No change statement and notice of annual general meeting PICK N PAY HOLDINGS LIMITED RF (the Company) Registration Number 1981/009610/06 ISIN: ZAE000005724 JSE Share Code: PWK (Pick n Pay) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 28 February 2016 are now available on our website, www.picknpayinvestor.co.za. The annual financial statements contain no modifications to the audited summarised financial results that were published on 26 April 2016. EY Inc. completed their audit of the Company and Group annual financial statements of Pick n Pay Holdings Limited RF on 25 April 2016. Their unqualified audit report will be presented in the 2016 audited annual financial statements and is available for inspection at the registered office of the Company. NOTICE OF THE ANNUAL GENERAL MEETING The annual general meeting of Pick n Pay will be held on Monday 25 July 2016 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. On 24 June 2016 the notice of the annual general meeting will be posted to shareholders and the 2016 Integrated Annual Report will be released on our website. Cape Town 30 May 2016 Sponsor Investec Bank Limited Date: 30/05/2016 05:30:00 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.