SHP - Shoprite - Withdrawal of the proposal by Bra
SHP
SHP
SHP - Shoprite - Withdrawal of the proposal by Brait IV Partnership; and
Withdrawal of cautionary announcement
Shoprite Holdings Limited
Registration number (1936/007721/06)
Share code: SHP
ISIN number: ZAE000012084
("Shoprite" or "the Company")
Withdrawal of the proposal by Brait IV Partnership and withdrawal of cautionary
announcement
Shareholders of Shoprite are referred to the various announcements, the last of
which was made on 4 April 2007 concerning the proposal by Maxshell 107
Investments (Proprietary) Limited a subsidiary of Brait IV Partnership
("Brait"), a fund affiliated with Brait South Africa, for the internal re-
organisation, in specie distribution, delisting and liquidation of Shoprite
("the Brait proposal").
Pursuant to the lapse of the agreements entered into between Shoprite and Brait
in connection with the Brait proposal, representatives of Shoprite and Brait
have been unable to agree on revised terms due to the effluxion of time and
market and share price movements. Accordingly, Brait and Shoprite have mutually
agreed to terminate negotiations. Therefore, the transactions contemplated under
the Brait proposal will not proceed.
As a result the cautionary announcement is hereby withdrawn and shareholders no
longer need to exercise caution in dealing in their Shoprite shares.
Cape Town
16 May 2007
________________________________________________________________________________
Adviser to Shoprite
Javelin Capital Limited
Legal advisor to Shoprite
Jan S de Villiers
Sponsor to Shoprite in South Africa
Nedbank Capital
Sponsor to Shoprite in Namibia
Old Mutual
Sponsor to Shoprite in Zambia
Lewis Nathan Advocates
Date: 16/05/2007 08:49:01 Produced by the JSE SENS Department.
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