SHOPRITE HOLDINGS LIMITED - Option to acquire interests in Shoprite Holdings

Option to acquire interests in Shoprite Holdings

SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Reg. No. 1936/007721/06
ISIN: ZAE000012084
JSE Share code: SHP
NSX Share code: SRH
LuSE Share code: SHOPRITE
(“Shoprite Holdings” or “the Group”)

OPTIONS TO ACQUIRE INTERESTS IN SHOPRITE HOLDINGS

Shoprite Holdings shareholders are referred to a SENS announcement published by Steinhoff
International Holdings Limited (“Steinhoff”) on 4 August 2017 wherein it was stated that Steinhoff and
Steinhoff Africa Retail Limited (“STAR”) had entered into call option agreements with the Public
Investment Corporation SOC Limited, Lancaster Group Proprietary Limited, Titan Premier
Investments Proprietary Limited (a company ultimately controlled by a family trust of Dr Christo
Wiese, the chairman of both Steinhoff and Shoprite Holdings) and one of its subsidiaries, in terms of
which STAR would acquire economic and voting interests in Thibault Square Financial Services (Pty)
Ltd (“Thibault”) and Shoprite Holdings (“the Call Options”).

Further to the above, Shoprite shareholders are referred to the SENS announcement published on 30
November 2017 by STAR, in which STAR confirmed that it had exercised the Call Options to acquire
an approximately 23.1% economic interest in and approximately 50.6% voting control of Shoprite
Holdings.

The implementation of the investment by STAR in Shoprite Holdings is subject to a number of
conditions precedent, including various merger filings. Shareholders will be informed once all the
conditions precedent for the implementation of the transaction have been met.

1 December 2017

Sponsor
Nedbank Corporate and Investment Banking

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