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SHOPRITE HOLDINGS LIMITED - FURTHER TRADING UPDATE

Release Date: 03/02/2005 16:06
Code(s): SHP
Wrap Text

SHOPRITE HOLDINGS LIMITED - FURTHER TRADING UPDATE Shoprite Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1936/007721/06) ISIN no: ZAE 000012084 JSE share code: SHP NSX share code: SRH LuSE share code: SHOPRITE ("Shoprite") FURTHER TRADING UPDATE Shareholders are referred to the trading update released on Monday, 10 January 2005, in which it was announced that the trading period for the six months ended 2 January 2005, comprised 27 weeks, as against the previous corresponding period, which comprised 26 weeks. Accordingly, shareholders are advised that the headline earnings per share are expected to be 50% - 60% higher than those for the previous corresponding period. This is due to the longer trading period as well as a decrease in foreign exchange losses. Earnings per share are however only expected to increase 10% - 20% when compared to the previous corresponding period due to a large exceptional item relating to the amortisation of negative goodwill, which came through in the results for the six months ended 31 December 2003 and which was not repeated for the period ended 2 January 2005. Further details will be provided when Shoprite"s results for the six months ended 2 January 2005 are published on 22 February 2005. The above statements have not been reviewed and reported on by Shoprite"s auditors. Cape Town 3 February 2005 Sponsor Nedbank Capital Date: 03/02/2005 04:07:03 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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