PIK - Pick n Pay Stores Ltd - Dealing in securities by directors

PIK - Pick n Pay Stores Ltd - Dealing in securities by directors                
Pick n Pay Stores Ltd                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008034/06)                                            
Share code:  PIK                                                                
ISIN: ZAE000005443                                                              
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with the JSE Listing Requirements, the following information is   
disclosed:                                                                      
Director                                :    Suzanne Ackerman-Berman            
Company                                 :    Pick n Pay Stores Limited          
Date of transaction                     :    18 February 2011                   
Nature of transaction:                       On market sale of shares, proceeds 
                                            of which have been reinvested in    
                                            Pick n Pay Holdings Limited         
Number of securities sold               :    121,449                            
Class of security                       :    Ordinary                           
Average selling price per share         :    R46.11                             
Total value of shares sold              :    R5,599,673.33                      
Highest selling price per share         :    R46.24                             
Lowest selling price per share          :    R46.00                             
Nature of interest                      :    Indirect beneficial                
Clearance obtained                      :    Yes                                
Director                                :    Suzanne Ackerman-Berman            
Company                                 :    Pick n Pay Stores Limited          
Date of transaction                     :    22 February 2011                   
Nature of transaction:                       On market sale of shares, proceeds 
of which have been reinvested in    

                                            Pick n Pay Holdings Limited         
Number of securities sold               :    46,000                             
Class of security                       :    Ordinary                           
Average selling price per share         :    R46.47                             
Total value of shares sold              :    R2,137,656.80                      
Highest selling price per share         :    R46.65                             
Lowest selling price per share          :    R46.30                             
Nature of interest                      :    Indirect beneficial                
Clearance obtained                      :    Yes                                
Sponsor: Investec Bank Limited                                                  
23 February 2011                                                                
Date: 23/02/2011 15:44:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.