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 Date: 16/01/2018 09:00:00 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.