PICK N PAY STORES LIMITED - Dealing in Securities

Dealing in Securities

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 STORES LIMITED – DEALING IN SECURITIES

Dealing in securities by executive directors and company secretary: vesting of forfeitable
shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan. In compliance
with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

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

 Executive Director:                         RWP Brasher
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered      220 000
 and sold:
 Date of vesting:                            25 June 2018
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2018
 VWAP price per share:                       R78.3840
 Highest price per share:                    R78.3840
 Lowest price per share:                     R78.3840
 Total value of shares sold:                 R17 244 480.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Executive Director:                         RSJ van Rensburg
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered      35 000
 and sold:
 Date of vesting:                            25 June 2018
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2018
 VWAP price per share:                       R78.3840
 Highest price per share:                    R78.3840
 Lowest price per share:                     R78.3840
 Total value of shares sold:                 R2 743 440.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Executive Director:                         A Jakoet
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered      35 000
 and sold:
 Date of vesting:                            25 June 2018
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2018
 VWAP price per share:                       R78.3840
 Highest price per share:                    R78.3840
 Lowest price per share:                     R78.3840
 Total value of shares sold:                 R2 743 440.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes
 Company Secretary:                          DE Muller
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered      7 000
 and sold:
 Date of vesting:                            25 June 2018
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2018
 VWAP price per share:                       R78.3840
 Highest price per share:                    R78.3840
 Lowest price per share:                     R78.3840
 Total value of shares sold:                 R548 688.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


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

 Executive Director:                        SD Ackerman-Berman
 Nature of transaction:                     Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:    20 000
 Date of vesting:                           25 June 2018
 Class of shares:                           Ordinary shares
 Price per share:                           R78.3840
 Market value of shares:                    R1 567 680.00
 Number of shares subsequently sold:        9 060
 Date of transaction:                       25 June 2018
 Average price per share:                   R78.3840
 Highest price per share:                   R78.3840
 Lowest price per share:                    R78.3840
 Value of shares sold:                      R710 159.04
 Value of shares retained:                  R857 520.96
 Nature of interest:                        Direct beneficial
 Clearance obtained:                        Yes


 Executive Director:                         JG Ackerman
 Nature of transaction:                      Nil cost of vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     20 000
 Date of vesting:                            25 June 2018
 Class of shares:                            Ordinary shares
 Price per share:                            R78.3840
 Market value of shares:                     R1 567 680.84
 Number of shares subsequently sold:         9 060
 Date of transaction:                        25 June 2018
 Average price per share:                    R78.3840
 Highest price per share:                    R78.3840
 Lowest price per share:                     R78.3840
 Value of shares sold:                       R710 159.04
 Value of shares retained:                   R857 520.96
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


As previously advised, the integrated annual report, including the remuneration
committee report, will be released on Friday, 29 June 2018. If further information is
required before Friday, please feel free to contact the Company Secretary on
demuller@pnp.co.za.


By order of the Board
Cape Town
26 June 2018

Sponsor:
Investec Bank Limited

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