For the eight weeks to 17 February 2013, total sales increased by 11.4% and comparable sales increased by 5.7%, continuing the trends experienced towards the close of the financial year.

The South African consumer environment remains difficult and we are concerned that sales growth may be under some pressure for the remainder of the financial year. It is our objective that if the current sales trends continue, growth in the Group’s trading profit (excluding foreign exchange movements and Walmart costs) may equal sales growth.

Value extracted from integration will be invested in price.

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