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Shoprite Holdings - Trading Statement

Release Date: 17/07/2006 16:57
Code(s): SHP
Wrap Text

Shoprite Holdings - Trading Statement 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 ("The Group") TRADING STATEMENT For the 12 months to 2 July 2006, the Shoprite Group increased turnover by 12,8% to approximately R33,5 billion, compared to the corresponding 12 months of 53 weeks in 2005. If the additional week of the previous reporting period is disregarded, turnover growth was 15,0%. All other comparatives contained in this Trading Statement have been calculated on the basis of a 52-week period in 2005. During the reporting period internal food inflation remained below 3% and management is, under those circumstances, satisfied with the turnover growth and the performances of the Group"s various retail chains. The Shoprite brand, the Group"s core business, benefited from the increased disposable income available in its target market. Total sales, supported by a 10,6% increase in customer numbers, grew by 14,5% while turnover in existing stores rose 8,1%. The chain opened 28 stores during the year and now operates a total of 286 supermarkets. Brand loyalty and strong growth in its support base enabled the Checkers brand to compete effectively in its market segment. Turnover in existing stores grew by 8,0% and total turnover by 14,2%. During the year 14 new supermarkets and one hyper were opened while one supermarket was closed. Group turnover was supported by the satisfactory growth in the performance of the 90 non-RSA stores, which recorded turnover growth in rand terms of 20,5%, with the strongest contributions coming from Zambia, Angola and Mozambique. At constant conversion rates, this operation grew by 21.70%. In line with the rest of the furniture industry, growth in our Furniture Division was somewhat slower than our food division. Turnover in existing stores increased by 7,3% and by 13,8% overall. The market in especially white and brown goods continues to be highly competitive. The above financial information has not been reviewed or reported on by the Shoprite Holdings auditors. The results for the 12 months to June 2006 are expected to be published on 16 August 2006. Whitey Basson, CEO, or Carel Goosen, Deputy Managing Director (Tel 021 980 4000). Date issued: 17 July 2006 Sponsor: Nedbank Capital Date: 17/07/2006 04:57:09 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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