SHP - Shoprite Holdings Limited - Operations Update

SHP - Shoprite Holdings Limited - Operations 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                                                       
("The Group")                                                                   
Operations Update                                                               
For the 12 months to end June 2009 the Shoprite Group increased total turnover  
by 24,5% to about R59,3 billion. Growth on a like-for-like basis was 19,1%.     
During this period internal food inflation rose to 15,8% compared to 10,6%      
during the corresponding 12 months.                                             
Turnover growth slowed in the second half of the year to 21,8% from 27,3%.      
Management ascribes the slower turnover growth to the increasing pressure on the
disposable income of consumers and the lower internal food inflation which      
reduced from 16,9% in the first six months to 14,7% in the second.              
The South African supermarket division, the core operation of the Group,        
increased sales by 22,8%. This division continued its policy of cutting margins 
on basic foodstuffs to alleviate the impact of food price increases on          
consumers.                                                                      
The 102 supermarkets the Group operates outside the borders of South Africa grew
turnover by 39,9% compared to the previous year. The growth achieved on a like- 
for-like basis was 36,7%. Lower turnover growth in the second half of the year  
resulted from the strengthening of the rand against the currencies of some of   
the countries in which the Group trades in Africa.                              
The Franchise Division, trading mainly under the OK banner, reported a turnover 
increase for the 12 months of 26,6%.                                            
Despite reduced consumer spending on durable goods the Furniture Division       
succeeded in growing turnover by 13,9% in a relatively low inflationary         
environment.                                                                    
The above financial information has not been reviewed or reported on by the     
Shoprite Holdings` auditors. The financial results for the review period are    
expected to be published on Tuesday, 25 August 2009.                            
Whitey Basson            Carel Goosen                                           
Chief executive          Deputy managing director                               
                        Tel 021 980 4000                                        
Date issued              9 July 2009                                            
Sponsor                  Nedbank Capital                                        
Date: 09/07/2009 10:59:02 Supplied by www.sharenet.co.za                     
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