Dealing in securities by an associate of a director

Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
A2X share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
("Shoprite Holdings")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

Shareholders are referred to the announcement released on SENS on 13 October 2023 in
respect of an on market sale of 3 831 164 Shoprite Holdings ordinary shares (the
"Shares") by Titan Fincap Solutions (RF) (Pty) Ltd ("Titan Fincap") on 10 October 2023.

Following the on market sale of the Shares Titan Fincap entered into a scrip borrow
transaction, full details of which are set out below.

Director                                   Dr C H Wiese
Office held                                Non-executive Director
Associate                                  Titan Fincap
Date transaction effected                  12 October 2023
Class of securities                        Shoprite Holdings ordinary shares
Nature of transaction                      Scrip borrow of Shoprite Holdings ordinary
                                           shares by Titan Fincap (on market)
Deemed price per ordinary share            R243.50 (based on the closing price of
                                           Shoprite Holdings ordinary shares as at 12
                                           October 2023). The obligation is for Titan
                                           Fincap to return a fixed number of 3 831 164
                                           Shoprite Holdings ordinary shares and there is
                                           no price attributed to this transaction
Number of ordinary shares                  3 831 164
Deemed value of the transaction            R932 888 434
Nature of interest for director            Indirect beneficial through Titan Fincap
                                           controlled by Titan Premier Investments (Pty)
                                           Ltd ("TPI") of which Dr C H Wiese is a director
Nature of interest for associate           Direct beneficial
Written clearance to deal received         N/A

Further to the transaction above, the Titan group of companies concluded intra-group
transactions (off market) on 17 October 2023 where (i) Titan Fincap acquired an option to
purchase from TPI, 3 831 164 Shoprite Holdings ordinary shares at a strike price of R300
per share, for a value of R1 149 349 200, and (ii) TPI obtained an option from Thibault
Square Financial Services (Pty) Ltd ("Thibault") to purchase 3 831 164 Shoprite Holdings
ordinary shares at a strike price of R300 per share, for a value of R1 149 349 200.

TPI, Thibault and Titan Fincap are wholly owned subsidiaries in the Titan group of
companies and therefore the above intra-group transactions do not result in any change
to the Titan group of companies' and Dr CH Wiese's direct and indirect beneficial
shareholdings in Shoprite Holdings ordinary shares.

The above transactions, prior to the exercise of the intra-group options, do not affect any
of the voting rights in respect of Shoprite Holdings ordinary shares and deferred shares
held by Thibault.

Cape Town
Date 18 October 2023

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-10-2023 02:47:00
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