Interest 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 INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act, Pick n Pay Stores Limited (Pick n Pay) shareholders are advised that Ackerman Investment Holdings Proprietary Limited (AIH) has transferred its Pick n Pay shareholding into a wholly-owned subsidiary of AIH in order to ring-fence it from other portfolio investments. By order of the Board Cape Town 29 October 2019 Sponsor: Investec Bank Limited Date: 29/10/2019 05:28:00 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.