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 2019 and all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority. The following information is provided: Total number of shares that can be exercised at the meeting: 744 235 492 Total issued number of ordinary shares: 493 450 321 Total issued number of B ordinary shares: 259 682 869 Treasury shares: 8 897 698 Number of ordinary shares that could have been voted at the meeting: 484 552 623 Total number of share present/represented including proxies at the meeting: 659 692 434 Number of ordinary shares represented at the meeting: 400 009 565 Number of B shares represented at the meeting: 259 682 869 Percentage of ordinary shares represented at the meeting: 81.06% 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 Shares voted disclosed Votes disclosed as a Number of Shares voted Shares as a percentage of the percentage in relation shares voted disclosed as a abstained total number of shares to the Ord and B Ord percentage in disclosed as a (Ord and B Ord) voted shares voted at the relation to the percentage in at the meeting meeting relation to the total issued total issued share capital share capital (see above for details of share capital) FOR AGAINST FOR AGAINST Ordinary resolution 99.99% 0.01% 99.98% 0.02% Ord 399 828 573 81.03% Ord 0.04% Ord number 1: Ord Ord Appointment of external auditors 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord B Ord B Ord Ordinary resolution 92.01% 7.99% 86.83% 13.17% 399 829 070 81.03% Ord 0.04% Ord number 2.1: Ord Ord Ord Director retirement and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord Hugh Herman B Ord B Ord Ordinary resolution 94.26% 5.74% 90.53% 9.47% Ord 399 829 070 81.03% Ord 0.04% Ord number 2.2: Ord Ord Director retirement and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord Jeff van Rooyen B Ord B Ord Ordinary resolution 99.84% 0.16% 99.74% 0.26% Ord 399 829 070 81.03% Ord 0.04% Ord number 2.3: Ord Ord Director retirement and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord David Friedland B Ord B Ord Ordinary resolution 98.90% 1.10% 98.19% 1.81% Ord 399 829 070 81.03% Ord 0.04% Ord number 2.4: Ord Ord Director retirement and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord Suzanne B Ord B Ord Ackerman-Berman Ordinary resolution 98.91% 1.09% 98.20% 1.80% Ord 399 829 070 81.03% Ord 0.04% Ord number 2.5: Ord Ord Director retirement and re-election – 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord Jonathan Ackerman B Ord B Ord Ordinary resolution 95.59% 4.41% 92.72% 7.28% Ord 399 829 070 81.03% Ord 0.04% Ord number 3.1: Ord Ord Re-appointment of Jeff van Rooyen to 100% 0% B Ord 259 682 869 100% B Ord 0% B Ord the audit, risk and B Ord B Ord compliance committee Ordinary resolution 85.20% 14.80% 75.49% 24.51% 395 370 759 80.12% Ord 0.94% Ord number 3.2:Re- Ord Ord Ord appointment of Hugh Herman to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord the audit, risk and Ord B Ord compliance committee Ordinary resolution 99.84% 0.16% 99.73% 0.27% 399 829 070 81.03% Ord 0.04% Ord number 3.3: Ord Ord Ord Re-appointment of Audrey Mothupi to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord the audit, risk and Ord B Ord compliance committee Ordinary resolution 99.86% 0.14% 99.76% 0.24% Ord 399 829 070 81.03% Ord 0.04% Ord number 3.4: Ord Ord Appointment of David Friedland to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord the audit, risk and Ord B Ord compliance committee Advisory vote 84.89% 15.11% 75.05% 24.95 % 398 866 281 80.83% Ord 0.23% Ord number 1: Ord Ord Ord Endorsement of the remuneration policy for the 2019 annual 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord financial period Ord B Ord Advisory vote 76.04% 23.96% 60.47% 39.53% 399 629 064 80.99% Ord 0.08% Ord number 2: Ord Ord Ord Endorsement of the remuneration implementation 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord report for the 2019 Ord B Ord annual financial period Special resolution 79.77% 20.23% 66.63% 33.37% 399 703 845 81.00% Ord 0.06% Ord number 1: Ord Ord Ord Directors’ fees for the 2020 and 2021 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord annual financial Ord B Ord periods Special resolution 98.64% 1.36% 97.76% 2.24% Ord 399 845 912 81.03% Ord 0.03% Ord number 2.1: Ord Ord Financial assistance to related or inter- 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord related companies Ord B Ord Special resolution 94.28% 5.72% 90.57% 9.43% Ord 399 842 124 81.03% Ord 0.03% Ord number Ord Ord 2.2:Financial assistance to 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord persons Ord B Ord Special resolution 98.53% 1.47% 97.57% 2.43% Ord 399 653 156 80.99% Ord 0.07% Ord number 3: Ord Ord General approval to repurchase 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord Company shares Ord B Ord Ordinary resolution 99.99% 0.01% 99.99% 0.01% Ord 399 827 077 81.03% Ord 0.04% Ord number 4: Ord Ord Directors’ authority to implement 100% B 0% B Ord 259 682 869 100% B Ord 0% B Ord special and Ord B Ord ordinary resolutions By order of the board Cape Town 30 July 2019 Sponsor: Investec Bank Limited Date: 30/07/2019 02:17:00 Produced by the JSE SENS Department. 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