SUL is turning out to be a good performer with these good...

SUL is turning out to be a good performer with these good results.

21 October 2004 For Immediate Release

Press Release

Super Cheap Auto Announces 1st Quarter
Sales Performance
Speaking at his company’s Annual General Meeting, Mr. Bob Thorn, Managing Director,
of Super Cheap Auto Group Limited, announced this afternoon that sales for the 14
weeks to 2nd October 2004 had grown by 22.1% over the comparative period in the prior
financial year.
“This is a strong performance in line with our prospectus projections. We are on track
with our plans for new stores and have now opened 11 stores so far this financial year.
We have also delivered a robust level of like for like performance particularly given that
the prior year comparative period benefited from the heavy weight of promotional
activity supporting the integration of the recently acquired Marlows business.”
Total sales for the 14 weeks resulted in Australia reaching $108.5m and New Zealand at
$9.9m. The total company sales of $118.4m includes 4.0% like for like growth.
Store numbers continue to increase, in line with the Prospectus Forecast, with the
company trading 192 stores as at 2nd October, 2004, of which 170 were in Australia and
22 in New Zealand. A further 2 stores have been opened in Australia as at the date of
this announcement and it is expected that the 200th store will open before Christmas
2004.