Aug 11, 2008
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE 000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(“Shoprite” or “the company”)
In terms of the JSE Limited Listings Requirements, companies must publish a trading update as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different from that of the corresponding period of the previous year.
In the light of this requirement, Shoprite hereby states that it expects both basic and fully diluted earnings per share for the 12 months ended June 2008 to be between 40% and 50% higher than those of the corresponding period in 2007. Headline earnings per share and diluted headline earnings per share are expected to be between 45% and 55% higher than those of the corresponding period.
These results should be viewed against the following:
- The results in the 2007 financial year were depressed by industrial action that severely disrupted trading particularly in Shoprite, the company’s biggest brand
- Shoprite’s non-RSA business increased its trading profit at a rate substantially above that of the rest of the company.
Shareholders are advised that the above information has not been reviewed or reported on by Shoprite’s external auditors. The company’s results for the 12 months ended 30 June 2008 are expected to be released on or about 2 September 2008.
Deputy managing director
Tel 021 980-4000
Date issued 11 August 2008
Sponsor Nedbank Capital