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
(“the Company”)

PICK N PAY STORES LIMITED – DEALING IN SECURITIES

Vesting of the 2020 long-term restricted share incentive scheme awards (RSP 1)
Dealing in securities by directors and company secretary on the vesting of restricted forfeitable share
plan awards in terms of the Company’s restricted 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 following participant elected to retain all shares:

 Director:                                                JG Ackerman
 Nature of transaction:                                   Nil cost of vesting of share awards
 Number of restricted forfeitable shares delivered:       15 000
 Date of vesting:                                         24 July 2023
 Class of shares:                                         Ordinary shares
 Price per share:                                         R37.75
 Market value of shares retained:                         R566 179.50
 Date of transaction:                                     26 July 2023
 Nature of interest:                                      Direct beneficial
 Clearance obtained:                                      Yes

The following participant elected to sell, on-market, sufficient shares to pay tax and related costs,
with the balance of the shares being retained:

 Director:                                                L Olivier
 Nature of transaction:                                   Nil cost of vesting of share awards
 Number of restricted forfeitable shares delivered:       60 000
 Date of vesting:                                         24 July 2023
 Class of shares:                                         Ordinary shares
 Average price per share:                                 R37.75
 High price per share:                                    R38.85
 Low price per share:                                     R37.15
 Market value of shares:                                  R2 264 718.00
 Number of shares subsequently sold:                      27 900
 Date of transaction:                                     26 July 2023
 Market value of shares sold:                             R1 053 093.87
 Number of shares retained:                               32 100
 Market value of shares retained:                         R1 211 624.13
 Nature of interest:                                      Direct beneficial
 Clearance obtained:                                      Yes

The following participant elected to sell the vested shares on-market:

 Company Secretary:                                       PJ Gerber
 Nature of transaction:                                   Nil cost of vesting of share awards
 Number of restricted forfeitable shares delivered
 and sold:                                                25 000
 Date of vesting:                                         24 July 2023
 Class of shares:                                         Ordinary shares
 Average price per share:                                 R37.75
 High price per share:                                    R38.85
 Low price per share:                                     R37.15
 Market value of shares sold:                             R943 632.50
 Date of transaction:                                     26 July 2023
 Nature of interest:                                      Direct beneficial
 Clearance obtained:                                      Yes

Pro-rated vesting of the 2021 long-term share incentive scheme awards in retiree (RSP 2)

Pro-rated vesting in retired executive director in accordance with the scheme rules.

The following participant elected to retain all shares:

 Director:                                                JG Ackerman
 Nature of transaction:                                   Nil cost of vesting of share awards
 Number of restricted forfeitable shares delivered:       15 865
 Date of vesting:                                         24 July 2023
 Class of shares:                                         Ordinary shares
 Price per share:                                         R37.75
 Market value of shares retained:                         R598 829.18
 Date of transaction:                                     26 July 2023
 Nature of interest:                                      Direct beneficial
 Clearance obtained:                                      Yes

Dealing in securities by Company Secretary

In compliance with the JSE Listing Requirements, the following information is disclosed:

 Company Secretary:                                       P Gerber
 Nature of transaction:                                   On market sale of shares
 Date of transaction:                                     26 July 2023
 Class of shares:                                         Ordinary shares
 Number of shares sold:                                   11 282
 Average price per share:                                 R37.75
 High price per share:                                    R38.85
 Low price per share:                                     R37.15
 Market value of shares sold:                             R425 842.47
 Nature of interest:                                      Direct beneficial
 Clearance obtained:                                      Yes


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

Date: 27-07-2023 05:00:00
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