foods

foodsturnover and growth

Comparable growth of 12.8%

Inflation averaged 3.3% (Dec ’03 inflation of 8.6%)

R 1,254 R 1,548 R 1,939 R 2,282 R 2,753

14%

25%

21%18%

13%

R 0

R 500

R 1,000

R 1,500

R 2,000

R 2,500

R 3,000

2000 2001 2002 2003 2004

0%

5%

10%

15%

20%

25%

30%

Turnover Growth rate

foodsrlc market share

• Market share to Dec 04– 12 month average

• this year 7.7%• last year 7.1%

– 3 month moving average• this year 7.9%• last year 7.4%

•Increasingly becoming customers’ main shop

•More aggressive promotional strategy on key items

•Continued good food strategy

•Expansion of convenience offering (incl Engen)

•Emerging market customer starting to shop in greater depth

foodsperformance

•Improve availability of core

•RDF system – forecasting

•Catalogue and space planning system

•Food formats roll-out

•Extension of grocery offering

•Improve value perception

•New innovative products/ranges

•Bakery and meat - new thoughts

foodsthe way forward