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 4 August 2020 and all the ordinary and special resolutions proposed at the AGM were approved by the requisite majority. The following information is provided: Total issued number of ordinary shares: 493 450 321 Treasury shares not voted: 11 308 318 Number of ordinary shares that could have been voted at the meeting: 482 142 003 Number of B ordinary shares that could have been voted at the meeting: 259 682 869 Total number of shares that could have been exercised at the meeting: 741 824 872 Total number of share present/represented including proxies at the meeting: Number of ordinary shares represented at the meeting: 404 518 245 Number of B shares represented at the meeting: 259 682 869 Percentage of ordinary shares represented at the meeting: 81.98% 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 Votes disclosed as a Number of shares Shares voted Shares disclosed as a percentage in relation to voted disclosed as abstained percentage of the the Ord and B Ord shares a percentage disclosed as a total number of voted at the meeting in relation to percentage in shares (Ord and B the total relation to the Ord) voted at the issued share total issued meeting capital share capital (see above for details of share capital) FOR AGAINST FOR AGAINST Ordinary resolution 99.97% 0.03% 99.95% Ord 0.05% Ord 404 360 205 Ord 81.95% Ord 0.03% Ord number 1: Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord external auditors Ordinary resolution 91.13% 8.87% 85.43% Ord 14.57% Ord 404 313 055 Ord 81.94% Ord 0.04% Ord number 2.1: Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord and re-election – Hugh Herman Ordinary resolution 93.14% 6.86% 88.73% Ord 11.27% Ord 404 358 434 Ord 81.95% Ord 0.03% Ord number 2.2: Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord and re-election – Jeff van Rooyen Ordinary resolution 93.48% 6.52% 89.29% Ord 10.71% Ord 404 359 706 Ord 81.95% Ord 0.03% Ord number 2.3: Director retirement 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord and re-election – Gareth Ackerman Ordinary resolution 99.20% 0.80% 98.69% Ord 1.31% Ord 404 359 005 Ord 81.95% Ord 0.03% Ord number 2.4: Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Lerena Olivier Ordinary resolution 89.76% 10.24% 83.19% Ord 16.81% Ord 404 358 993 Ord 81.95% Ord 0.03% Ord number 2.5: Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Aboubakar Jakoet Ordinary resolution 97.65% 2.35% 96.15% Ord 3.85% Ord 404 358 422 Ord 81.95% Ord 0.03% Ord number 2.6: Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Mariam Cassim Ordinary resolution 99.98% 0.02% 99.97% Ord 0.03% Ord 404 354 006 Ord 81.94% Ord 0.03% Ord number 2.7: Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Haroon Bhorat Ordinary resolution 100% 0% 100% Ord 0% Ord 404 359 005 Ord 81.95% Ord 0.03% Ord number 2.8: Director election – 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% Ord Annamarie van der Merwe Ordinary resolution 85.55% 14.45% 76.28% Ord 23.72% Ord 404 357 198 Ord 81.94% Ord 0.03% Ord number 3.1: Re-appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Jeff van Rooyen to the audit, risk and compliance committee Ordinary resolution 85.06% 14.94% 75.46% Ord 24.54% Ord 404 310 677 Ord 81.94% Ord 0.04% Ord number 3.2: Re- appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Hugh Herman to the audit, risk and compliance committee Ordinary resolution 99.43% 0.57% 99.06% Ord 0.94% Ord 404 352 198 Ord 81.94% Ord 0.03% Ord number 3.3: Re-appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Audrey Mothupi to the audit, risk and compliance committee Ordinary resolution 99.62% 0.38% 99.38% Ord 0.62% Ord 404 357 198 Ord 81.94% Ord 0.03% Ord number 3.4: Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord David Friedland to the audit, risk and compliance committee Ordinary resolution 98.11% 1.89% 96.90% Ord 3.10% Ord 404 357 186 Ord 81.94% Ord 0.03% Ord number 3.5: Appointment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Mariam Cassim to the audit, risk and compliance committee Advisory vote 83.21% 16.79% 72.36% Ord 27.64% Ord 401 739 228 Ord 81.41% Ord 0.56% Ord number 1: Endorsement of the 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord remuneration policy for the 2019 annual financial period Advisory vote 76.77% 23.23% 61.85% Ord 38.15% Ord 404 361 986 Ord 81.95% Ord 0.03% Ord number 2: Endorsement of the 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord remuneration implementation report for the 2019 annual financial period Special resolution 78.38% 21.62% 64.49% Ord 35.51% Ord 404 344 901 Ord 81.94% Ord 0.04% Ord number 1: Directors’ fees for 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord the 2020 and 2021 annual financial periods Special resolution 98.76% 1.24% 97.97% Ord 2.03% Ord 404 357 334 Ord 81.94% Ord 0.03% Ord number 2.1: Financial assistance 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord to related or inter- related companies Special resolution 94.23% 5.77% 90.52% Ord 9.48% Ord 404 362 512 Ord 81.95% Ord 0.03% Ord number 2.2: Financial assistance 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord to persons Special resolution 99.75% 0.25% 99.58% Ord 0.42% Ord 404 358 205 Ord 81.95% Ord 0.03% Ord number 3: Amendment of 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord Forfeitable Share Plan Special resolution 98.85% 1.15% 98.11% Ord 1.89% Ord 404 342 655 Ord 81.94% Ord 0.04% Ord number 4: General approval to 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord repurchase Company shares Ordinary resolution 100% 0.00% 100% Ord 0% Ord 404 362 834 Ord 81.95% Ord 0.03% Ord number 4: Directors’ authority 100% B Ord 0% B Ord 259 682 869 B Ord 100% B Ord 0% B Ord to implement special and ordinary resolutions By order of the Board Cape Town 4 August 2020 Sponsor: Investec Bank Limited Date: 04-08-2020 04:45:00 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.