Shoprite - Trading Update provided at AGM in Cape Town on 23 October 2006

Shoprite - Trading Update provided at AGM in Cape Town on 23 October 2006       
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")                                                                   
SHOPRITE HOLDINGS LIMITED - TRADING UPDATE PROVIDED AT ANNUAL GENERAL MEETING   
HELD IN CAPE TOWN ON 23 OCTOBER 2006                                            
Group turnover grew by 12,0% for the three months to end September reflecting an
encouraging increase in basket size. The trading environment differed markedly  
from that of the corresponding period of the previous financial year when       
internal price inflation was considerably lower than it is currently.           
The turnover of the Group"s South African supermarket operation grew 10,7% in   
the first quarter which was below budget resulting from twelve weeks of         
industrial action following a wage dispute, the first in the Group"s history.   
This matter was resolved on 12 October when agreement was reached on a three-   
year wage accord. The action disrupted trading in especially lower-income       
communities and Shoprite supermarkets in particular were affected while trading 
in Checkers outlets continued largely unaffected.                               
The Group"s non-RSA operations continued to perform well. The results being     
achieved in Nigeria are most encouraging while countries such as Angola,        
Mozambique and Zambia are reporting robust growth. The non-RSA business recorded
sales growth of 27,9% in rand terms.                                            
In line with the rest of the sector, the furniture division"s sales growth      
slowed further, to 11,3%. Margins remained under continuous pressure from       
intense competition. These pressures are expected to increase further given more
expensive imports and higher interest rates.                                    
Continuing its new-store programme, the Group added 8 new outlets in the first  
quarter. A further 20 will be in operation by the end of December, 14 of these  
within South Africa and 6 outside its borders, while 19 new outlets have been   
confirmed for the second half of the financial year.                            
With the industrial action resolved, the Group expects to continue growing      
strongly in the domestic market in the second quarter. Exciting non-food ranges 
are being introduced for the Christmas season. A weaker rand will increase the  
competitiveness of South African merchandise exported to the Group"s 110 stores 
outside the country"s borders. Management therefore remains confident of        
continued growth despite the expected slow-down in consumer spending.           
23 October 2006                                                                 
Sponsor: Nedbank Capital                                                        
Date: 23/10/2006 10:15:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department