Business Update Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU NSX Code: TRW ISIN: ZAE000028296 BUSINESS UPDATE In the board’s outlook paragraph in the Group’s 2013 preliminary report published on 22 August 2013, predictions were that the economy and consequently the credit environment were unlikely to improve in the 2014 financial period and restrictive credit granting criteria were likely to limit account acquisition and credit sales. Against this backdrop, Truworths International Limited (the Group) announces that Group retail sales for the first 18 weeks until 3 November 2013 of the 2014 financial period increased by 7% to R 3.5 billion, compared to a 15.9% increase in the corresponding prior period, with credit sales growth of 5% and cash sales growth of 12%. Like-for-like store retail sales for the 18 week period reflected an increase of 2% while product inflation averaged 6%. Credit sales comprised 71% of retail sales (2013: 72%) during the period. The trade receivables book has increased by 9% over the corresponding prior period-end to R 4.3 billion. As previously advised, the Group has extensive experience in managing credit risk in tough market conditions and will continue to apply strategies to ensure the continued health of the debtors’ book and profitability of the business. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Group’s interim results for the 26 week period ending 29 December 2013 are scheduled for release on or about 20 February 2014. 7 November 2013 Cape Town JSE Sponsor: One Capital NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 07/11/2013 09:45:00 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.