PICK N PAY STORES LIMITED - Dealing in Securities

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: award of
forfeitable shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan,
which was approved by shareholders at the General Meeting held on 12 February
2014. The forfeitable shares are issued at nil cost and may vest, subject to
performance conditions being met over three financial years. The performance
conditions are linked to the growth in headline earnings per share.

In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:

 Name of director:                      RSJ van Rensburg
 Designation:                           Chief Information Systems Officer
 Name of company:                       Pick n Pay Stores Limited
 Number of forfeitable shares:          150 000
 Acceptance of award:                   6 December 2019
 Date of vesting:                       27 June 2022
 Nature of transaction:                 Off-market allocation of forfeitable
                                        shares
 Nature of interest:                    Direct beneficial
 Clearance obtained:                    Yes


 Name of director:                      L Olivier
 Designation:                           Chief Finance Officer
 Name of company:                       Pick n Pay Stores Limited
 Number of forfeitable shares:          100 000
 Acceptance of award:                   6 December 2019
 Date of vesting:                       27 June 2022
 Nature of transaction:                 Off-market allocation of forfeitable
                                        shares
 Nature of interest:                    Direct beneficial
 Clearance obtained:                    Yes


 Name of director:                      SD Ackerman-Berman
 Designation:                           Director: Transformation
 Name of company:                       Pick n Pay Stores Limited
 Number of forfeitable shares:          15 000
 Acceptance of award:                   6 December 2019
 Date of vesting:                       27 June 2022
 Nature of transaction:                 Off-market allocation of forfeitable
                                        shares
 Nature of interest:                    Direct beneficial
 Clearance obtained:                    Yes

 Name of director:                      JG Ackerman
 Designation:                           Director: Customer Services
 Name of company:                       Pick n Pay Stores Limited
 Number of forfeitable shares:          8 000
 Acceptance of award:                   6 December 2019
 Date of vesting:                       27 June 2022
 Nature of transaction:                 Off-market allocation of forfeitable
                                        shares
 Nature of interest:                    Direct beneficial
 Clearance obtained:                    Yes


 Name of company secretary:             DE Muller
 Designation:                           Company Secretary
 Name of company:                       Pick n Pay Stores Limited
 Number of forfeitable shares:          25 000
 Acceptance of award:                   6 December 2019
 Date of vesting:                       27 June 2022
 Nature of transaction:                 Off-market allocation of forfeitable
                                        shares
 Nature of interest:                    Direct beneficial
 Clearance obtained:                    Yes


By order of the board
Cape Town

6 December 2019

Sponsor:
Investec Bank Limited

Date: 06-12-2019 04:00:00
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.