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PWK/PIK - Pick n Pay Holdings Limited/Pick n Pay Stores Limited - Pick n Pay welcomes appeal judgment regarding the sale of Franklins to Metcash Pick n Pay Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1981/009610/06) Share code: PWK ISIN code: ZAE000005724 Pick n Pay Stores Limited (Incorporated in the Republic of South Africa) (Registration number: 1968/008034/06) Share Code: PIK ISIN code: ZAE000005443 PICK N PAY WELCOMES APPEAL JUDGMENT REGARDING THE SALE OF FRANKLINS TO METCASH Pick n Pay today welcomed the decision by the Full Court of the Federal Court of Australia dismissing the appeal by the Australian Competition and Consumer Commission against the sale of Franklins to Metcash, with legal costs being awarded to Pick n Pay. The sale of Franklins to Metcash was completed on 30 September 2011. The Chairman of Pick n Pay, Gareth Ackerman, said: "We are delighted that the Appeal Court of Australia has vindicated our position. From the outset we believed in the merits of our legal arguments. The successful conclusion of the legal process allows us to focus our resources on Pick n Pay`s core market." For more information please contact: Nick Badminton on +27 21 658 1441 By order of the board Cape Town 30 November 2011 Sponsor: Investec Bank Limited Date: 30/11/2011 11:26:59 Supplied by www.sharenet.co.za 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.
