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 Truworths International Limited (the Group) announces that retail sales for the first 18 trading weeks to 1 November 2015 of the 2016 financial period increased by 19% to R4.4 billion, relative to the corresponding prior period, with cash sales growth of 25% and credit sales growth of 17% including non-comparable retail sales for Earthchild and Naartjie. Excluding the retail sales recorded by the Earthchild and Naartjie businesses that were acquired subsequent to the corresponding prior period, the Group retail sales for the period increased by 16% to R4.3 billion. Like-for-like store retail sales, which exclude Earthchild and Naartjie retail sales, increased by 10% for the period, whilst product inflation averaged 7%. Credit sales comprised 69% of retail sales (2014: 71%) during the period. Credit sales excluding retail sales attributable to the Earthchild and Naartjie businesses comprised 71% of retail sales during the period. Gross trade receivables increased to R 5.4 billion and were 15% higher than at the corresponding prior period-end. The percentage of active account holders able to purchase is at 85% compared to 84% in the corresponding prior period. The Group will continue to utilise its extensive experience to manage the risk of fashion through its proven merchandise design and buying processes and manage credit risk through continuing to apply strategies to ensure the on-going health of the debtors’ book. 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 Group’s external auditors. The Group’s interim results for the 26 week period ending 27 December 2015 are scheduled for release on or about 18 February 2016. 5 November 2015 Cape Town JSE Sponsor: One Capital NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 05/11/2015 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.