Prospects

For the 34 weeks to 18 August 2013, total sales increased by 9.2% and comparable sales increased by 5.3%, continuing the trends experienced towards the close of the financial period.

We believe that the remainder of the year will continue to see sales under pressure, with the potential upside being the annualising of the slowdown which started in September 2012. Any improvement in earnings in the short term will be dependent on our ability to reduce costs. Any market share gains will be as a result of superior retail offerings.

The financial information on which this outlook statement is based has not been reviewed or reported on by the Company’s external auditors.

Shareholders’ attention is drawn to the fact that the full financial year will be a 53-week period.