PICK N PAY STORES LIMITED - Appointment of Chief Executive Officer-designate

Appointment of Chief Executive Officer-designate

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
JSE and A2X share code: PIK
ISIN: ZAE000005443
(“the Group” or “Pick n Pay”)

APPOINTMENT OF CHIEF EXECUTIVE OFFICER-DESIGNATE

Shareholders are advised that the Board of Directors of Pick n Pay has appointed Spencer
Sonn as Chief Executive Officer-designate for the Group with effect from 1 February 2027.

Spencer will work closely with current Chief Executive Officer, Sean Summers, as part of a
planned and orderly leadership transition that will support continuity and the continued
execution of the Group's strategy.

Spencer has more than 30 years of retail leadership experience across South Africa and New
Zealand. He previously served as Managing Director of Woolworths South Africa (Food) and
Managing Director of Woolworths New Zealand*, where he held executive responsibility for
food and grocery retail operations.

The Board is confident that Spencer's extensive local and international retail experience,
proven leadership capability and deep understanding of the food and grocery sector position
him well to build on the significant progress made in the Group's turnaround.

The Board welcomes his appointment and looks forward to working with him as Pick n Pay
continues to strengthen its performance and deliver long-term value for shareholders and
stakeholders.

By order of the Board
Cape Town
22 September 2026

Sponsor:
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

*(Woolworths New Zealand has no connection with Woolworths South Africa)

Date: 22/09/2026 10:00:00
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