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. In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: The following participants elected to sell the vested forfeitable shares on-market: Executive Director: RWP Brasher Nature of transaction: Nil cost vesting of Forfeitable Share Awards Number of forfeitable shares delivered 220 000 and sold: Date of vesting: 25 June 2018 Class of shares: Ordinary shares Date of transaction: 25 June 2018 VWAP price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Total value of shares sold: R17 244 480.00 Nature of interest: Direct beneficial Clearance obtained: Yes Executive Director: RSJ van Rensburg Nature of transaction: Nil cost vesting of Forfeitable Share Awards Number of forfeitable shares delivered 35 000 and sold: Date of vesting: 25 June 2018 Class of shares: Ordinary shares Date of transaction: 25 June 2018 VWAP price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Total value of shares sold: R2 743 440.00 Nature of interest: Direct beneficial Clearance obtained: Yes Executive Director: A Jakoet Nature of transaction: Nil cost vesting of Forfeitable Share Awards Number of forfeitable shares delivered 35 000 and sold: Date of vesting: 25 June 2018 Class of shares: Ordinary shares Date of transaction: 25 June 2018 VWAP price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Total value of shares sold: R2 743 440.00 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 7 000 and sold: Date of vesting: 25 June 2018 Class of shares: Ordinary shares Date of transaction: 25 June 2018 VWAP price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Total value of shares sold: R548 688.00 Nature of interest: Direct beneficial Clearance obtained: Yes The following participants elected to sell, on-market, sufficient shares to pay tax and related costs, with the balance of the shares being retained: Executive Director: SD Ackerman-Berman Nature of transaction: Nil cost vesting of Forfeitable Share Awards Number of forfeitable shares delivered: 20 000 Date of vesting: 25 June 2018 Class of shares: Ordinary shares Price per share: R78.3840 Market value of shares: R1 567 680.00 Number of shares subsequently sold: 9 060 Date of transaction: 25 June 2018 Average price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Value of shares sold: R710 159.04 Value of shares retained: R857 520.96 Nature of interest: Direct beneficial Clearance obtained: Yes Executive Director: JG Ackerman Nature of transaction: Nil cost of vesting of Forfeitable Share Awards Number of forfeitable shares delivered: 20 000 Date of vesting: 25 June 2018 Class of shares: Ordinary shares Price per share: R78.3840 Market value of shares: R1 567 680.84 Number of shares subsequently sold: 9 060 Date of transaction: 25 June 2018 Average price per share: R78.3840 Highest price per share: R78.3840 Lowest price per share: R78.3840 Value of shares sold: R710 159.04 Value of shares retained: R857 520.96 Nature of interest: Direct beneficial Clearance obtained: Yes As previously advised, the integrated annual report, including the remuneration committee report, will be released on Friday, 29 June 2018. If further information is required before Friday, please feel free to contact the Company Secretary on demuller@pnp.co.za. By order of the Board Cape Town 26 June 2018 Sponsor: Investec Bank Limited Date: 26/06/2018 04:00:00 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.