PIK - Retirement of Dennis Cope, and appointment of Aboubakar Jakoet, as

PIK - Retirement of Dennis Cope, and appointment of Aboubakar Jakoet, as        
chief finance officer and director of Pick n Pay Stores Limited                 
Pick n Pay Stores Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1968/008034/06)                                          
Share Code:  PIK   ISIN code: ZAE000005443                                      
RETIREMENT OF DENNIS COPE, AND APPOINTMENT OF ABOUBAKAR JAKOET, AS CHIEF        
FINANCE OFFICER AND DIRECTOR OF PICK N PAY STORES LIMITED                       
Further to our announcement on 19 May 2010, Bakar Jakoet has succeeded          
Dennis Cope as Chief Finance Officer, and has been appointed as a director      
of Pick n Pay Stores Limited, effective 29 April 2011.                          
Dennis retired from the company on 28 April 2011 after thirty-four years of     
loyal and devoted service to Pick n Pay. As Pick n Pay Chairman, Gareth         
Ackerman, said:  "We will miss his humour, wisdom and experience, and his       
prodigious appetite for hard work. We wish him all the best in his well-        
deserved retirement and extend heartfelt thanks to him for all that he has      
done for the Group."                                                            
Bakar is a Chartered Accountant, and has been with the Group for twenty-six     
years. He was appointed a divisional director in 1993 and has served on the     
Retail Management Board since its formation in 1995. He has been involved in    
various projects for the Group both locally and internationally. In May 2010    
it was announced that Bakar was the chosen successor to Dennis.                 
"We are delighted with the depth of ability in the finance department of        
Pick n Pay, and that our succession planning has been so successful," said      
Pick n Pay Chief Executive Officer, Nick Badminton. "While we will miss         
Dennis`s invaluable contribution to every aspect of our business, Bakar`s       
appointment is well deserved on ability, experience and hard work. Bakar and    
Dennis have worked closely together during the past year, and we are            
confident that a seamless handover has been achieved. We know that Bakar        
will maintain the high standards of integrity and professional expertise        
that we enjoyed with Dennis."                                                   
By order of the board                                                           
Cape Town                                                                       
9 May 2011                                                                      
Sponsor:  Investec Bank Limited                                                 
Date: 09/05/2011 14:23:10 Supplied by www.sharenet.co.za                     
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