Dealing in Securities by Directors Pick n Pay Holdings Limited RF Incorporated in the Republic of South Africa Registration number 1981/009610/06 Share code: PWK ISIN code: ZAE000005724 DEALING IN SECURITIES BY DIRECTORS In compliance with the JSE Listing Requirements, the following information is disclosed: Alternate Director : Suzanne Ackerman-Berman Company : Pick n Pay Holdings Limited RF Date of transaction : 28 August 2015 Nature of transaction : Off-market transfer to the family trust of shares recently acquired through the vesting of share options Number of securities acquired : 92 755 shares Class of security : Ordinary Volume weighted average price : R27.46 per share Total value of shares transferred : R2 547 052.30 Nature of interest : Indirect beneficial Clearance obtained : Yes Alternate Director : Jonathan Ackerman Company : Pick n Pay Holdings Limited RF Date of transaction : 28 August 2015 Nature of transaction : Off-market transfer to the family trust of shares recently acquired through the vesting of share options Number of securities acquired : 37 459 shares Class of security : Ordinary Volume weighted average price : R27.46 per share Total value of shares acquired : R1 028 624.14 Nature of interest : Indirect beneficial Clearance obtained : Yes Sponsor: Investec Bank Limited 31 August 2015 Cape Town Date: 31/08/2015 05:00:00 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.