Fourth quarter operational update - FY 2014 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB ISIN: ZAE000028320 (“Cashbuild” or “the company”) FOURTH QUARTER OPERATIONAL UPDATE – FY 2014 In line with past practice and disclosure, Cashbuild herewith provides its quarterly operational update. Revenue for the company was up by 6% on the fourth quarter of the prior financial year. Stores opened since 1 July 2012 (new stores – 24 stores) contributed 6% of the increase, whilst existing stores (191 stores) remained at similar levels. Twelve of the 24 new stores opened, are in proximity of existing Cashbuild stores, causing an overlap of trading area with resultant impact on existing stores sales growth and customer transactions. The growth for the fourth quarter together with the growth of previous quarters reported, equates to an increase in revenue for the year of 6%. Transactions through the tills during the fourth quarter increased by 5% compared to the fourth quarter of the prior financial year. New stores contributed an increase of 7% while existing stores decreased by 2%. Total units sold for the fourth quarter increased by 1% to the prior year with existing stores decreasing by 4%. Five new stores were opened, two stores were refurbished and one relocated during the fourth quarter. For the financial year, 15 new stores were opened, 20 refurbished and seven stores were relocated, bringing the total number of stores trading at the end of the financial year to 215. Six Cashbuild DIY pilot stores (not included in the above number), were trading at the end of the fourth quarter. Trading conditions remained tough throughout the quarter. Selling inflation was at 5% at the end of June 2014 when compared to June 2013. Gross profit percentage margins remain strong and increased from levels reported at the half 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 increase on prior Total New Exist Percen- year per region Growth -ing tage of total sales % % % % Cashbuild Group Half year 7 4 3 100 Q3 6 6 - 100 Q4 6 6 - 100 Full year 6 5 1 100 South Africa Half year 6 5 1 87 Q3 5 5 - 87 Q4 5 6 (1) 87 Full year 6 6 - 87 Lesotho Half year 11 - 11 3 Q3 (12) - (12) 3 Q4 (13) - (13) 2 Full year (2) - (2) 3 Namibia Half year 31 - 31 2 Q3 26 - 26 2 Q4 18 - 18 2 Full year 27 - 27 2 Swaziland Half year 14 2 12 4 Q3 22 12 10 4 Q4 19 13 6 4 Full year 17 7 10 4 Botswana(in Rand) Half year 12 - 12 4 Q3 7 - 7 4 Q4 7 - 7 4 Full year 9 - 9 4 Botswana(in Pula) Half year 3 - 3 Q3 (2) - (2) Q4 1 - 1 Full year 1 - 1 Malawi (in Rand) Half year 36 8 28 - Q3 38 47 (8) - Q4 51 43 8 1 Full year 41 28 9 - Malawi(in Half year 42 8 34 Kwatcha) Q3 30 42 (12) Q4 57 45 12 Full year 43 28 15 Transaction increase on prior Total New Exis Percen- year per region Growth t- age of ing total transac -tions % % % % Cashbuild Group Half year 2 5 (3) 100 Q3 2 4 (2) 100 Q4 5 7 (2) 100 Full year 3 5 (2) 100 South Africa Half year 2 5 (3) 89 Q3 2 4 (2) 89 Q4 5 7 (2) 89 Full year 3 5 (2) 89 Lesotho Half year 2 - 2 2 Q3 (9) - (9) 2 Q4 (7) - (7) 2 Full year (2) - (2) 2 Namibia Half year 13 - 13 2 Q3 8 - 8 2 Q4 10 - 10 2 Full year 12 - 12 2 Swaziland Half year 4 1 3 3 Q3 10 13 (3) 3 Q4 10 14 (4) 3 Full year 7 8 (1) 3 Botswana Half year (3) - (3) 4 Q3 (2) - (2) 4 Q4 2 - 2 4 Full year (1) - (1) 4 Malawi Half year 7 3 4 - Q3 21 24 (3) - Q4 29 36 (7) - Full year 16 16 - - Unit increase on prior year Total New Exist- Growth ing % % % Cashbuild Group Half year 8 4 4 Q3 - 3 (3) Q4 1 5 (4) Full year 4 4 - Number of stores – end of Total New Existing Percentage year of total % South Africa 188 22 166 87 Lesotho 5 - 5 2 Namibia 3 - 3 2 Swaziland 7 1 6 3 Botswana 10 - 10 5 Malawi 2 1 1 1 Total 215 24 191 100 Prospects Management expect trading conditions to remain competitive into the first quarter of the new financial year. Store development activity is expected to continue at levels seen over the past year. Sponsor Nedbank Capital 21 July 2014 Date: 21/07/2014 12:00:00 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.