SHP - Shoprite Holdings Limited - Operational update

SHP - Shoprite Holdings Limited - Operational 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" or "Shoprite Holdings")                                            
OPERATIONAL UPDATE                                                              
For the 12 months to June 2011 ("the 2011 reporting period"), a period of 52    
weeks, the Group increased total turnover by 7,3% to about R72,3 billion,       
compared to the corresponding 12 months of 2010 ("the 2010 reporting            
period") which consisted of 53 weeks.  If the additional week of the 2010       
reporting period is disregarded, turnover growth was 9,7% and growth on a       
like-for-like basis, 4,5%.  During the 2011 reporting period, internal food     
inflation averaged -0,1% compared to 2,2% in the 2010 reporting period.         
Turnover growth increased in the second half of the year to 10,0% from 9,4%     
in the first half.  This must be viewed against internal food inflation of -    
1,6% in the first half and 1,3% in the second half in a very challenging        
market.                                                                         
The South African Supermarket division, the core operation of the Group,        
increased sales by 7,2% (9,8% on a 52-week basis).                              
When converted to rands, the turnover of the 114 supermarkets the Group         
operates outside the borders of South Africa, increased by 2,1% compared to     
the 2010 reporting period (4,5% on a 52-week basis).  At constant               
currencies, however, these operations grew by 10,2% (12,8% on a 52-week         
basis).                                                                         
In a relatively low inflationary environment, the furniture division grew       
turnover by 1,9% (3,9% on a 52-week basis).                                     
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 or about Tuesday, 23 August 2011.               
Whitey Basson            Carel Goosen                                           
Chief executive          Deputy managing director                               
Tel 021 980 4000                                        

Date issued              18  July 2011                                          
Sponsor                  Nedbank Capital                                        
Date: 18/07/2011 13:35:01 Supplied by www.sharenet.co.za                     
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