The Just Group
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Stores

Total Stores

Map of The Just Group stores by county and state:
        	36 Stores in South Africa.
        	95 Stores in Western Australia.
        	8 Stores in the Northern Territory.
        	48 Stores in South Australia.
        	154 Stores in Queensland.
        	234 Stores in New South Wales.
        	21 Stores in The Australian Capital Territory.
        	209 Stores in Victoria.
        	16 Stores in Tasmania.
        	148 Stores in New Zealand.
            current as of 1 July 2009

The Just Group's quality portfolio of stores is located in highly visible locations throughout Australia, South Africa and New Zealand. The scale of its platform provides intimate market knowledge and efficiencies across multiple functions.

Retail Store Portfolio

The Just Group's stores are all operated on a leasehold basis and range in size from 50sqm to 600sqm with an average size of around 140sqm. Stores range in location from major shopping centers (such as Chadstone and Chatswood) to prime retail strips (such as Oxford Street and Pitt Street in Sydney, and Chapel Street and Bourke Street in Melbourne) to country towns (such as Kalgoorlie and Armadale) and to resort villages (such as Port Douglas and Broome).

The Just Group store numbers
Brands 2003 2004 2005 2006 2007 2008 2009
Just Jeans 292 290 284 285 271 272 265
Jay Jays (incl. Sth Africa) 164 189 212 227 247 271 286
Portmans 91 97 107 116 122 133 133
Jacqui E 89 87 94 97 104 110 109
Peter Alexander 1 1 5 9 18 26 29
Dotti N/A 10 26 48 61 73 86
Smiggle (Acquired August 2007) N/A N/A N/A N/A 19 34 61
Total 655 686 729 780 842 919 969
All numbers shown are as at 1st August.

The large portfolio of stores makes The Just Group a key tenant for the major landlords of retail properties in Australia and New Zealand which has allowed the Company to develop a detailed knowledge of retail property markets and efficient portfolio management practices. The Just Group has strong relationships with its major landlords. Leases are distributed across The Just Group's major landlords, with no one landlord having greater than 20% of the leases in The Just Group's portfolio. Over 90% of leases are fixed rent with standard review terms (e.g. CPI increase). A standard lease in a major shopping center is typically for a term of five years.

The Just Group considers the look and feel of each store to be a key component of the product offering and branding proposition. The Just Group has a team dedicated to continuously refreshing the look and feel of the stores and reviewing the allocation of capital across the portfolio. In addition, The Just Group's visual merchandising team changes the store window displays on a fortnightly basis to maintain an energetic and stylish feel for the brands.

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