SHO Shoprite Grp.

RNS Number:2672K
Shoprite Group PLC
29 March 2005


SHOPRITE GROUP P.L.C.

PURCHASE OF LEASEHOLD INTEREST


The Board of Shoprite Group P.L.C. ("Shoprite" or the "Company") is pleased to
announce that it has, today, through its wholly owned subsidiary MyWay Limited,
signed an agreement with Wm Morrison Supermarkets plc, to purchase, for #3
million its leasehold interest in the Safeway store at Chester Street, Douglas
(The island's capital) Isle of Man.

This acquisition will provide the Group with significant additional food retail
space (approximately 18,000 sq ft of retail space) in the centre of Douglas, and
the Directors believe that it represents an exciting opportunity for Shoprite to
increase its market share.

The acquisition, which remains subject to the transfer of the alcohol licence
and to the Landlord's approval, will be financed out of agreed bank facilities
and is expected to be completed within two months.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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