First quarter operational update - FY 2017 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB ISIN: ZAE000028320 (“Cashbuild” or “the company”) FIRST QUARTER OPERATIONAL UPDATE – FY 2017 In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for Cashbuild was up by 3% on the first quarter of the prior financial year. 15 new Cashbuild stores opened since 1 July 2015 contributed 2% of the increase, whilst existing stores (220 stores) contributed 1% of the increase. Revenue for the Group was up by 15% with the inclusion of the recently acquired 42 P&L Hardware stores. Transactions through Cashbuild’s tills during the 1st quarter decreased with 2%. New Cashbuild stores contributed 3% of the increase and existing stores decreased by 5%. Transactions for the Group were up 7% with the inclusion of P&L Hardware stores. Units sold increased with 8%. New Cashbuild stores contributed 3% of the increase and existing stores increased by 5%. Units for the Group were up 13% with the inclusion of P&L Hardware stores. Four new Cashbuild stores were opened, one relocated and one store was closed at the expiration of its lease term during the quarter bringing the total number of stores trading at the end of the quarter to 287, which includes the 10 Cashbuild DIY pilot stores. Selling inflation was at 3% at the end of September 2016 when compared to September 2015. Gross profit percentage margins for the Group are slightly higher than those reported in the first half of the prior financial year. With P&L Hardware being acquired on 1 June 2016 it has been separately shown below and will continue to be for the remainder of this financial 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 versus prior year per region Total P&L New Existing Percentage Hardware of total sales % % % % % South Africa Q1 17 14 2 1 90 Lesotho Q1 (8) - - (8) 2 Namibia Q1 11 - 11 - 1 Swaziland Q1 1 - - 1 3 Botswana (in Rand) Q1 (1) - - (1) 3 Botswana (in Pula) Q1 (2) - - (2) Malawi (in Rand) Q1 21 - - 21 1 Malawi (in Kwacha) Q1 51 - - 51 Total Cashbuild Q1 15 12 2 1 100 Transactions versus prior year per region Total P&L New Existing Percentage Hardware of total transactions % % % % % South Africa Q1 8 10 3 (5) 90 Lesotho Q1 (8) - - (8) 2 Namibia Q1 4 - 10 (6) 2 Swaziland Q1 (3) - - (3) 3 Botswana Q1 (2) - - (2) 3 Malawi Q1 21 - - 21 - Total Cashbuild Q1 7 9 3 (5) 100 Number of stores – end quarter one Total P&L New Existing Percentage Hardware of total % South Africa 248 42 13 193 86 Lesotho 5 - - 5 2 Namibia 4 - 1 3 1 Swaziland 7 - - 7 3 Botswana 11 - 1 10 4 Malawi 2 - - 2 1 DIY Pilot stores 10 10 3 Total 287 42 15 230 100 17 October 2016 Sponsor Nedbank Corporate and Investment Banking Date: 17/10/2016 04:10:00 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.