Shoprite Holdings Limited (JSE:SHP) News - Voluntary update announcement relating to the acquisition of select businesses from Massmart 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 Date: 20-05-2022 12:19:00 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.