Results of the Annual General Meeting Pick n Pay Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1981/009610/06) Share code: PWK ISIN code: ZAE000005724 RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 27 July 2015 and all the resolutions proposed at the AGM were passed by the requisite majority. The following information is provided: Total issued number of ordinary shares 527 249 082 Number of ordinary shares that could have been voted at the meeting 448 216 548 Number of ordinary shares represented at the meeting 448 216 548 Percentage of ordinary shares represented at the meeting 85% The annual financial statements for the year ended 1 March 2015 were presented to shareholders. Abstentions are represented as a percentage of total issued number of ordinary shares. Details of the results of voting at the AGM are as follows: Resolution proposed For Against Abstain Ordinary resolution number 1: 448 162 660 - 53 888 Appointment of external auditors 100% 0.01% Ordinary resolution number 2.1: 440 579 650 7 583 010 53 888 Director retirement and re-election – 98.31% 1.69% 0.01% Raymond Ackerman Ordinary resolution number 2.2: 443 236 780 4 925 880 53 888 Director retirement and re-election – 98.90% 1.10% 0.01% Rene de Wet Ordinary resolution number 3.1: 443 236 780 4 925 880 53 888 Re-appointment of Rene de Wet to 98.90% 1.10% 0.01% the audit committee Ordinary resolution number 3.2: 448 162 660 - 53 888 Re-appointment of Jeff van Rooyen 100% 0.01% to the audit committee Ordinary resolution number 3.3: 416 103 111 32 059 549 53 888 Re-appointment of Hugh Herman to 92.85% 7.15% 0.01% the audit committee Advisory vote: 361 748 359 23 728 630 62 739 559 Remuneration report for the 2015 93.84% 6.16% 11.90% annual financial period Special resolution number 1: 445 773 608 2 389 052 53 888 Directors’ fees for the 2016 and 99.47% 0.53% 0.01% 2017 annual financial periods Special resolution number 2: 448 161 961 699 53 888 Financial assistance to related or 99.99% 0.01% 0.01% inter-related companies Special resolution number 3: 423 508 784 24 653 876 53 888 General approval to repurchase 94.50% 5.50% 0.01% Company shares Ordinary resolution number 4: 447 803 539 699 412 310 Directors’ authority to implement 99.99% 0.01% 0.08% special and ordinary resolutions By order of the board Cape Town 27 July 2015 Sponsor: Investec Bank Limited Date: 27/07/2015 05:36:00 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.