SHP - Shoprite Holdings Limited - Operating update

SHP - Shoprite Holdings Limited - Operating 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")                                                                   
OPERATING UPDATE                                                                
The Group performed satisfactorily for the six months to December 2010, growing 
turnover by 9,5% to R36,3 billion. Growth on a like-for-like basis was 2,8%.    
For the month of December sales growth was 11,9%. This performance must be seen 
against internal deflation of 1,2% for the six-month period.                    
Its supermarket operation in South Africa increased sales by 8,4% and by 3,2% on
a like-for-like basis.                                                          
Due to the continued weakening of most non-RSA currencies against the rand the  
turnover of the Group`s non-RSA supermarkets in rand terms increased by only    
3,0% and, on a like-for-like basis, by close to 1,0%. At constant currencies a  
rand turnover growth of 13,5% was achieved.                                     
Against the background of a furniture industry that was more unfavourably       
affected by the current economy than most of the retail sector, the Group`s     
furniture division grew sales by 4,3% for the six months.                       
The above financial information has not been reviewed or reported on by Shoprite
Holding`s auditors. The financial results for the review period will be         
published on Tuesday, 22 February 2011.                                         
Whitey Basson            Carel Goosen                                           
Chief executive          Deputy managing director                               
Tel 021 980 4000                                                                
Date issued              11 January 2011                                        
Sponsor                  Nedbank Capital                                        
Date: 11/01/2011 08:00:01 Supplied by www.sharenet.co.za                     
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