The Integrated Report contains forward-looking statements in respect of the future financial condition and results of the operations of Truworths International and its Group companies. These statements by their nature involve risk and uncertainty as they relate to events and depend on circumstances that may or may not occur in the future.

Forward-looking statements are not statements of fact, but statements by the management of Truworths International based on its current estimates, expectations and assumptions regarding the Group’s future performance.

Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: global and national economic conditions; the ongoing impact of the COVID-19 pandemic; changes to IFRS and the impact on past, present and future periods; exchange rate and interest rate movements; account management and the associated risks of lending; growth in trading space; merchandise clearance rates; inventory levels and stock turn; gross and operating margins achieved; and competitive and regulatory factors.

The Group does not undertake to publicly update or revise any of these forward-looking statements, whether to reflect new information or future events. The forward-looking statements have not been reviewed or reported on by the Group’s independent auditor.