PICK N PAY STORES LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
Share Code: PIK
ISIN code: ZAE000005443


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                                 487 322 321
Number of ordinary shares that could have been voted at the meeting    441 706 548
Number of ordinary shares represented at the meeting                   441 706 548
Percentage of ordinary shares represented at the meeting               91%

Abstentions are represented as a percentage of total issued number of ordinary shares.

The annual financial statements for the year ended 1 March 2015 were presented to
shareholders.

Details of the results of voting at the AGM are as follows:

Resolution proposed                            For               Against              Abstain
Ordinary resolution number 1:              441 351 495              62                354 991
Appointment of external auditors             99.99%                  -                 0.07%

Ordinary resolution number 2.1:            430 406 673          9 952 817            1 347 058
Director retirement and re-election –        97.74%               2.26%                0.28%
Hugh Herman

Ordinary resolution number 2.2:            430 117 101          2 915 047            8 674 400
Director retirement and re-election –        99.33%               0.67%                1.78%
David Robins

Ordinary resolution number 2.3:            440 359 318                172            1 347 058
Director retirement and re-election –        99.99%                    -               0.28%
Jeff van Rooyen

Ordinary resolution number 3.1:            440 359 428                62             1 347 058
Re-appointment of Jeff van Rooyen            99.99%                    -               0.28%
to the audit committee

Ordinary resolution number 3.2:            401 550 227         38 809 263            1 347 058
Re-appointment of Hugh Herman to             91.19%              8.81%                 0.28%
the audit committee

Ordinary resolution number 3.3:            440 359 428                62             1 347 058
Re-appointment of Audrey Mothupi             99.99%                    -               0.28%
to the audit committee

Advisory vote:                             342 257 901         85 877 092            13 571 555
Remuneration report for the 2015             79.94%             20.06%                 2.79%
annual financial period

Special resolution number 1:               394 217 711         46 953 321             535 516
Directors’ fees for the 2016 and             89.36%             10.64%                 0.11%
2017 annual financial periods

Special resolution number 2.1:             441 473 388                62              233 098
Financial assistance to related or           99.99%                    -               0.05%
inter-related companies

Special resolution number 2.2:             425 195 860         16 277 590             233 098
Financial assistance to persons               96.31%              3.69%                0.05%

Special resolution number 3:              384 624 715           56 848 735            233 098
General approval to repurchase               87.12%               12.87%               0.05%
Company shares

Ordinary resolution number 4:              441 338 863              62                 367 623
Directors’ authority to implement            99.99%                   -                 0.08%
special and ordinary resolutions


By order of the board
Cape Town
27 July 2015

Sponsor:
Investec Bank Limited

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