Report on Proceedings at 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 (Pick n Pay) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING Shareholders are advised that the Annual General Meeting (AGM) of Pick n Pay was held on 30 July 2018 and all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority. The following information is provided: Total issued number of ordinary shares: 488 450 321 Total issued number of B ordinary shares: 259 682 869 Treasury shares: 7 543 999 Number of ordinary shares that could have been voted at the meeting: 480 906 322 Number of ordinary shares represented at the meeting: 398 776 317 Number of B shares represented at the meeting: 259 682 869 Percentage of ordinary shares represented at the meeting: 82.92% Percentage of B shares represented at the meeting: 100.00% Abbreviations: ordinary shares (Ord) B ordinary shares (B Ord) Details of the results of voting at the AGM are as follows: Resolutions Votes carried disclosed as Number of shares Shares voted Shares abstained a percentage in relation voted disclosed as a disclosed as a to the total number of percentage in relation percentage in relation shares voted at the to the total issued to the total issued meeting share capital share capital (see above for details of share capital) FOR AGAINST Ordinary resolution 100% Ord 0% Ord 398 508 069 Ord 81.59% Ord 0.05% Ord number 1: Appointment of external 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord auditors Ordinary resolution 87.17% Ord 12.83% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 2.1: Director retirement and 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord re-election – Hugh Herman Ordinary resolution 99.46% Ord 0.54% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 2.2: Director retirement and 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord re-election – Jeff van Rooyen Ordinary resolution 98.13% Ord 1.87% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 2.3: Director retirement and 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord re-election – David Robins Ordinary resolution 99.90% Ord 0.10% Ord 398 554 173 Ord 81.60% Ord 0.05% Ord number 2.4: Director retirement and 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord re-election – Audrey Mothupi Ordinary resolution 98.83% Ord 1.17% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 3.1: Re-appointment of Jeff 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord van Rooyen to the audit, risk and compliance committee Ordinary resolution 87.08% Ord 12.92% Ord 395 755 915 Ord 81.02% Ord 0.62% Ord number 3.2:Re- appointment of Hugh 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Herman to the audit, risk and compliance committee Ordinary resolution 99.90% Ord 0.10% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 3.3: Re-appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Audrey Mothupi to the audit, risk and compliance committee Ordinary resolution 99.92% Ord 0.08% Ord 398 554 193 Ord 81.60% Ord 0.05% Ord number 3.4: Appointment of David 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Friedland to the audit, risk and compliance committee Advisory vote number 1: 86.72% Ord 13.28% Ord 398 553 773 Ord 81.60% Ord 0.05% Ord Endorsement of the remuneration policy for 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord the 2018 annual financial period Advisory vote number 2: 88.23% Ord 11.77% Ord 398 553 773 Ord 81.60% Ord 0.05% Ord Endorsement of the remuneration 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord implementation report for the 2018 annual financial period Special resolution 74.28% Ord 25.72% Ord 398 442 820 Ord 81.57% Ord 0.07% Ord number 1: Directors’ fees for the 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord 2019 and 2020 annual financial periods Special resolution 98.93% Ord 1.07% Ord 398 554 712 Ord 81.60% Ord 0.05% Ord number 2.1: Financial assistance to 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord related or inter-related companies Special resolution 94.44% Ord 5.56% Ord 398 508 988 Ord 81.59% Ord 0.05% Ord number 2.2:Financial assistance to persons 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Special resolution 98.48% Ord 1.52% Ord 398 341 526 Ord 81.55% Ord 0.09% Ord number 3: General approval to 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord repurchase Company shares Ordinary resolution 100.00% Ord 0.00% Ord 398 554 289 Ord 81.60% Ord 0.05% Ord number 4: Directors’ authority to 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord implement special and ordinary resolutions By order of the board Cape Town 30 July 2018 Sponsor: Investec Bank Limited Date: 30/07/2018 01:10:00 Produced by the JSE SENS Department. 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