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CASHBUILD LIMITED - Cashbuild Voluntary Update - violence and looting in South Africa

Release Date: 14/07/2021 12:15
Code(s): CSB     PDF:  
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Cashbuild Voluntary Update - violence and looting in South Africa

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB                     ISIN: ZAE000028320
(“Cashbuild” or “the Group”)

CASHBUILD VOLUNTARY UPDATE - VIOLENCE AND LOOTING IN SOUTH AFRICA

Cashbuild herewith provides a voluntary update as a result of the ongoing violent protests and looting
experienced in South Africa in the past few days, mainly in Gauteng and KwaZulu-Natal, which has also
negatively impacted Cashbuild. As at this morning, a total of 36 stores (32 Cashbuild and 4 P&L Hardware
stores) have been damaged and looted and are currently unable to trade.

Cashbuild has insurance cover in place for such events to minimise losses to the Group. Although higher
yesterday, 33 stores remain closed today as a precautionary measure to prevent further damage. This will be
continuously reassessed as the situation in the country normalises.

Cashbuild will hereafter initiate a process of rebuilding, restoring and restocking the affected stores for
trading which, dependant on the nature and extent of the damage, will determine the timeline to reopen.

The above information has not been reviewed or reported on by Cashbuild’s auditors.

14 July 2021

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 14-07-2021 12:15:00
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