SHP – Shoprite Holdings Limited – Trading 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”)

TRADING UPDATE
For the 3 months ending September 2009 the Shoprite Group grew turnover by 15,3% and increased its market share by 1,6% to its highest level of 31,67% in September, which is also the largest share of all supermarket groups in South Africa. This was achieved in a period in which internal food inflation declined to a third of what it was for the same period of the previous year.

These results were achieved against the background of the prolonged recession that became increasingly apparent as job losses and shrinking disposable income took their toll on consumers.

The global recession has not left the rest of Africa unscathed. The Group’s non-RSA business achieved a sales growth of 16,5% at a constant rate of exchange. Due to the strengthening of the rand against other African currencies a 4,3% sales growth in rand terms was achieved.

In a difficult furniture trading environment aggressive discounting intensified putting additional pressure on margins. The Group’s furniture division nevertheless managed to increase turnover by 8,8%.

Management expects a challenging trading period for the rest of the financial year to June 2010. The current low food inflation and substantially higher cost inflation in expense items is likely to continue.

Date issued: 10 February 2009
Sponsor: Nedbank Capital

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