No change statement and notice of annual general meeting PICK N PAY STORES LIMITED (the Company) Registration Number 1968/008034/06 ISIN: ZAE000005443 JSE Share Code: PIK (Pick n Pay) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT Shareholders are advised that the audited Company and Group annual financial statements for the 52 weeks ended 25 February 2018 are on our website, www.picknpayinvestor.co.za, together with the 2018 Integrated Annual Report and the 2018 Corporate Governance Report. The annual financial statements contain no modifications to the summarised audited Group annual financial statements that were published on 19 April 2018. Ernst & Young Inc. completed their audit of the Company and Group annual financial statements on 18 April 2018. Their unqualified audit report is presented in the 2018 audited annual financial statements and is available for inspection at the registered office of the Company. NOTICE OF THE ANNUAL GENERAL MEETING The annual general meeting of Pick n Pay will be held on Monday, 30 July 2018 at 08:30 in the conference centre of the registered office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708, to transact business as stated in the notice of the annual general meeting. The record date to vote and participate in the meeting is Friday, 20 July 2018. The notice and proxy of the annual general meeting was posted to shareholders on 29 June 2018, together with the summarised audited Group annual financial statements. The notice and proxy form can also be found in the 2018 corporate governance report, which will be available by close of business on 29 June 2018 on our website, www.picknpayinvestor.co.za. Cape Town 29 June 2018 Sponsor: Investec Bank Limited Date: 29/06/2018 02:00:00 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.