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 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.