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Fri 7 Nov 2003, 15:45 Profit Forecast
Shops For Africa Limited - Profit Forecast                                      
  SHOPS FOR AFRICA LIMITED                                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 2000/018084/06)                                            
  Share code: SFA                                                                 
  ISIN code:  ZAE000031241                                                        
  ("Shops for Africa" or "the company")                                           
  PROFIT FORECAST                                                                 
  Linked unit-holders ("unit-holders") are referred to the announcement dated 3   
  October 2003 wherein they were advised that the distribution per linked unit of 
  the company for the six month period to 31 October 2003 would be materially     
  higher than that of the previous corresponding period, being the six months to  
  31 October 2002 and that this trend was expected to continue for the full year  
  ending 30 April 2004.                                                           
  Unit-holders are advised that a distribution of 16.87 cents per linked unit is  
  anticipated for the six month period to 31 October 2003 compared to 15.19 cents 
  per linked unit for the previous corresponding period and that a distribution of
  38.11 cents per linked unit is anticipated for the full year ending 30 April    
  2004 compared to a distribution of 30.41 cents per linked unit for the previous 
  financial year.                                                                 
  The financial information on which this profit forecast is based has been       
  reviewed by the company"s auditors, KPMG Inc. whose report is available at the  
  registered offices of the company.                                              
  Cape Town                                                                       
  6 November 2003                                                                 
  Sponsor                                                                         
  SASFIN CORPORATE FINANCE                                                        
  A division of Sasfin Bank Limited                                               
  Date: 07/11/2003 03:14:02 PM Produced by the JSE SENS Department
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