Supergroup

23/05/2011

Super Group upbeat prior to release of 2011 Final Results

Super Group is scheduled to release its financial results for the year ending 30 June 2011 on or about the 16 August 2011. In terms of the JSE Limited Listings Requirements, issuers are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the prior comparative period.

Global economic conditions are gradually improving which will assist the industry sectors in which Super Group operate. The Group expects the modest firming in sales volumes experienced during the first six months ended December 2010 to continue. This improvement in sales, the impact of the cost cutting measures taken during the previous financial year and savings in net finance costs will result in a satisfactory growth in earnings for the year.

Shareholders are advised that Super Group is expecting to report a consolidated net profit after taxation for the year ending 30 June 2011 of between R342 million and R374 million, resulting in earnings per share ("EPS") (including losses from discontinued operations) of between 9.5 cents and 10.5 cents, and a headline earnings per share ("HEPS") of between 10.0 cents and 11.0 cents.

This compares with a consolidated net profit after taxation of R169 million which equated to an EPS of 6.4 cents and HEPS of 5.8 cents for year ended 30 June 2010. The EPS and HEPS in the current year have been impacted by the increased weighted average number of shares in issue resulting from the rights offer undertaken by the Company in November 2009. The result from discontinued operations is expected to be breakeven or marginally positive.

Note that the financial information on which this trading statement is based has not been reviewed or reported on by Super Group's external auditors.

Source: JSE News Service (SENS)