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                                                                                                                          (Reg. No. 1936/007721/06)
                                                                                                                                (ISIN: ZAE000012084)
                                                                                                                               (JSE share code: SHP)
                                                                                                                              (NSX share code: SRH)
                                                                                                                       (LuSE share code: SHOPRITE)
                                                                                                                    (“Shoprite Group” or “the Group”)




Operational update for the 52 weeks
to 3 July 2022
For the 52 weeks to 3 July 2022 (“the period”, “the year” or “the 12 months”) the Shoprite Group increased total sale of merchandise by 9.6% to
approximately R184.1 billion. Taking into account the additional week of sales included as part of the prior year’s 53 week reporting period, the Group
increased 2022 sales by 11.9% on a 52 week basis.

During the period, excluding the impact of store closures as a result of the July 2021 civil unrest, the Group added a net 127 stores to its corporate
store base to total 2 476 stores from continuing operations. In line with our first half reporting, no adjustments have been made to the Group’s reported
sales metrics to reflect the impact of the July 2021 civil unrest which affected 231 stores across the Group.

In the interests of full disclosure and in accordance with IFRS 8: Operating Segments, the Group reports sales per segment and the table below
outlines this detail:


                                                                                                                        2022 Sales growth
                                                                                                                                               Pro forma
                                                                                                As reported         52 weeks 2022          52 weeks 2022
                                                                                                    audited           compared to            compared to
                                                                                             53 weeks 2021          53 weeks 2021          52 weeks 2021
 Approximate sales from continuing operations                                                          Rbn                     %                      %

 Total Group                                                                                         168.0                     9.6                 11.9
 Supermarkets RSA                                                                                    133.9                   10.1                  12.6
 Supermarkets Non-RSA                                                                                 15.4                   10.4                  12.9
 Furniture                                                                                             6.8                    (1.4)                 0.7
 Other operating segments                                                                             11.9                     8.5                  9.3
                                                                                                                                                             02




The following information provides context to the overall sales growth for the year:


Supermarkets RSA
• The Group’s core business, Supermarkets RSA, contributing 80.0% to Group sales achieved sales growth of 10.1% (like-for-like 8.5%).
   On a 52 week basis, sales increased by 12.6%.
• Internal selling price inflation measured 3.9% for the year as a result of an acceleration in the fourth quarter which resulted in second half inflation
   measuring close to 5.0%.
• The Supermarkets RSA LiquorShop business’s sales increased by 44.5%. Due to Covid-19 nationwide lockdown regulations, the Supermarkets
   RSA LiquorShop business was required to close for 48 days over the 12 months under review compared to 144 days in the prior year.
• The segment’s sales growth was achieved notwithstanding the impact of the July 2021 civil unrest which severely impacted 189 stores
  (135 supermarkets and 54 LiquorShops) and resulted in additional stores being closed for precautionary reasons. At the end of the period
  31 stores remained closed, nine of which have been permanently closed. The remaining 22 stores (including two large format Checkers Hypers)
  are scheduled to reopen during our 2023 financial year.
• Outside the impact of these aforementioned closures and reopenings, Supermarkets RSA opened a net of 117 stores (2021: net 87 stores) during
  the year to total 1 820 stores.


Supermarkets Non-RSA
• The Group’s Supermarkets Non-RSA segment’s sales increased by 10.4%. On a 52 week basis, sales increased by 12.9%.
• In line with the Group’s ongoing capital allocation management programme, Supermarkets Non-RSA ended the period with a net of 12 less stores
   than the prior year. This is primarily due to the sale of our operations in Madagascar (10 stores) and Uganda (five stores).
• After taking into account the classification of these aforementioned regions as discontinued operations, the segment is represented by 10 countries
   contributing 9.3% to Group sales.


Furniture
• The Group’s Furniture segment, contributing 3.7% to Group sales, reported a 1.4% decline in sales for the year (like-for-like sales increased by
   0.3%). On a 52 week basis, sales increased by 0.7%.
• Sales growth improved notably in the second half (first half sales declined by 6.5%; second half sales increased by 5.2%) given that the period
   began with the civil unrest which directly impacted 35 stores and resulted in the closure of numerous adjacent stores for precautionary reasons.
   At the end of the period, five stores remained closed. Notwithstanding these closures, the segment’s store base increased by a net of five stores
   to end the year with 426 stores.


Other operating segments
• The Group’s Other operating segments include OK Franchise, Transpharm, MediRite Pharmacies, Computicket and Checkers Food Services.
• Other operating segment’s sales increased by 8.5% for the period, contributing 7.0% to Group sales. On a 52 week basis, sales increased by 9.3%.
• Sales to the Group’s OK Franchise business increased by 7.5%. Of the seven OK Franchise stores impacted by the civil unrest, six have been
   reopened and one permanently closed. The OK Franchise division ended the year with 513 stores.


Statement on pro forma financial information
Like-for-like sales growth and sales growth reported against the 2021 52 week period constitute pro forma financial information. The
pro forma financial information contained in this announcement, which is the responsibility of the Group’s directors, has been prepared for
illustrative purposes only and may not fairly present the Group’s financial position, changes in equity, cash flows or results of operations.

The information contained in this announcement has not been reviewed or reported on by the Group’s external auditors.


Group year-end results release, presentation invitation and registration link
Shoprite Holdings is in its closed period and will release its year-end results for the period ended 3 July 2022 on the JSE Stock Exchange
News Service (SENS) by 8:00 am on Tuesday, 6 September 2022.

The Group’s 2022 year-end results webcast presentation will follow, commencing at 9:30 am on Tuesday, 6 September 2022.

Shoprite Holdings’s CEO Pieter Engelbrecht invites all who would like to attend the webcast presentation to do so by registering via the Group’s
website www.shopriteholdings.co.za or alternatively via https://www.corpcam.com/shoprite06092022.

26 July 2022
Cape Town

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

ENQUIRIES
Shoprite Holdings Limited Tel: 021 980 4000
Natasha Moolman – Group Investor Relations Manager
Anton de Bruyn – Chief Financial Officer
Pieter Engelbrecht – Chief Executive Officer