Additional constant currency disclosure SHOPRITE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Reg. No. 1936/007721/06 ISIN: ZAE000012084 JSE Share code: SHP NSX Share code: SRH LuSE Share code: SHOPRITE (“Shoprite Holdings” or “the Group”) ADDITIONAL CONSTANT CURRENCY DISCLOSURE Shareholders are referred to the operational update for the six months to December 2017 (“current period”) released on SENS on 16 January 2018. As stated in the announcement, the economic and trading conditions in Non-RSA remained unchanged, with the result that the Group’s Supermarkets Non-RSA operating segment reported a negative turnover growth of -0.4% in Rand terms (1.9% positive in constant currency terms). The impact of lower commodity prices and the depreciation of local currencies remain prevalent in the larger economies of operation outside of South Africa. The following constant currency information is disclosed to indicate the Group’s underlying non-RSA businesses performance in terms of sales growth excluding the effect of foreign currency fluctuations. To present this information, current period turnover for entities reporting in currencies other than ZAR are converted from local currency actuals into ZAR at the prior year’s actual average exchange rates on a country-by-country basis. The table below sets out the percentage change in turnover, based on the current period, in reported currency and constant currency for the following currencies: Reported currency Constant currency % % Angola kwanza -13.07 -9.49 Nigeria naira 5.10 9.27 Zambia kwacha 4.40 4.47 Mozambique metical 32.27 13.17 The above information is the responsibility of the directors of Shoprite Holdings, has been prepared for illustrative purposes only and has not been reviewed or reported on by Shoprite Holdings’ auditors. Date issued: 18 January 2018 Sponsor: Nedbank Corporate and Investment Banking Date: 18/01/2018 04:00:00 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.