Ann: Results of Meeting 2017, page-6

Agreed, frustrating; at least now seeing some real actions taken in 300 store closures and CEO removal, on line investment initiatives. Most problematic stores (some 150 lose money) will be shut this financial year. Debt facility pushed out to Feb 19, second half expected to be breakeven on back of some good head office cost cutting initiatives, so don’t believe major risks in that regard. SFH has a good role to play in local fast fashion scene, US city chic growth exciting as well. Naturally Market will only reward when it sees concrete results materialising.