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WOOLWORTHS HOLDINGS LIMITED - Trading update and Trading statement: 53 weeks to 30 June 2013

Release Date: 18/07/2013 09:00
Code(s): WHL     PDF:  
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Trading update and Trading statement:  53 weeks to 30 June 2013

Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
(the Group)

TRADING UPDATE AND TRADING STATEMENT: 53 WEEKS TO 30 JUNE 2013

TRADING UPDATE

The year ended 30 June 2013 had 53 trading weeks (the period) compared to 52 weeks for the
year ended 24 June 2012. Sales performance by the retail operations of the Group for the period
was as follows:

                                          Total stores      Comparable stores      Price
                                             sales               sales             movement
                                      53 weeks   52 weeks   53 weeks   52 weeks
SA Clothing                           13.7%      11.5%      9.3%       7.2%        7.1%
Food                                  15.4%      13.3%      12.1%      10.0%       7.6%
General Merchandise                   9.2%       7.2%       4.9%       3.0%
Country Road (A$)** #                            77.7%                 12.0%
Total Group                           23.2%      21.3%      12.7%      11.0%

** Australia and New Zealand
#
  Country Road did not have a 53 week year

Woolworths retail space, including stores in the rest of Africa, grew by 3.2%, net of closures and
excluding franchise conversions.

Witchery and Mimcos sales are included in the Country Road figures from the effective date of the
acquisition of the Witchery group, 29 September 2012. Net space, excluding the acquisition of the
Witchery group, grew 2.3%. Country Roads South African sales are included in the South African
clothing figures.

The Woolworths Financial Services debtors book reflected year on year growth of 15.8%, with the
impairment rate for the year at 1.9% (2012: 1.9%).


TRADING STATEMENT

We expect earnings per share ("EPS") and headline earnings per share ("HEPS") for the 53-week
period to 30 June 2013 to be respectively 23-28% and 25-30% higher than the corresponding 52-
week reporting period last year. The impact of the additional 53rd week has added approximately
2% to earnings.

Included in both EPS and HEPS are transaction and integration costs of R77m (June 2012: R27m)
relating to the acquisition of the Witchery group, once-off store employee restructuring costs of
R43m and net unrealised foreign exchange gains of R67m (June 2012: R43m), all stated before
tax. The earnings ranges given above will be positively impacted by approximately 3% when
adjusted for these non-core items.

Shareholders are advised that the financial information contained in this announcement has not
been audited, reviewed or reported upon by the Groups external auditors.

The Groups year end results for the 53 week period to 30 June 2013 are scheduled to be
announced on or about 29 August 2013.
Contact:
Ian Moir (Group chief executive officer) on 021 407 2809
Norman Thomson (Group finance director) on 021 407 3337
InvestorRelations@woolworths.co.za

Cape Town
18 July 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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