foods

turnover and growth Comparable growth of 12.8% Inflation averaged 3.3% (Dec ’03 inflation of 8.6%)

foods rlc 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 foods performance

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 foods the way forward