Taste -- voluntary sales update

TAS

TAS                                                                            

TAS - Taste Holdings Limited - Voluntary sales update                          

TASTE HOLDINGS LIMITED                                                         

(Incorporated in the Republic of South Africa)                                 

(Registration number 2000/002239/06)                                           

JSE code: TAS                                                                  

ISIN: ZAE000081162)                                                            

("Taste")                                                                      

VOLUNTARY SALES UPDATE                                                         

Taste is pleased to report that both its food and jewellery divisions          

experienced positive sales growth in December 2011, building on the            

positive growth recorded in the first half of the year.                        

Consequently, for the period 1 March 2011 to 31 December 2011 ("year-to-       

date") the Jewellery division, consisting of the NWJ brand, recorded a         

system-wide sales increase of 4.2% when compared to the comparable period      

in 2010.  This increase was on the back of fewer jewellery stores.  Same-      

stores sales growth increased from 0.5% for the 6 months ended 31 August       

2011, to 1.5% for the year-to-date.  Of significance was the continued         

strong sales performance of the 18 corporate owned jewellery outlets, with     

a year-to-date same-store sales increase of 14.6%.                             

The food division, consisting of Scooters Pizza, St Elmo`s Woodfired Pizza     

and Maxi`s,  shows a year-to-date increase in system-wide sales of 26.6%       

with same-store-sales increasing 5.4% for that period.                         

Johannesburg                                                                   

18 January 2012                                                                

Sponsor                                                                        

Vunani Corporate Finance                                                       

Date: 18/01/2012 15:41:01 Produced by the JSE SENS Department.                 

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