1.

KPMG Inc, the Group's independent auditor, has reviewed the condensed consolidated results contained in this preliminary report, and has expressed an unmodified conclusion on  the preliminary financial statements. Their review report is available for inspection at the Company's registered office. These preliminary financial statements have been prepared in accordance with the recognition and measurement requirements of IFRS and the disclosure requirements of IAS 34. Except as presented below in notes 4, 5 and 6, accounting policies are consistent with those of prior years.

2.

Revenue comprises turnover, other trading income and interest received.

3.

The weighted average number of shares is lower than that in issue due to the treasury shares held by the Group being treated as cancelled for this calculation. 

4.

The Group has reviewed its interpretation of IAS 2 in respect of the accounting for incentive income and distribution costs.  The effect of the changes in interpretation are detailed below. Comparative figures have been restated accordingly.

5.

In the prior year, an amount of R37.8m, being the tax effect of foreign currency translations, has been reclassified from the foreign currency translation reserve to deferred tax. Comparative figures have been restated - with an adjustment of R19.0m in respect of the 2008 year and R18.8m for years prior to 2008.

6.

At February 2008 computer hardware assets with a cost of R31.4 million were incorrectly included as part of intangible assets.  This amount has been reallocated to property, equipment and vehicles and the February 2008 comparative numbers have been restated accordingly. Also note that in the current year Score assets with a net book value of R62.6 million have been reclassified as held for sale (refer note 8).

7.

Operating profit in Australia includes a net R1.4 million (2008: R42.6 million) profit on sale of assets.

8.

The Group has committed to the closure of its subsidiary, Score Supermarkets Operating Limited.  The Score stores will be closed and the property, equipment and vehicles sold. The majority of the stores will be sub-let to black franchisees and will be converted into Pick n Pay Family Franchise stores.   Although this means a discontinuation of the Score brand, it is an exciting opportunity for the Group to expand the Pick n Pay brand into new markets, as well as being able to create franchise opportunities for black entrepreneurs. The closure of the Score operation will be complete by 28 February 2010.

Score has been presented as a discontinued operation in the financial information to 28 February 2009, and the comparative information has been restated accordingly.  The salient financial information of Score is as follows: