Unaudited Group Results for the 6 Months Ended December 2015

(Reg. No. 1936/007721/06) | (ISIN: ZAE 000012084) | (JSE Share code: SHP) (NSX Share code: SRH) | (LuSE Share code: SHOPRITE) | (“the Group”) UNAUDITED GROUP RESULTS FOR THE 6 MONTHS ENDED DECEMBER 2015

Financial highlights % Declaration of change Dec 2015 Dec 2014 Sale of merchandise (Rm) 8.8 62 519 57 469 ordinary dividend Trading profit (Rm) 10.4 3 314 3 003 The board has declared an interim Operating profit (Rm) 15.3 3 381 2 933 dividend of 156 cents (2015: 143 cents) Profit before income tax (Rm) 12.9 3 220 2 853 per ordinary share, payable to shareholders Income tax expense (Rm) 14.9 993 864 on Tuesday, 22 March 2016. The dividend Profit for the period (Rm) 12.0 2 227 1 989 has been declared out of income reserves. Attributable to owners of the parent (Rm) 2 224 1 986 The last day to trade cum dividend will be Attributable to non-controlling interest (Rm) 3 3 Friday, 11 March 2016. As from Monday, Headline earnings per share (cents) 8.9 405.0 371.9 14 March 2016, all trading of Shoprite Earnings per share (cents) 12.1 416.3 371.4 Holdings Ltd shares will take place ex dividend. The record date is Friday, Dividend per share (cents) 9.1 156.0 143.0 18 March 2016. Share certificates may not be dematerialised or rematerialised Whitey Basson, Chief executive: between Monday, 14 March 2016, and For the six months to December 2015 the Shoprite Group lifted total turnover by 8.8% Friday, 18 March 2016, both days inclusive. to R62.519 billion despite South Africa’s weak economic growth and high unemployment. The improved sales growth in the second quarter is particularly pleasing considering internal In terms of the Dividends Tax, the following food inflation declined over the period and was less than half that of the corresponding additional information is disclosed: period (2.2% vs 5.2%). 1. The local dividend tax rate is 15%. Effective management of all aspects of the business, including cost control, enabled 2. The net local dividend amount is the Group to achieve a trading profit which, at R3.314 billion (2014: R3.003 billion) is 132.60 cents per share for share 10.4% higher than in the comparative period. In a highly competitive environment, the holders liable to pay Dividends Tax and trading margin increased from 5.2% to 5.3% as the Group’s established store and distribution infrastructure continued to become more efficient. 156 cents per share for shareholders The Group’s results were boosted by strong growth in the major markets where it trades exempt from paying Dividends Tax. outside South Africa. The economies of oil-rich Angola and Nigeria showed surprising 3. The issued ordinary share capital of resilience despite the challenges brought about by the steep drop in the oil price. Shoprite Holdings Ltd as at the date Sustainable growth remains central to the Group’s strategy and during the twelve months of this declaration is 572 871 960 to December a total of 176 net new corporate stores were opened (74 of which were in the ordinary shares. period under review). Some 6 150 new jobs were created making us one of the largest 4. Shoprite Holdings Ltd’s tax reference employers in South Africa, employing more than 136 000 people. number is 9775/112/71/8.

About this announcement

This short-form announcement is the responsibility of the directors of Shoprite Holdings Ltd. It is only a summary of the information in the condensed consolidated interim financial statements and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the condensed consolidated interim financial statements published on SENS and www.shopriteholdings.co.za as a whole. The condensed consolidated interim financial statements have been released on the Stock Exchange News Service (SENS) and are available for viewing on www.shopriteholdings.co.za. Copies of the condensed consolidated interim financial statements may be requested from the company secretary ([email protected], tel +27 (0)21 980 4284) at PO Box 215, Brackenfell, 7561, South Africa.

By order of the board

CH Wiese JW Basson Chairman Chief executive

Cape Town, 22 February 2016

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