Enhanced Investments - Financial Portal

Voluntary update announcement relating to the acquisition of select businesses from Massmart

Published: 2022-05-20 13:19:32 ET

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
(“Shoprite Holdings” or the “Company” or the “Group”)


VOLUNTARY UPDATE ANNOUNCEMENT RELATING TO THE ACQUISITION OF SELECT BUSINESSES FROM
MASSMART HOLDINGS LIMITED (“MASSMART HOLDINGS”)

The voluntary announcement relating to the Company’s acquisition of select businesses from Massmart Holdings
dated 20 August 2021 refers; terms capitalised in this announcement shall have the same meaning as defined in
the aforementioned announcement.

Shareholders are referred to the announcement released on the Stock Exchange News Service by Massmart
Holdings. The Company is pleased to announce that the Competition Commission has recommended the approval
of the Transaction, subject to certain conditions im posed on both merging parties. The matter is now being
considered by the Competition Tribunal.

Cape Town
20 May 2022

Financial Advisor and Transaction Sponsor: Investec Bank Limited

Legal Advisor: DLA Piper Advisory Services Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.