No change statement and notice of annual general meeting PICK N PAY STORES LIMITED (the Company) Registration Number 1968/008034/06 ISIN: ZAE000005443 JSE Share Code: PIK (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 26 February 2017 are available on our website, www.picknpayinvestor.co.za, together with the 2017 Integrated Annual Report and the 2017 Corporate Governance Report. The annual financial statements contain no modifications to the audited summarised financial results that were published on 19 April 2017. Ernst & Young Inc. completed their audit of the Company and Group annual financial statements on 18 April 2017. Their unqualified audit report is presented in the 2017 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, 31 July 2017 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. The notice and proxy of the annual general meeting was posted to shareholders on 30 June 2017, together with the summarised audited Group annual financial statements. The notice and proxy form will also be available on our website, www.picknpayinvestor.co.za, by close of business on 30 June 2017. Cape Town 30 June 2017 Sponsor: Investec Bank Limited Date: 30/06/2017 04:30:00 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.