PICK N PAY STORES LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

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


RESULTS OF THE ANNUAL GENERAL MEETING

Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay Stores
Limited was held on 25 July 2016 and all the resolutions proposed at the AGM were
passed by the requisite majority. The following information is provided:

Total issued number of ordinary shares                                     488 450 321

Number of ordinary shares that could have been voted at the meeting        488 450 321
Number of ordinary shares represented at the meeting                       433 630 908
Percentage of ordinary shares represented at the meeting                   88.78%

Abstentions are represented as a percentage of total issued number of ordinary shares.

The annual financial statements for the year ended 28 February 2016 were presented to
shareholders.

Details of the results of voting at the AGM are as follows:

Resolution proposed                     For                  Against         Abstain

Ordinary resolution number 1:           433 161 179           1 259          13 470
Appointment of external auditors        99.99%                -              -

Ordinary resolution number 2.1:         394 606 923           39 010 515     13 470
Director retirement and re-election –   91.00%                9.00%          -
Hugh Herman

Ordinary resolution number 2.2:         433 379 524           236 380        15 004
Director retirement and re-election –   99.95%                0.05%          -
Lorato Phalatse

Ordinary resolution number 2.3:         433 283 024           332 880        15 004
Director retirement and re-election –   99.92%                0.08%          -
Jeff van Rooyen

Ordinary resolution number 2.4:         403 722 680           27 086 831     2 821 397
Director retirement and re-election –   93.71%                6.29%          0.58%
David Friedland

Ordinary resolution number 3.1:         433 532 082           85 356         13 470
Re-appointment of Jeff van Rooyen       99.98%                0.02%          -
to the audit committee

Ordinary resolution number 3.2:         394 494 293           39 123 145     13 470
Re-appointment of Hugh Herman to        90.98%                9.02%          -
the audit committee

Ordinary resolution number 3.3:         433 614 645           1 259          15 004
Re-appointment of Audrey Mothupi        99.99%                -              -
to the audit committee

Ordinary resolution number 3.4:         400 723 068           30 086 443     2 821 397
Appointment of David Friedland to       93.02%                6.98%          0.58%
the audit committee

Advisory vote:                          364 370 069           66 439 442     2 821 397
Remuneration report for the 2016        84.58%                15.42%         0.58%
annual financial period

Special resolution number 1:            401 468 892           29 340 619     2 821 397
Directors’ fees for the 2017 and        93.19%                6.81%          0.58%
2018 annual financial periods

Special resolution number 2.1:          433 401 706           214 198        15 004
Financial assistance to related or      99.95%                0.05%           -
inter-related companies

Special resolution number 2.2:          416 718 963           14 006 851     2 905 094
Financial assistance to persons         96.75%                3.25%          0.59%

Special resolution number 3:            403 786 862           29 745 345     98 701
General approval to repurchase          93.14%                6.86%          0.02%
Company shares

Ordinary resolution number 4:           433 557 873           1 259          71 776
Directors’ authority to implement       99.99%                -              0.01%
special and ordinary resolutions

By order of the board
Cape Town
25 July 2016

Sponsor:
Investec Bank Limited

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