SHP - Shoprite Holdings Limited - Operational update at Annual General Meeting

SHP - Shoprite Holdings Limited - Operational update at Annual General Meeting  
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")                                                   
Operational update at Annual General Meeting                                    
For the 3 months ending September 2009 the Shoprite Group grew turnover by      
15,3% and increased its market share by 1,6% to its highest level of 31,67% in  
September, which is also the largest share of all supermarket groups in South   
Africa. This was achieved in a period in which internal food inflation          
declined to a third of what it was for the same period of the previous year.    
These results were achieved against the background of the prolonged recession   
that became increasingly apparent as job losses and shrinking disposable        
income took their toll on consumers.                                            
The global recession has not left the rest of Africa unscathed.  The Group`s    
non-RSA business achieved a sales growth of 16,5% at a constant rate of         
exchange. Due to the strengthening of the rand against other African            
currencies a 4,3% sales growth in rand terms was achieved.                      
In a difficult furniture trading environment aggressive discounting             
intensified putting additional pressure on margins. The Group`s furniture       
division nevertheless managed to increase turnover by 8,8%.                     
Management expects a challenging trading period for the rest of the financial   
year to June 2010.  The current low food inflation and substantially higher     
cost inflation in expense items is likely to continue.                          
Cape Town                                                                       
26 October 2009                                                                 
Sponsor: Nedbank Capital                                                        
Date: 26/10/2009 09:26:53 Supplied by www.sharenet.co.za                     
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