SPECIAL PURPOSE REPORT Super Cheap Auto Group Limited  For the 52 weeks to 26 June 2004 TABLE 1 -  Adjusted  Pro-forma  STATEMENT OF FINANCIAL PERFORMANCE  Historical 1 Forecast 2000/  2001/  2002/  2003/  2003/  $m  2001   2002  2003  2004  2004 Sales Australia  150.4  203.4  275.1  366.7  362.5  New Zealand  –  –  –  16.0  16.4 Total  150.4  203.4  275.1  382.7  378.9 COGS  (90.4)  (128.3)  (166.9)  (235.8)  (233.6) Gross Profit  60.0   75.1  108.2  146.9  145.3 Operating Expenses  (42.9)  (57.0)  (82.1)  (115.0)  (114.7) EBITDA  17.1  18.1  26.1  32.0  30.6 Depreciation  (1.3)  (2.6)  (4.3)  (6.4)  (6.9) EBITA  15.8  15.5  21.8  25.6  23.7 Amortisation  (1.8)  (1.8)  (2.0)  (2.8)  (2.9) EBIT  14.0  13.7  19.8  22.8  20.8 Net Borrowing Costs  (3.0)  (3.0)  Income Tax  (6.6)  (6.4) NPAT (Pre share issue costs)  13.2  11.4 After Tax share issue costs 2 (11.1)  (11.2) NPAT  2.1  0.2 Earnings per share pre amortisation and share issue costs 3 15.0c  13.4c Total Sales Growth  NA  35.2%  35.2%  39.1%  37.7%  Gross Margin  39.9%  36.9%  39.3%  38.4%  38.3%  EBITA Margin  10.5%  7.6%  7.9%  6.7%  6.3%  EBITA Growth  –  -1.9%  40.6%  17.4%  8.7%  Store Numbers  71  97  144  183  176 (1)  The Adjusted Historical Financial Information is based on the audited results for the years ended 30 June 2001, 2002, and 2003. (2)  In the period ending 26 June 2004, the Group incurred share issue costs before tax of $15.8 million comprising of: • Costs of $1.7m associated with the implementation of the Senior Management Team Share Plan. • Costs of $13.9m associated with the repayment by Super Cheap Auto Pty Ltd of third party loans made to SCA Equity Plan  Pty Ltd, the trustee of the Senior Management Team Share Plan, and to Bob Thorn to assist with the purchase of shares  in Super Cheap Auto Pty Ltd; and • Ancillary costs of $0.2 million associated with restructuring Super Cheap Auto in preparation for listing on the ASX. (3)  Earnings per share pre amortisation and share issue costs is calculated by using 106,429,622 ordinary shares as the denominator, being the number of shares on issue at the end of the period. The Company has made various adjustments to the statutory historical information to arrive at the Adjusted Historical  Financial Information included in this Section. These Expenses will not recur in the year ending 30 June 2005. 49  SUPER CHEAP AUTO GROUP LIMITED ANNUAL REPORT 2004