2010/05/19
WHL - Woolworths Holdings Limited - Trading Statement [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings Limited - Trading Statement                           
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number: 1929/001986/06                                             
Share code: WHL     ISIN: ZAE000063863                                          
("Woolworths Holdings" or "the group")                                          
TRADING STATEMENT                                                               
The results for the year ending 27 June 2010 ("the period') will not be         
comparable due to the disposal of a 50% plus one share of the Woolworths        
Financial Services business to ABSA Group Limited on 1 October 2008 ("the       
transaction").                                                                  
The group is currently reviewing its trading for the period and would like to   
highlight that the transaction will impact the comparability of the results for 
the period. In addition, the impact of the unrealised foreign exchange loss of  
R79m (before tax) recognised in the income statement for the year ended 30 June 
2009, and reported on SENS on 1 July 2009, will have unwound in full in the     
period.                                                                         
Consequently, headline earnings per share ("HEPS') will be more than 20% higher 
than the corresponding period.                                                  
Due to the significance of the peak winter retail trading season, it is not yet 
possible to quantify the impact on HEPS within the 20% range required by the JSE
Limited Listings Requirements ("JSE Listings Requirements") with a reasonable   
degree of certainty.                                                            
A further trading statement will be issued later in the reporting period and    
provide earnings forecast ranges for HEPS and EPS as required by the JSE        
Listings Requirements.                                                          
Shareholders are advised that the financial information contained in this       
announcement has not been reviewed or reported on by the group's external       
auditors.                                                                       
The group's results for the full year ending 27 June 2010 are due to be released
on SENS on or about 26 August 2010.                                             
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                                                                       
19 May 2010                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 19/05/2010 12:35:01 Produced by the JSE SENS Department.                  
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information disseminated through SENS.                                          
Source: JSE Securities Exchange - SENS
 
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