PIK / PWK - Pick n Pay Stores / Pick n Pay Holdings - Results of the arbitration

PIK / PWK - Pick n Pay Stores / Pick n Pay Holdings - Results of the arbitration
hearing between the company the SACCAWU                                         
Pick n Pay Stores Ltd                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008034/06)                                            
Share code:  PIK                                                                
ISIN: ZAE000005443                                                              
("the Company")                                                                 
Pick n Pay Holdings Ltd                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009610/06)                                            
Share code:  PWK                                                                
ISIN: ZAE000005724                                                              
RESULTS OF THE ARBITRATION HEARING BETWEEN THE COMPANY THE SACCAWU              
Shareholders are advised that on 19 April 2011 the Company received the results 
of its arbitration hearing on its right to terminate a labour flexibility and   
mobility agreement with the SACCAWU union.                                      
The Arbitrator resolved that the Company did have the right to terminate the    
agreement and that the notice period of such termination was not unreasonable.  
The Company is in the process of analysing the judgement.                       
Cape Town                                                                       
20 April 2011                                                                   
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 20/04/2011 16:44:16 Supplied by www.sharenet.co.za                     
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