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SHOPRITE HOLDINGS LIMITED - Additional constant currency disclosure

Release Date: 18/01/2018 16:00
Code(s): SHP     PDF:  
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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'). 
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