Shoprite Holdings Limited - Trading Update At Annual General Meeting

Shoprite Holdings Limited - Trading Update At Annual General Meeting            
Shoprite Holdings Limited                                                       
Incorporated in the Republic of South Africa                                    
Registration number 1936/007721/06                                              
ISIN:  ZAE000012084                                                             
JSE share code:  SHP                                                            
NSX share code:  SRH                                                            
LuSE share code:  SHOPRITE                                                      
("The Group")                                                                   
TRADING UPDATE AT ANNUAL GENERAL MEETING                                        
In the first three months of the 2006 financial year the Group increased total  
turnover by 11,8% on a comparable basis, continuing the sales trend that        
characterised the 2005 financial year. Although food inflation increased        
marginally it remained well below the CPI with many staple products selling at  
prices below those of a year ago.                                               
Operating profit and operating margins for the Group were on budget.            
All three of the Group"s FMCG chains - Shoprite, Checkers and Usave - returned  
solid growth, with Shoprite in particular reporting increases in basket size and
the number of customer transactions. The Group"s market share increased         
marginally. In line with the rest of the furniture sector, the furniture        
division is starting to reflect the slow-down in consumer spending with a       
turnover growth of 13,9% . The Group"s non-RSA operations recorded sales growth 
of 12,9% in rand terms and 16,0% in stable currencies.                          
In the first three months of the 2006 financial year 8 supermarkets and 5 Usave 
outlets were opened. A further 32 stores will be opened by the end of December. 
Of these, 20 will be located within South Africa and 12 outside its borders. The
opening of 34 own stores has thus far been confirmed for the second half of the 
financial year.                                                                 
The Group is confident that the growth trend of the first quarter will continue 
in the second quarter. A decision by government to curb consumer spending by    
increasing interest rates could lower such expectations. In that case the sale  
of durable and semi-durable goods would be affected more than that of foods as  
the lower income groups tend to be less affected by such changes.               
Cape Town                                                                       
27 October 2005                                                                 
Sponsor: Nedbank Capital                                                        
Date: 27/10/2005 10:00:03 AM Supplied by www.sharenet.co.za                     
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