Dealing in securities by Director 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 BY DIRECTOR Following his retirement as an executive director, forfeitable shares vested in A Jakoet in terms of the Pick n Pay Stores Limited Forfeitable Share Plan. The participant elected to sell the vested forfeitable shares on-market. In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Executive Director: A Jakoet Company: Pick n Pay Stores Limited Nature of transaction: Nil cost vesting of Forfeitable Share Awards Number of forfeitable shares delivered and sold: 140 000 Date of vesting: 7 November 2019 Class of shares: Ordinary shares Date of transaction: 7 November 2019 Weighted average sale price per share: R69.78 Total value of shares sold: R9,769,200.00 Highest price per share: R70.40 Lowest price per share: R69.30 Nature of interest: Direct beneficial Clearance obtained: Yes By order of the Board Cape Town 8 November 2019 Sponsor: Investec Bank Limited Date: 08/11/2019 04:31:00 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.