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 and sold: 230 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Total value of shares sold: R15 940 196.00 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 and sold: 45 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Total value of shares sold: R3 118 734.00 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 and sold: 45 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Total value of shares sold: R3 118 734.00 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 and sold: 7 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Total value of shares sold: R485 136.40 Nature of interest: Direct beneficial Clearance obtained: Yes The following participant 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: 25 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Price per share: R69.3052 Market value of shares: R1 732 630.00 Number of shares subsequently sold: 11 500 Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Value of shares sold: R797 009.80 Number of shares retained: 13 500 Value of shares retained: R935 620.20 Nature of interest: Direct beneficial Clearance obtained: Yes The following participant elected to retain all shares: Executive Director: JG Ackerman Nature of transaction: Nil cost of vesting of Forfeitable Share Awards Number of forfeitable shares delivered: 25 000 Date of vesting: 25 June 2019 Class of shares: Ordinary shares Price per share: R69.3052 Market value of shares: R1 732 630.00 Date of transaction: 25 June 2019 Transaction price per share: R69.3052 Nature of interest: Direct beneficial Clearance obtained: Yes The integrated annual report, including the remuneration committee report, was released on Wednesday, 26 June 2019 and is available for viewing on our website at www.picknpayinvestor.co.za By order of the Board Cape Town 28 June 2019 Sponsor: Investec Bank Limited Date: 28/06/2019 12:30:00 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.