PICK N PAY STORES LIMITED - Dealing in securities

Dealing in securities

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 STORES LIMITED – DEALING IN SECURITIES

Dealing in securities by executive directors and company secretary: vesting of forfeitable
shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan (FSP). In
compliance with rule 3.63 of the JSE Listings Requirements, the following information is
disclosed in relation to the vesting of the FSP awarded in 2017:

The following participant elected to retain the vested forfeitable shares:

 Executive Director:                         JG Ackerman
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     12 000
 Date of vesting:                            25 June 2020
 Class of shares:                            Ordinary shares
 Price per share:                            R51.8078
 Market value of shares:                     R621 693.60
 Date of transaction:                        29 June 2020
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


The following participant elected to sell the vested forfeitable shares on-market:

 Executive Director:                          RSJ van Rensburg
 Nature of transaction:                       Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                    42 000
 Date of vesting:                             25 June 2020
 Class of shares:                             Ordinary shares
 Date of transaction:                         29 June 2020
 Transaction price per share:                 R51.8078
 Total value of shares sold:                  R2 175 927.60
 Nature of interest:                          Direct beneficial
 Clearance obtained:                          Yes


The following participant elected to sell, on-market, sufficient shares to pay the tax and
related costs, with the balance of the shares being retained:

 Executive Director:                        RWP Brasher
 Nature of transaction:                     Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:    120 000
 Date of vesting:                           25 June 2020
 Class of shares:                           Ordinary shares
 Price per share:                           R51.8078
 Market value of shares:                    R6 216 936
 Number of shares subsequently sold:        55 200
 Date of transaction:                       29 June 2020
 Transaction price per share:               R51.8078
 Value of shares sold:                      R2 859 790.56
 Number of shares retained:                 64 800
 Value of shares retained:                  R3 357 145.44
 Nature of interest:                        Direct beneficial
 Clearance obtained:                        Yes


 Executive Director:                       SD Ackerman-Berman
 Nature of transaction:                    Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:   24 000
 Date of vesting:                          25 June 2020
 Class of shares:                          Ordinary shares
 Price per share:                          R51.8078
 Market value of shares:                   R1 243 387.20
 Number of shares subsequently sold:       11 040
 Date of transaction:                      29 June 2020
 Transaction price per share:              R51.8078
 Value of shares sold:                     R571 958.11
 Number of shares retained:                12 960
 Value of shares retained:                 R671 429.09
 Nature of interest:                       Direct beneficial
 Clearance obtained:                       Yes


 Executive Director:                        L Olivier
 Nature of transaction:                     Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:    60 000
 Date of vesting:                           25 June 2020
 Class of shares:                           Ordinary shares
 Price per share:                           R51.8078
 Market value of shares:                    R3 108 468
 Number of shares subsequently sold:        27 600
 Date of transaction:                       29 June 2020
 Transaction price per share:               R51.8078
 Value of shares sold:                      R1 429 895.28
 Number of shares retained:                 32 400
 Value of shares retained:                  R1 678 572.72
 Nature of interest:                        Direct beneficial
 Clearance obtained:                        Yes


 Company Secretary:                        DE Muller
 Nature of transaction:                    Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:   40 000
 Date of vesting:                          25 June 2020
 Class of shares:                          Ordinary shares
 Price per share:                          R51.8078
 Market value of shares:                   R2 072 312
 Number of shares subsequently sold:       18 400
 Date of transaction:                      29 June 2020
 Transaction price per share:              R51.8078
 Value of shares sold:                     R953 263.52
 Number of shares retained:                21 600
 Value of shares retained:                 R1 119 048.48
 Nature of interest:                       Direct beneficial
 Clearance obtained:                       Yes

The integrated annual report, including the remuneration committee report, will be
available for viewing on our website at www.picknpayinvestor.co.za upon its release on
Friday, 3 July 2020. Full details of the FSP shares awarded and forfeited are to be found
on page 105 of the integrated annual report.


By order of the Board
Cape Town
2 July 2020

Sponsor:
Investec Bank Limited

Date: 02-07-2020 05:30:00
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