SHOPRITE HOLDINGS LIMITED - Operational update

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”)


OPERATIONAL UPDATE

The Shoprite Group reported excellent growth for the six months to December 2016,
increasing turnover by 14.0% from R62.5 billion to R71.3 billion (unaudited). Growth
on a like-for-like basis was 8.6%.

Sales in the South African supermarket operation continued in the same trend as the
first six months of the calendar year and, supported by good festive trading,
increased by 10.7%. Growth on a like-for-like basis was 7.4% with internal inflation
averaging 7.4% for the period.

The Group’s non-RSA supermarkets recorded sales growth of 32.3% assisted by
higher inflation and achieved in the face of low commodity prices and forex
shortages in certain countries. Growth on a like-for-like basis was 14.2%. Taken at
constant currencies, sales grew by 51.7%.

The Group’s furniture division grew sales by 10.0% for the period. Credit sales
continues to be affected by the changes in the National Credit Act.

The Other Operating Segments achieved growth of 10.5%, mainly driven by the OK
Franchise division’s strong performance.

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 or
about Tuesday, 21 February 2017.



Pieter Engelbrecht                Marius Bosman
Chief Executive Officer           Chief Financial Officer
Tel 021 980 4000
Date issued:                      17 January 2017
Sponsor:                          Nedbank Corporate and Investment Banking

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