2nd Quarter Sales to 31 July 2005

2nd Quarter Sales to 31 July 2005

The directors of Briscoe Group Limited announce that unaudited sales for the three months ended 31 July 2005 were $79.8 million, being 11.80% higher than the $71.4 million reported for the same quarter of last year.

The second quarter gross margin, in terms of both percentage and dollar contribution, as for the first quarter, was significantly ahead of that generated for the same quarter of last year.

Briscoes Homeware sales for the quarter increased by 13.45% to $53.7 million while Rebel Sport sales rose by 8.55% to $26.1 million. On a same store basis, Briscoes Homeware sales increased by 8.91% for the quarter while Rebel Sport sales were 2.31% ahead of last year.

On a same store basis, the Group’s sales for the quarter were 6.97% ahead of the second quarter for last year.

The opening of the Briscoes Homeware store in Ashburton late in July brought the number of Briscoes Homeware stores to 34 and increased total store area to 70,348 sq.m. Rebel Sport numbers and area remained unchanged for the quarter at 20 and 40,985 sq.m, respectively.

The July quarter sales figures take unaudited group sales for the six months ended 31 July 2005 to $154.4 million, an increase of 11.33% on the $138.7 million reported in the first half of last year. Briscoes Homeware increased sales by 10.69% during this period, and Rebel Sport by 12.61%.

On a same store basis the Group’s sales for the six months ended 31 July 2005 were 6.39% ahead of the same period last year.

On a same store basis Briscoes Homeware sales increased by 6.49%, while Rebel Sport sales increased by 5.62% over the first half of last year.

The Group expects to announce its half-year result by 5 September 2005. The directors expect the first half tax paid profit to be satisfactorily ahead of that reported for the first half of last year.

ENDS

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