SHOPRITE/PEPKOR/PEPGRO CAUTIONARY ANNOUNCEMENT

SHOPRITE HOLDINGS LIMITED
(REGISTRATION NUMBER 05/07721/06)
(SHOPRITE)
PEPKOR LIMITED
(REGISTRATION NUMBER 65/07765/06)
(PEPKOR)
PEPGRO LIMITED
(REGISTRATION NUMBER 83/01066/06)
(PEPGRO)
CAUTIONARY ANNOUNCEMENT

SHAREHOLDERS ARE ADVISED THAT A POSSIBLE EXTRAORDINARY STOCK DISCREPANCY HAS
JUST COME TO THE NOTICE OF THE DIRECTORS OF SHOPRITE. THIS COULD RESULT IN A
MATERIAL REDUCTION IN THE PROFITS OF THE COMPANY FOR THE YEAR ENDED 30 JUNE
1999, COMPARED TO THE PREVIOUS YEAR. IT COULD SIMILARLY AFFECT THE PROFITS OF
PEPKOR AND PEPGRO FOR THE SAME PERIOD.

THIS STOCK DISCREPANCY, WHICH HAS ARISEN PRIMARILY IN THE GAUTENG REGION, IS AT
PRESENT THE SUBJECT OF A DETAILED INVESTIGATION AIMED AT DETERMINING ITS FULL
EXTENT.

SHAREHOLDERS ARE ACCORDINGLY ADVISED TO EXERCISE CAUTION IN DEALING IN THEIR
SHARES IN SHOPRITE, PEPKOR AND PEPGRO PENDING THE PUBLICATION, IN THE LAST WEEK
OF AUGUST 1999, OF THE FINANCIAL RESULTS OF THESE COMPANIES FOR THE YEAR ENDED
30 JUNE 1999.

BY ORDER OF THE BOARDS OF SHOPRITE, PEPKOR AND PEPGRO.
CAPE TOWN
28 JULY 1999