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Likely developments and expected
results of operations

The consolidated entity intends to continue its principal
activity of retailing of women’s fashion through Millers,
Katies, Crossroads, Autograph and City Chic, in addition
of the mature, value segment of the specialty fashion
market through the Rivers brand. The consolidated entity
will continue to operate in Australia, New Zealand, USA
and South Africa while focusing on new stores, online
growth, customer relationship management and the
supply chain. Further information on likely developments
in the operations of the consolidated entity and expected
results from operations have not been included in this
report because the directors believe it would be likely to
result in unreasonable prejudice to the consolidated entity.

Environmental regulation

The consolidated entity is not subject to any significant
environmental regulation under Australian Commonwealth
or State law.

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