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                                                                
For the six months ending December 2011 the Shoprite Group grew turnover by     
13,2% to some R41,1 billion. Growth on a like-for-like basis was 8,0%.  CPI is  
projected to be 5.8% for the six months.                                        
The supermarket operation in South Africa increased sales by 12,3% and by 6,8%  
on a like-for-like basis. Internal food inflation for the period was on average 
5.0% compared to an official food inflation figure estimated at 9%.             
Supported by a healthy growth in the demand for general merchandise, sales for  
the month of December was 15,5% higher than in the corresponding period.        
The rand weakened against most non-RSA currencies resulting in the Group`s non- 
RSA supermarkets achieving a sales growth of 21,2% for the period and 13,9% on a
like-for-like basis. At constant currencies a rand turnover growth of 16,9% was 
achieved. New stores in Angola and Nigeria resulted in above-average growth.    
The Group`s furniture division increased sales by 13,6% for the six months in a 
sector strongly impacted by the economic downswing. This growth was generated   
mainly by OK Furniture, which focuses on the lower end of the market.           
The above information has not been reviewed or reported on by Shoprite Holding`s
auditors. The Group`s financial results for the review period will be published 
on Tuesday, 21 February 2012.                                                   
Whitey Basson                 Carel Goosen                                      
Chief executive               Deputy managing director                          
Tel 021 980 4000                                                                
Date issued                   16 January 2012                                   
Sponsor                       Nedbank Capital                                   
Date: 16/01/2012 14:08:14 Supplied by www.sharenet.co.za                     
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