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SHOPRITE HOLDINGS LIMITED - Operational update

Release Date: 16/01/2018 09:00
Code(s): SHP     PDF:  
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Operational update

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”)

OPERATIONAL UPDATE

The Shoprite Group increased turnover by 6.3% for the six months to December 2017.

Supermarkets RSA, the Group’s primary business, increased sales by 7.8% during a
period when internal inflation decreased to 0.4% for the six months compared to the
corresponding period’s 7.4% driven mainly by a reduction in the price of basic
commodity items.

The economic and trading conditions in Non-RSA remained unchanged, with the result
that the Group’s Supermarkets Non-RSA operating segment reported a negative
turnover growth of -0.4% in Rand terms (1.9% positive in constant currency terms).
The impact of lower commodity prices and the depreciation of local currencies remain
prevalent in the larger economies of operation outside of South Africa.

The Furniture division reported increased sales of 10.8% while Other Operating
Segments, mainly driven by the OK Franchise division’s performance, saw a growth of
6.7%. This is pleasing given low internal price inflation and in line with the Group’s RSA
supermarket performance.

The current pace of growth must be viewed in context of the strong turnover growth of
14.0% in the corresponding six months in the prior year and overall internal price
deflation that occurred in the last quarter.

The above financial information has not been reviewed or reported on by Shoprite
Holdings’ auditors. The financial results for the review period will be published on or
about Tuesday, 27 February 2018.

Pieter Engelbrecht          Marius Bosman
Chief Executive             Chief Financial Officer

Tel 021 980 4000

Date issued:                16 January 2018

Sponsor:                    Nedbank Corporate and Investment Banking

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