SHP - Shoprite - Trading Update

SHP - Shoprite - Trading Update                                                 
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                                                      
("Shoprite" or "the company")                                                   
TRADING UPDATE                                                                  
In the three months to end September the Shoprite Group continued to grow       
turnover satisfactorily. Total sales increased by 25,9%, identical to the rate  
of growth recorded in the same period last year. This enabled the Group to grow 
market share in South Africa by 1,5%.                                           
Internal food inflation during the review period rose to 16,5%, double the 8,2% 
in the corresponding period. In the month of September food inflation eased 0,4%
lower than in the preceding two months.                                         
Sales in the Group`s stores outside South Africa increased by 44,5% in rand     
terms. This growth was affected positively by the weakening of the rand against 
some of the major African currencies in which it trades.                        
Trading conditions in the furniture sector, characterized by aggressive         
discounting and virtually nil inflation, continued to be extremely tight. The   
Group`s furniture division nevertheless reported a sales increase of 10,2%.     
The impact of global economic turbulence on the local market, the still high    
level of food inflation and the volatility of the rand against major trading    
currencies, make trading predictions for the nine months to June 2009 difficult.
Cape Town                                                                       
27 October 2008                                                                 
Sponsor: Nedbank Capital                                                        
Date: 27/10/2008 09:00:02 Supplied by www.sharenet.co.za                     
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