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CASHBUILD LIMITED - SECOND QUARTER OPERATIONAL UPDATE FY 2013

Release Date: 30/01/2013 07:30
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SECOND 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”)

SECOND QUARTER OPERATIONAL UPDATE – FY 2013

Cashbuild is currently in the process of finalising its results for the half-year ended December
2012. In line with past practice and disclosure, Cashbuild herewith provides its quarterly
operational update.

Revenue for the company was up by 1% on the second quarter of the prior financial year. Stores
opened since 1 July 2011 (new stores – 7 stores) contributed 2% of the increase, whilst existing
stores (187 stores) decreased by 1%. This, together with the growth reported in quarter one,
equates to an increase in revenue for the half year of 2%.

Transactions through the tills during the 2nd quarter and half year remained at similar levels to
that of the comparative periods. New stores increased with 2% and existing stores decreased with
2%. Total units sold decreased by 5%, with existing stores’ units decreasing by 7%. Half year
units sold decreased by 2% on prior half year, with existing stores’ units decreasing by 4%.

Two new stores were opened during this quarter (half year: 3 stores) bringing the number of
stores trading at the end of the half year period to 194. Ten stores were refurbished during this
quarter (half year: 13), and two stores were relocated (half year: 4).

In addition to the factual part of the operational update given above, the following paragraphs will
only deal with indicative information.

Selling inflation was at 1.9% at the end of December 2012 when compared to December 2011.
Gross profit percentage margins for the half year are higher than the comparative period of the
prior year but have declined from those reported in the second 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
                                      Q2           1           2           (1)            88
                                     Half          3           2            1             88
                                     Year

Lesotho                               Q1          (7)          -           (7)             3
                                      Q2           -           -            -              3
                                     Half         (3)          -           (3)             3
                                     Year
Namibia                              Q1          (15)          -          (15)             1
                                     Q2           (6)          -           (6)             1
                                    Half         (10)          -          (10)             1
                                    Year

Swaziland                            Q1          (13)          -          (13)             4
                                     Q2           (4)          -           (4)             4
                                    Half          (9)          -           (9)             4
                                    Year

Botswana (in Rand)                   Q1            5           -            5              4
                                     Q2            2           -            2              4
                                    Half           3           -            3              4
                                    Year
Botswana (in Pula)                  Half           2           -            2
                                    Year

Malawi (in Rand)                     Q1          (29)          -          (29)             -
                                     Q2           (4)          -           (4)             -
                                    Half         (17)          -          (17)             -
                                    Year
Malawi (in Kwatcha)                 Half          52           -           52
                                    Year

Total Cashbuild                      Q1            4           1            3            100
                                     Q2            1           2           (1)           100
                                    Half           2           2            -            100
                                    Year


Transactions versus prior year per region   Total   New   Existing    Percentage
                                                                        of total
                                                                     transactions
                                             %      %       %              %

South Africa                         Q1       1     1       -            89
                                     Q2      (1)    3      (2)           89
                                    Half      -     2      (2)           89
                                    Year

Lesotho                              Q1       1     -       1             2
                                     Q2      (2)    -      (2)            2
                                    Half     (1)    -      (1)            2
                                    Year

Namibia                              Q1     (13)     -    (13)            3
                                     Q2     (10)     -    (10)            2
                                    Half    (12)     -    (12)            2
                                    Year

Swaziland                            Q1       1      -      1             2
                                     Q2       3      -      3             3
                                    Half      2      -      2             3
                                    Year

Botswana                             Q1      (2)     -     (2)            4
                                     Q2      (3)     -     (3)            4
                                    Half     (3)     -     (3)            4
                                    Year

Malawi                               Q1       2      -      2             -
                                     Q2      15      -     15             -
                                    Half      8      -      8             -
                                    Year

Total Cashbuild                      Q1       1      1      -           100
                                     Q2       -      2     (2)          100
                                    Half      -      2     (2)          100
                                    Year

Number of stores – end quarter two          Total   New   Existing   Percentage of
                                                                         total
                                                                           %
South Africa                                169      7      162            86
Lesotho                                       5      -        5             3
Namibia                                       3      -        3             2
Swaziland                                     6      -        6             3
Botswana                                     10      -       10             5
Malawi                                        1      -        1             1
Total                                       194      7      187           100


30 January 2013

Sponsor
Nedbank Capital

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