PICK N PAY STORES LIMITED - Vesting of options:Company Secretary

Vesting of options:Company Secretary

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008034/06)
Share code: PIK
ISIN: ZAE000005443


VESTING OF SHARE OPTIONS: COMPANY SECRETARY

The share options were granted in 2009 and in 2010 with grant prices of R37.90 and
R40.07 respectively in terms of the share option scheme. The requisite performance
conditions were met in 2016 and in 2013 respectively.

Company Secretary                            :   D E Muller
Company                                      :   Pick n Pay Stores Limited
Date of transaction                          :   11 January 2018
Nature of transaction                        :   Off market exercise of share options
Class of security                            :   Ordinary
Number of share options exercised            :   10 000 at R37.90
Exercise value                               :   R379 000
Number of share options exercised            :   6 000 at R40.07
Exercise value                               :   R240 420
Number of shares subsequently sold           :   16 000 (off market)
Price per share                              :   R68.40
Value                                        :   R1 094 400
Nature of interest                           :   Direct beneficial
Clearance obtained                           :   Yes


Sponsor: Investec Bank Limited

Cape Town
10 January 2018

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