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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 December 2012 integrated annual
report, to be released on Massmart`s website and distributed
to shareholders today, are the following paragraphs:
"For the 14 weeks to 31 March 2013, total sales increased by
10.3% and comparable sales increased by 6.0%, continuing the
slower sales trends experienced towards the close of the
financial year.
“The South African consumer environment remains difficult and
sales growth may be under some pressure for the remainder of
the financial year. If the current sales trends continue, it
will be difficult to meet our objective which is to achieve
trading profit growth (excluding foreign exchange movements
and Walmart transaction costs) equal to sales growth.
“Value extracted from integration will be invested in price"
The financial information on which this outlook statement is
based has not been reviewed or reported on by the Company`s
external auditors.
22 April 2013
Johannesburg
Sponsor: Deutsche Securities (SA) Proprietary Limited
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