Progress with Vision 2012

The annual Strategic review resulting in Vision 2012 produced no significant changes. Supply Chain, Private Label and Financial Service investments continue and are making excellent progress. Our commitment to Leadership Development, Transformation and Sustainability remain unchanged. Our space expansion plans, in South Africa and Africa remain on track with space growth planned for the three years averaging 5% per annum, including the Retail Cash and Carry acquisitions. We continue to explore other acquisition opportunities in strategically aligned markets and formats.