SHOPRITE HOLDINGS LIMITED - Operational Update

Operational Update

SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(”Shoprite Holdings” and “the Group”)

OPERATIONAL UPDATE

The Shoprite Group has increased turnover by 12.3% for the 3 months to September
2014 even though local market conditions remained relatively unchanged with the
South African consumers being under pressure.

The Group’s core business, RSA Supermarkets, increased turnover by 11.9% which is
ahead of the food retail industry growth. Internal food inflation averaged 6.0% for the
period compared to official food inflation of 8.9.

The Group’s Non-RSA Supermarkets increased its turnover by 15.9% and in constant
currency terms, by 16.1%. This growth was affected by the sale of the Tanzanian
business and the loss of a store in Angola due to fire. The performance of the Group’s
non-RSA operations was supported by the opening of 18 new food outlets since
October 2013.

The highly competitive market conditions in which the furniture division traded
remained virtually unchanged, however it managed to increase turnover by 11.5%.

A further 27 new supermarkets will be opened before 31 December 2014. Although
the Group is well prepared and expects fair trading conditions in the run-up to
Christmas, it is difficult to predict festive season consumer spending patterns.




Whitey Basson                        Carel Goosen
Chief executive                      Deputy managing director
Tel 021 980 4000                     Tel 021 980 4000


Date issued                          27 October 2014
Sponsor                              Nedbank Capital

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