Third 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”) THIRD QUARTER OPERATIONAL UPDATE – FY 2017 In line with past practice and disclosure, Cashbuild herewith provides its quarterly operational update. Revenue for the company was down by 1% on the third quarter of the prior financial year. Stores opened since 1 July 2015 (new stores – 20 stores) contributed 4% increase, whilst existing stores (219 stores) decreased by 5% when compared to the third quarter of the prior financial year. This, together with the growth reported in the first half, equates to an increase in revenue for the year to date of 2%. Revenue for the Group, including P&L Hardware trading equates to growth of 13% for the third quarter. This, together with the growth reported in the first half, equates to an increase in revenue for the year to date of 15% when compared to the prior year. Transactions through the tills during the 3rd quarter decreased by 2% to that of the comparative period resulting from new stores increasing with 3% and existing stores decreasing by 5%. Transactions for the 3rd quarter for the group were up 8% with the inclusion of P&L Hardware. Total units sold decreased by 1% with existing stores decreasing by 5% for the 3rd quarter. Units for the Group were up 5% with the inclusion of P&L Hardware. During the third quarter one store was refurbished (half year: two), no stores relocated (half year: two), and 1 DIY store closed at the expiration of its lease term (half year: two) bringing the total number of stores trading at the end of the quarter to 294, which includes the 46 P&L Hardware stores and the 9 Cashbuild DIY pilot stores. Selling inflation was at 2% at the end of March 2017 when compared to March 2016 prices. Gross profit percentage margins remained at similar levels to those reported at half year end. 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 Half Year 16 12 3 1 90 Q3 9 9 4 (4) 90 Lesotho Half Year (5) - - (5) 1 Q3 (8) - - (8) 1 Namibia Half Year 4 - 11 (7) 2 Q3 (8) 17 (25) 2 Swaziland Half Year 3 - - 3 3 Q3 (2) - - (2) 3 Botswana (in Rand) Half Year - - 4 (4) 3 Q3 (20) - 10 (30) 3 Botswana (in Pula) Q3 (9) - 7 (16) 3 Malawi (in Rand) Half Year 14 - - 14 1 Q3 (26) - - (26) 1 Malawi (in Kwacha) Q3 (6) - - (6) 1 Total Cashbuild Half Year 15 11 4 - 100 Q3 13 14 4 (5) 100 Transactions versus prior year per region Total P&L New Existing Percentage Hardware of total transactions % % % % South Africa Half Year 10 10 3 (3) 90 Q3 10 11 4 (5) 90 Lesotho Half Year (8) - - (8) 2 Q3 (9) - - (9) 2 Namibia Half Year (5) - 10 (15) 2 Q3 (20) - 18 (38) 2 Swaziland Half Year - - - - 3 Q3 (2) - - (2) 3 Botswana Half Year 3 - 5 (2) 3 Q3 - 9 (9) 3 Malawi Half Year 12 - - 12 - Q3 (7) - - (7) - Total Cashbuild Half Year 9 9 3 (3) 100 Q3 8 10 3 (5) 100 Number of stores – end of quarter Total P&L New Existing Percentage Hardware of total % South Africa 256 46 18 192 87 Lesotho 5 - - 5 2 Namibia 4 - 1 3 1 Swaziland 7 - - 7 2 Botswana 11 - 1 10 4 Malawi 2 - - 2 1 DIY Pilot stores 9 - - 9 3 Total 294 46 20 228 100 19 April 2017 Sponsor Nedbank Corporate and Investment Banking Date: 19/04/2017 03:35:00 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.