PICK N PAY STORES LIMITED - Disclosure of PIC beneficial holding of securities in Pick n Pay Stores Limited

Disclosure of PIC beneficial holding of securities in Pick n Pay Stores Limited

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


DISCLOSURE OF PIC BENEFICIAL HOLDING OF SECURITIES IN PICK N
PAY STORES LIMITED

In accordance with section 122(3)(b) of the Companies Act and section 3.83(b)
of the JSE Listings Requirements, shareholders are advised that the Public
Investment Corporation has a total beneficial interest of 9.602% in the total
number of the Company’s shares in issue.

Shareholders were advised on 30 September 2016 that the Public Investment
Corporation had 12.035% of the Company’s shares in issue. The dilution of the
Public Investment Corporation’s total beneficial interest is due to the corporate
action to unbundle of the Pick n Pay pyramid structure and a misallocation of
units due within the Public Investment Corporation’s externally managed
portfolio.

Formal notification has been received from the Public Investment Corporation
and Pick n Pay Stores Limited has filed the required notice with the Takeover
Regulation Panel.



By order of the board
Cape Town
13 October 2016

Sponsor:
Investec Bank Limited

Date: 13/10/2016 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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