2006/11/15
Woolworths Holdings - Results of Annual General Meeting and trading update [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
 Woolworths Holdings - Results of Annual General Meeting and trading update     
 Woolworths Holdings Limited                                                    
 (Incorporated in the Republic of South Africa)
 Registration number: 1929/001986/06                                            
 Share code: WHL & ISIN: ZAE000063863                                           
 ("Woolworths Holdings" or "the Company")                                       
 Results of Annual General Meeting and trading update
 At the 2006 annual general meeting of the shareholders of Woolworths Holdings  
 held today, 15 November 2006, the requisite majority of shareholders approved  
 all of the ordinary resolutions as well as the special resolution proposed.    
 The special resolution will be lodged with the Registrar of Companies in due
 course.                                                                        
 At the meeting Simon Susman, the Chief executive officer, provided a trading   
 update for the seventeen weeks to October 2006, as set out below.              
 Trading update for the seventeen weeks to October 2006
 Woolworths Holdings increased sales by 20.9% for the 17 weeks to October       
 2006, compared to the same period last year.  Comparable store sales growth    
 was 12.4%.                                                                     
 Woolworths, clothing and home grew sales by 13.6% in total and 8.8% in
 comparable stores with an average inflation rate of approximately 0.6% over    
 the period.  Food sales grew by 26.9% in total and by 15.6% in comparable      
 stores with an average inflation rate of approximately 6.8% over the period.   
 Expansion in trading space resulted in an increase of 5.7% in clothing and
 home and 13.4% in food from the prior year.                                    
 Country Road grew total sales by 12.8% in Australian dollar terms. Retail      
 sales grew by 23.0% in Australian dollars and by 22.1% in comparable stores    
 compared to the prior year.
 Our in-store card, credit card and personal loan books grew by 26.4%. The net  
 bad debt experience on the combined books was in line with expectations.       
 In South Africa, consumer spending on apparel has continued to grow, but at    
 slightly lower rates, whilst spending on food has remained good. However,
 consumer expenditure will be affected by increasing interest rates and higher  
 inflation.                                                                     
 The group"s results for the half year ending 31 December 2006 are expected to  
 be released on SENS in mid-February 2007 and a further trading update will be
 issued in January 2007.                                                        
 Contact:                                                                       
 Simon Susman (Chief executive officer) on 021 407 2700                         
 Norman Thomson (Finance director) on 021 407 3337
 Cherrie Lowe (Group secretary) on 021 407 3160                                 
 Cape Town                                                                      
 15 November 2006                                                               
 Sponsor
 RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/11/2006 10:28:04 AM Produced by the JSE SENS Department
Source: JSE Securities Exchange - SENS
 
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