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TRUWORTHS INTERNATIONAL LIMITED - Voluntary trading statement for the 52 weeks ended 30 June 2013

Release Date: 22/07/2013 11:28
Code(s): TRU     PDF:  
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Voluntary trading statement for the 52 weeks ended 30 June 2013

Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296

VOLUNTARY TRADING STATEMENT FOR THE 52 WEEKS ENDED 30 JUNE 2013

Truworths International Limited (the Group) expects that both basic and headline earnings
per share for the 52-week period ended 30 June 2013 (the current period) relative to the
prior 53-week period ended 1 July 2012 (the prior period) will increase between 7% and
9%. This would equate to between 10% and 13% respectively if the effect of the additional
trading week in the prior period is excluded.

In the current period, Group retail sales increased by 10.7% (12.9% for the comparable 52-
week period) to R 10.1 billion while product inflation averaged 2%. Like-for-like store retail
sales grew by 5.7% (7.8% for the comparable 52-week period) for the current period and
trading space increased by 8% relative to the prior period-end.

At the end of the current period the Group’s gross trade receivables had increased by 11.3%
to R 4.2 billion relative to the prior period-end. Credit sales contributed 72% (prior period
73%) to retail sales. In line with the board’s outlook paragraph disclosed in the Group’s
unaudited interim results for the 26 weeks ended 30 December 2012, the credit
environment deteriorated during the period which impacted on both the Group’s delinquency
experience and active account growth.

Shareholders are advised that this trading statement does not constitute an earnings
forecast, and that the financial information provided has neither been reviewed nor reported
on by the external auditors.

22 July 2013
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd

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