PWK/PIK - Pick n Pay Holdings /Pick n Pay Stores - Special resolution of

PWK/PIK - Pick n Pay Holdings /Pick n Pay Stores  - Special resolution of       
shareholders passed in respect of proposed financial assistance in terms of     
section 45 of the Companies Act                                                 
Pick n Pay Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1981/009610/06)                                           
Share code: PWK     ISIN code: ZAE000005724                                     
Pick n Pay Stores Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1968/008034/06)                                           
Share code: PIK     ISIN code: ZAE000005443                                     
(collectively referred to as "the Companies")                                   
SPECIAL RESOLUTION OF SHAREHOLDERS PASSED IN RESPECT OF PROPOSED FINANCIAL      
ASSISTANCE IN TERMS OF SECTION 45 OF THE COMPANIES ACT                          
Notice is hereby given in terms of section 60(4) of the Companies Act, 71 of    
2008, as amended ("the Act"), that the shareholders of the Companies resolved   
in terms of section 45(2) of the Act to authorise the Companies to provide      
financial assistance to persons who are related or inter-related to the         
Companies, which includes its subsidiaries, pursuant to the authority granted   
to the boards of the Companies by its shareholders on 15 December 2011, in      
terms of sections 60(1) and 60(2) of the Act.                                   
By order of the boards                                                          
Cape Town                                                                       
20 November 2011                                                                
Sponsor: Investec Bank Limited                                                  
Date: 20/12/2011 15:40:01 Supplied by www.sharenet.co.za                     
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