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 Stores Limited was held on 25 July 2016 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 488 450 321 Number of ordinary shares that could have been voted at the meeting 488 450 321 Number of ordinary shares represented at the meeting 433 630 908 Percentage of ordinary shares represented at the meeting 88.78% Abstentions are represented as a percentage of total issued number of ordinary shares. The annual financial statements for the year ended 28 February 2016 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: 433 161 179 1 259 13 470 Appointment of external auditors 99.99% - - Ordinary resolution number 2.1: 394 606 923 39 010 515 13 470 Director retirement and re-election – 91.00% 9.00% - Hugh Herman Ordinary resolution number 2.2: 433 379 524 236 380 15 004 Director retirement and re-election – 99.95% 0.05% - Lorato Phalatse Ordinary resolution number 2.3: 433 283 024 332 880 15 004 Director retirement and re-election – 99.92% 0.08% - Jeff van Rooyen Ordinary resolution number 2.4: 403 722 680 27 086 831 2 821 397 Director retirement and re-election – 93.71% 6.29% 0.58% David Friedland Ordinary resolution number 3.1: 433 532 082 85 356 13 470 Re-appointment of Jeff van Rooyen 99.98% 0.02% - to the audit committee Ordinary resolution number 3.2: 394 494 293 39 123 145 13 470 Re-appointment of Hugh Herman to 90.98% 9.02% - the audit committee Ordinary resolution number 3.3: 433 614 645 1 259 15 004 Re-appointment of Audrey Mothupi 99.99% - - to the audit committee Ordinary resolution number 3.4: 400 723 068 30 086 443 2 821 397 Appointment of David Friedland to 93.02% 6.98% 0.58% the audit committee Advisory vote: 364 370 069 66 439 442 2 821 397 Remuneration report for the 2016 84.58% 15.42% 0.58% annual financial period Special resolution number 1: 401 468 892 29 340 619 2 821 397 Directors’ fees for the 2017 and 93.19% 6.81% 0.58% 2018 annual financial periods Special resolution number 2.1: 433 401 706 214 198 15 004 Financial assistance to related or 99.95% 0.05% - inter-related companies Special resolution number 2.2: 416 718 963 14 006 851 2 905 094 Financial assistance to persons 96.75% 3.25% 0.59% Special resolution number 3: 403 786 862 29 745 345 98 701 General approval to repurchase 93.14% 6.86% 0.02% Company shares Ordinary resolution number 4: 433 557 873 1 259 71 776 Directors’ authority to implement 99.99% - 0.01% special and ordinary resolutions By order of the board Cape Town 25 July 2016 Sponsor: Investec Bank Limited Date: 25/07/2016 02:46:00 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.