Operational update SHOPRITE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Reg. No. 1936/007721/06 ISIN: ZAE 000012084 JSE Share code: SHP NSX Share code: SRH LuSE Share code: SHOPRITE (“Shoprite Holdings” or “the Group”) OPERATIONAL UPDATE In the three months to September 2015, the Shoprite Group increased turnover by 6.7%, a reflection of slower growth in the economy. RSA Supermarkets, the Group’s primary business, grew sales by 4.9% during a period when internal inflation reduced from 6% in the corresponding quarter to 3.4%. The core customer base of its flagship Shoprite chain in particular remained under pressure from mining job cuts, rising electricity costs, labour instability and lack of job creation. The Group’s Non-RSA Supermarkets achieved turnover growth of 12.8% (18.6% in constant currencies) despite the impact of lower commodity prices and currency devaluations of the three dominant countries in which the Group trades on the continent. The Group’s performance during the period was influenced by fewer store openings compared with the corresponding period. There will however, be substantially more store openings in the remaining three quarters of the financial year than in the same period a year prior. The Group remains optimistic in the medium term. Festive season sales are difficult to predict, but a stronger double digit sales growth is already evident for the month of October. Whitey Basson Carel Goosen Chief executive Deputy managing director Tel 021 980 4000 Tel 021 980 4000 Tel 021 980 4000 Date issued 19 October 2015 Sponsor Nedbank CIB Date: 19/10/2015 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.