Dealings in securities by an associate of a director Shoprite Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1936/007721/06) ISIN no: ZAE000012084 JSE share code: SHP NSX share code: SRH LuSE Share code: SHOPRITE (“Shoprite Holdings”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Shareholders are referred to the announcement released on SENS on 28 June 2018, with regards to hedging transactions entered into by Titan Premier Investments Proprietary Limited (“Titan”) over a portion of Titan’s shareholding in Shoprite Holdings. The aforesaid hedging transaction (“the Collar Transaction”) was part of Titan’s ongoing investment and balance sheet management. Shareholders are now advised that Titan has fully unwound the Collar Transaction entered into on 26 June 2018 and has terminated the security arrangement over the underlying shares and has, as a consequence, sold the underlying shares. Titan remains a strategic investor in Shoprite Holdings and continues to hold via associated entities 60,000,000 ordinary shares. The unwinding of the Collar Transaction does not impact the deferred shares held by the Titan group, which remain unchanged at 264,969,112. Director : Dr C H Wiese Office Held : Chairman Associate : Titan Premier Investments Proprietary Limited Date transaction effected : 17 December 2019 Nature of transaction : Sale of shares On market / off market : Off market Written clearance to deal : Yes Interest for associate : Direct beneficial - for Titan Premier Investments Proprietary Limited, an entity ultimately controlled by ‘Christo Wiese Family Trust’of which Dr C H Wiese is a beneficiary Interest for director : Indirect beneficial Number of shares : 18,985,606 ordinary shares Price per share : R134.16 Value of the transaction : R2,547,108,901 Cape Town Date 20 December 2019 Sponsor Nedbank Corporate and Investment Banking Date: 20-12-2019 09:00:00 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.