Group Statement of Changes In Equity
for the years ended 31 March

Foschini Limited and its subsidiaries

            Attributable    
            to equity    
            holders of    
  Share Share Treasury Other Retained Foschini Minority Total
  capital premium shares reserves earnings Limited interest equity
  Rm Rm Rm Rm Rm Rm Rm Rm
Equity at 31 March 2006 3,1 498,7 (504,0) 376,7 2 893,4 3 267,9 88,9 3 356,8
Total recognised income and expenses for the year – – – 1,3 1 119,2 1 120,5 72,8 1 193,3
Effective portion of changes in fair value of                
cash flow hedges*       1,3   1,3   1,3
Profit for the year         1 119,2 1 119,2 72,8 1 192,0
Change in degree of control           – 71,2 71,2
Profit on dilution of interest in subsidiary         112,1 112,1   112,1
Share-based payments reserve movements       19,2   19,2   19,2
Transfer from dividend reserve       (336,6) 336,6 –   –
Dividends paid         (500,6) (500,6) (51,6) (552,2)
Transfer to dividend reserve       408,8 (408,8) –   –
Proceeds on delivery of shares by share trust         92,9 92,9   92,9
Delivery of shares by share trust     107,4   (107,4) –   –
Shares purchased by share trust     (288,4)     (288,4)   (288,4)
                 
Equity at 31 March 2007 3,1 498,7 (685,0) 469,4 3 537,4 3 823,6 181,3 4 004,9
Total recognised income and expenses for the year – – – 12,4 1 128,4 1 140,8 77,7 1 218,5
Effective portion of changes in fair value of                
cash flow hedges*       12,4   12,4   12,4
Profit for the year         1 128,4 1 128,4 77,7 1 206,1
Change in degree of control           – 119,4 119,4
Investment in associate           – (2,7) (2,7)
Profit on dilution of interest in subsidiary         92,1 92,1   92,1
Share-based payments reserve movements       30,7   30,7   30,7
Insurance cell reserves movements       1,5   1,5   1,5
Transfer from dividend reserve       (408,8) 408,8 –   –
Dividends paid         (592,6) (592,6) (84,8) (677,4)
Transfer to dividend reserve       408,8 (408,8) –   –
Proceeds on delivery of shares by share trust         109,5 109,5   109,5
Delivery of shares by share trust     215,1   (215,1) –   –
Shares purchased by share trust and subsidiary (0,1)   (760,3)     (760,4)   (760,4)
Equity at 31 March 2008 3,0 498,7 (1 230,2) 514,0 4 059,7 3 845,2 290,9 4 136,1
* Denotes items recognised directly in equity