PICK N PAY STORES LIMITED - Pick n Pay Stores Limited - Dealing in Securities

Pick n Pay Stores Limited - Dealing in Securities

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


PICK N PAY STORES LIMITED - DEALING IN SECURITIES

Dealing in securities by executive directors and company secretary: allocation of the 2022 restricted
forfeitable share plan (RSP 3) in terms of the Pick n Pay Stores Limited Forfeitable Share Plan, which
was approved by shareholders at the General Meeting held on 12 February 2014 and amended at the
Annual General Meeting held on 4 August 2020.

The restricted forfeitable shares are issued at nil cost and may vest, subject to performance conditions
being met over three financial years. The performance conditions are linked to the growth in
comparable headline earnings per share. Dividends earned over the term of the scheme are payable
upon vesting, pro-rated to the number of restricted forfeitable shares that vest in participants.

In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

 Name of director:                     Pieter Boone
 Designation:                          Chief Executive Officer
 Name of company:                      Pick n Pay Stores Limited
 Number of forfeitable shares:         178 500
 Acceptance of award:                  24 February 2023
 Date of vesting of award:             24 June 2025
 Nature of transaction:                Off-market allocation of restricted forfeited shares
 Nature of interest:                   Direct beneficial
 Clearance obtained:                   Yes

 Name of director:                     Lerena Olivier
 Designation:                          Chief Finance Officer
 Name of company:                      Pick n Pay Stores Limited
 Number of forfeitable shares:         87 000
 Acceptance of award:                  24 February 2023
 Date of vesting of award:             24 June 2025
 Nature of transaction:                Off-market allocation of restricted forfeited shares
 Nature of interest:                   Direct beneficial
 Clearance obtained:                   Yes

 Name of company secretary:            Penelope Gerber
 Designation:                          Company Secretary
 Name of company:                      Pick n Pay Stores Limited
 Number of forfeitable shares:         30 000
 Acceptance of award:                  24 February 2023
 Date of vesting of award:             24 June 2025
 Nature of transaction:                Off-market allocation of restricted forfeited shares
 Nature of interest:                   Direct beneficial
 Clearance obtained:                   Yes

By order of the Board
Cape Town
27 February 2023                                                  Sponsor: Investec Bank Limited

Date: 27-02-2023 03:00:00
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