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THE FOSCHINI GROUP LIMITED - Sales Update

Release Date: 16/01/2017 11:00
Code(s): TFG     PDF:  
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Sales Update

THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466

Sales Update

Christmas trading was above expectation with TFG Group sales growth for
December (27 November 2016 to 24 December 2016) of 14,6%. Growth for TFG
International was 47,9% in GBP and growth for TFG Africa was 11,5% with same
store growth of 5,6%.

Growths in the various merchandise categories for TFG Africa were as follows:
clothing 12,8% (same store growth 6,0%); homewares 10,4% (same store growth
3,2%); cosmetics 5,4% (same store growth 2,3%); jewellery 2,1% (same store
growth 0,1%) and cellphones 15,8% (same store growth 12,0%). Cash sales growth
for TFG Africa for December was 17,7% and credit sales grew by 5,2%.

TFG Group sales for the 9 months to 24 December 2016 increased by 14,5%. TFG
International continues to perform in line with management’s expectation, with
turnover growth of 47,8% in GBP. Growth for TFG Africa was 9,7% with same store
sales growth of 3,7%. Growths in the various merchandise categories for TFG
Africa for the 9 months to 24 December 2016 were as follows: clothing 10,3%
(same store growth 3,7%); homewares 7,6% (same store growth -2,1%); cosmetics
2,9% (same store growth 0,0%); jewellery 3,3% (same store growth 1,0%) and
cellphones 16,8% (same store growth 12,5%). Cash sales growth for TFG Africa
for the 9 months to 24 December 2016 was 17,4% and credit sales grew by 2,7%.

Merchandise inflation for the 9 month period in TFG Africa averaged 8,5%.

This sales update has not been reviewed or reported on by the company`s
external auditors.

Cape Town
16 January 2017

Sponsor:
UBS South Africa Proprietary Limited

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