24 January 2013

ASX Announcement FIRST HALF EARNINGS GUIDANCE UPDATE

Villa World Limited (ASX : VLW) advises that it now expects the statutory Net Loss after tax (subject to the completion of the audit) for the half year ending 31 December 2012 to be ~$(19) million (26.4 cps).
Impairments as previously advised on the 13 December 2012 remain unchanged.
The key drivers for the revised forecast include additional revenue due to a higher number of sales moving to unconditional status than expected in December 2012, and a positive tax impact from the finalisation of the impairment analysis.

Enquiries to: Craig Treasure Managing Director Tel: (07) 5588 8888
securityholder@villaworld.com.au

Villa World Group: Level 1 Oracle West, 19 Elizabeth Avenue, Broadbeach QLD 4218

Securityholder queries: Email: securityholder@villaworld.com.au; Website: www.villaworldgroup.com.au

Share Registry: Computershare Investor Services

Online: www.investorcentre.com; By mail: GPO Box 2975, Melbourne VIC 3001

Tel: (within Australia) 1300 651 684: (international) +61 3 9415 4000

distributed by