Company
				2003			2003			2002		2002
Nature of business* Country of incorporation **				Carrying  value  of shares  Rm			% Holding			Carrying  value  of shares  Rm		% Holding
Interest in subsidiaries
Directly held				230.1						257.7
Woolworths (Proprietary) Limited	R 1			-			100.0			-		100.0
Woolworths Finance (Proprietary) Limited	F 1			-			100.0			-		100.0
Woolworths Developments (Proprietary) Limited	P 1			-			100.0			-		100.0
Woolworths Computer Services (Proprietary) Limited	D 1			-			100.0			-		100.0
Woolworths International Holdings Limited	H 5			230.1			100.0			257.7		100.0
E-Com Investments 16 (Proprietary) Limited	H 1			-			100.0			-		100.0
Indirectly held
Woolworths International (SA) (Proprietary) Limited	I 1						100.0					100.0
Woolworths (Namibia) (Proprietary) Limited	D 2						100.0					100.0
Woolworths Pharmaceuticals (Proprietary) Limited	D 1						100.0					100.0
Woolworths (Claremont) Properties   Shareblock (Proprietary) Limited	D 1						100.0					100.0
Woolworths (Lesotho) (Proprietary) Limited	D 3						100.0					100.0
Woolworths (Swaziland) (Proprietary) Limited	D 4						100.0					100.0
Nation-wide Recovery Services (Proprietary) Limited	D 1						100.0					100.0
Highway Holdings N.V.	H 6						100.0					100.0
Woolworths International Limited	I 5						100.0					100.0
Woolworths International (Australia) (Proprietary) Limited	H 7						100.0					100.0
Woolworths Worldwide Limited	H 5						100.0					100.0
Country Road Limited	R 7						87.9					87.9
Country Road Clothing (Proprietary) Limited	R 7						87.9					87.9
Country Road Clothing N.Z.  Limited	R 8						87.9					87.9
Country Road Properties (Proprietary) Limited	P 7						87.9					87.9
Country Road Australia Limited	R 5						87.9					87.9
Country Road International (Proprietary) Limited	F 7						87.9					87.9
Country Road (Hong Kong) Limited	R 9						87.9					87.9
Universal Product Networks (Proprietary) Limited	L 1						100.0					100.0
Woolworths Financial Services (Proprietary) Limited	F 1						100.0					100.0
inthebag (Proprietary) Limited	R 1						100.0					100.0
Upfront Investments 132 (Proprietary) Limited	F 1						100.0					50.0
				230.1						257.7
Amounts owing by subsidiaries
Woolworths (Proprietary) Limited				905.5								732.1
Country Road Limited				50.1								58.8
E-Com Investments 16 (Proprietary) Limited				369.9								134.7
Total interest				1 555.6								1 183.3

The aggregate profit/(losses) after tax of subsidiaries attributable to the company are:

	Company
	2003  Rm	2002  Rm
Profits	586.3	423.7
Losses	(8.7)	(194.3)
	577.6	229.4