Appointment of Chief Finance Officer Pick n Pay Stores Limited Incorporated in the Republic of South Africa Registration number: 1968/008034/06 Share Code: PIK ISIN code: ZAE000005443 APPOINTMENT OF CHIEF FINANCE OFFICER Pick n Pay is pleased to announce the appointment of Ms Lerena Olivier as the Chief Finance Officer (CFO) and Executive Director of the Company with effect from 6 September 2019. Reflecting the strategic and operational importance of the role, this appointment follows an extensive search involving both internal and external candidates. Lerena has been a senior executive within Pick n Pay’s Group Finance Division for the past eight years, where she has worked very closely with the current CFO, Aboubakar (Bakar) Jakoet. She is a qualified Chartered Accountant (SA) and has 18 years of experience with JSE-listed companies in the retail sector. Lerena currently heads the Group’s reporting and finance team. She has a very strong background in finance, risk management, strategy, accounting and tax, and her expertise and experience equip her extremely well for her new role as Group CFO. The Board congratulates Lerena on her appointment and welcomes her to her new role. The Board reiterates its thanks and appreciation to its outgoing CFO, Bakar Jakoet, who will be retiring on 6 September 2019 after 34 years of dedicated service to Pick n Pay. After he retires from his executive position, Bakar will continue to contribute to Pick n Pay by serving in a non-executive capacity on the Board. This announcement is issued in accordance with section 3.59 of the JSE Listings Requirements By order of the Board Cape Town 31 July 2019 Sponsor: Investec Bank Limited Date: 31/07/2019 11:00:00 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.