SHOPRITE HOLDINGS LIMITED - TRADING STATEMENT

SHOPRITE HOLDINGS LIMITED - TRADING STATEMENT                                   
Shoprite Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1936/007721/06)                                            
ISIN no: ZAE 000012084                                                          
JSE share code: SHP                                                             
TRADING STATEMENT                                                               
During the six months to 31 December 2003, the Shoprite Group increased turnover
over the previous year by 5.6% to R13,4 billion.                                
These figures should be read against the background of the negative effect on   
sales of the nationwide strike in October and November 2003 following the       
implementation of the new Sectoral Wage Determination Act.                      
Despite these constraints, satisfactory growth was nevertheless achieved by the 
Checkers brand with a like-for-like increase in turnover for the six months to  
end December of 8.0% (total growth of 7.3% due to the closure of three stores). 
Total sales growth in Shoprite stores, negatively influenced by inflation of    
less than 1% due to their customer profile and product mix, was 6.5%.  Stores   
closed during the strike were mostly Shoprite outlets.  December saw stronger   
sales growth of 8.9% when the chain started regaining market share lost during  
the industrial action.                                                          
Due to the tough economic conditions reigning in the market the satisfactory    
increase of 5.9% in customer numbers was not matched by basket growth which, for
Shoprite, was 1.1% and for Checkers 2.8%.                                       
New supermarkets opened during the reporting period have not as yet contributed 
significantly to sales.                                                         
The non-RSA operations performed well with sales growth of 23.0% on like-for-   
like and 33.0% on total sales at constant conversion rates.  The strength of the
Rand, however, resulted in sales in Rand terms dipping 2.2% for the period.  New
stores performed satisfactorily with Angola outperforming budget.               
The U-Save division is now well established with a total of 41 stores currently 
trading.                                                                        
Good growth of 23.0% (like for like 18.6%) were recorded for the Furniture      
division despite the drop in selling prices in most categories due to a stronger
Rand.                                                                           
The above financial information has not been reviewed or reported on by the     
Shoprite Holdings auditors.  Shareholders are advised to exercise caution in    
dealing with the company"s shares until the interim results for the six months  
to 31 December 2003 are published on 17 February 2004.                          
Whitey Basson, CEO (tel no 021-980 4444) or Carel Goosen, Deputy Managing       
Director (tel no  021-980 4065).                                                
Cape town                                                                       
13 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 13/01/2004 04:58:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department