month comparative period,
same store sales in franchise and corporate stores increased
10% and 14%, respectively.

The Food Services division’s sales increased substantially in
December 2012, as expected, with the revenue from the new
distribution business which began in August 2012. This
business, still in its start-up phase, continues to incur
start-up costs and is still in the process of reaching its
operational efficiency targets.

System-wide sales in the Food Franchising division for the
period 1 September 2012 to 31 December 2012 increased 81% when
compared to the same period in 2011, while same-store sales
were flat.   The division built 52 new outlets in the four
month period since 1 September 2012 and is expected to open a
further 10 outlets prior to year end.

Johannesburg
18 January 2013

Sponsor
Vunani Corporate Finance

Date: 18/01/2013 02:10:00 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.