Trading statement for the six months ended 2 January 2022 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) ("the Group") TRADING STATEMENT FOR THE SIX MONTHS ENDED 2 JANUARY 2022 In accordance with section 3.4(b) of the JSE Limited Listings Requirements, Shoprite Holdings Limited advises shareholders that the Group's basic earnings per share (EPS) and basic headline earnings per share (HEPS) for the six-month period ended 2 January 2022 for total operations and continuing operations are expected to increase by more than 20% when compared with those of the restated six-month period to 27 December 2020. The restatement of the comparative six-month period is due to the classification of the Group's Kenyan, Ugandan and Madagascan operations as discontinued after reporting the interim results for the six-month period ended 27 December 2020. Earnings guidance Shareholders are advised that basic EPS and basic HEPS for the 26 weeks ended 2 January 2022 are expected to be within the ranges reflected in the table below. To facilitate comparison, we have included adjusted basic HEPS which excludes the after-tax effect of exchange rate differences, profit on lease modifications and terminations as well as hyperinflation adjustments. Estimated Restated* 26 weeks 26 weeks Expected 2 Jan 2022 27 Dec 2020 change cents cents % Earnings per share including discontinued operations: Basic EPS 476.9 to 501.0 402.3 18.5 to 24.5 Basic HEPS 506.9 to 532.7 429.3 18.1 to 24.1 Adjusted basic HEPS** 518.4 to 542.9 407.6 27.2 to 33.2 Earnings per share from continuing operations: Basic EPS 471.9 to 495.1 386.1 22.2 to 28.2 Basic HEPS 501.8 to 526.8 416.5 20.5 to 26.5 Adjusted basic HEPS** 519.3 to 543.7 406.4 27.8 to 33.8 * Restated for the classification of the Group's Kenyan, Ugandan and Madagascan operations as discontinued operations in accordance with IFRS 5: Non-current Assets Held for Sale and Discontinued Operations. ** The adjusted basic HEPS and continuing operations information provided, constitutes pro forma financial information in terms of the JSE Limited Listings Requirements, is the responsibility of the Board of Directors of the Company, has been prepared for illustrative purposes only and may not fairly present the Group's financial position. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the Group's external auditors. As previously announced, the Group will release its interim results for the six months ended 2 January 2022 on SENS by 08:00 am on Tuesday, 8 March 2022. 14 February 2022 Cape Town Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited Enquiries: Shoprite Holdings Limited Tel: 021 980 4000 Natasha Moolman - Group Investor Relations Manager Anton de Bruyn - Chief Financial Officer Pieter Engelbrecht - Chief Executive Officer Date: 14-02-2022 12:03:00 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.