PICK N PAY STORES LIMITED - Pick n Pay Stores Limited Dealing in Securities

Pick n Pay Stores Limited – 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: vesting of forfeitable
share plan (FSP) awards 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
and amended at the General Meeting held on 4 August 2020.

Vesting of the 2019 FSP long-term incentive scheme

The following participant elected to retain all shares:

 Director:                                    JG Ackerman
 Nature of transaction:                       Nil cost of vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:      4 000
 Date of vesting:                             25 June 2022
 Class of shares:                             Ordinary shares
 Price per share:                             R59.1371
 Market value of shares:                      R236 548.40
 Date of transaction:                         27 June 2022
 Nature of interest:                          Direct beneficial
 Clearance obtained:                          Yes


The following participants elected to sell, on-market, sufficient shares to pay tax and
related costs, with the balance of the shares being retained:

 Director:                                   SD Ackerman-Berman
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     7 500
 Date of vesting:                            25 June 2022
 Class of shares:                            Ordinary shares
 Price per share:                            R59.1371
 Market value of shares:                     R443 528.25
 Number of shares subsequently sold:         3 487
 Date of transaction:                        27 June 2022
 Value of shares sold:                       R206 211.07
 Number of shares retained:                  4 013
 Value of shares retained:                   R237 317.18
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Director:                                   L Olivier
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     50 000
 Date of vesting:                            25 June 2022
 Class of shares:                            Ordinary shares
 Price per share:                            R59.1371
 Market value of shares:                     R2 956 855.00
 Number of shares subsequently sold:         23 250
 Date of transaction:                        27 June 2022
 Value of shares sold:                       R1 374 937.58
 Number of shares retained:                  26 750
 Value of shares retained:                   R1 581 917.42
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


The following participant elected to sell the vested forfeitable shares on-market:

 Company Secretary:                           D Muller
 Nature of transaction:                       Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                    12 500
 Date of vesting:                             25 June 2022
 Class of shares:                             Ordinary shares
 Date of transaction:                         27 June 2022
 Price per share:                             R59.1371
 Total value of shares sold:                  R739 213.75
 Nature of interest:                          Direct beneficial
 Clearance obtained:                          Yes


Pro-rated vesting of the 2020 and 2021 long-term incentive scheme in retiree

Pro-rated vesting in retired executive for time served and Group performance achieved
the following participant elected to sell, on-market, sufficient shares to pay tax and related
costs, with the balance of the shares awarded in the 2020 and 2021 long-term incentive
scheme being retained:

 Director:                                   SD Ackerman-Berman
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     31 214
 Date of vesting:                            25 June 2022
 Class of shares:                            Ordinary shares
 Price per share:                            R59.1371
 Market value of shares:                     R1 845 905.44
 Number of shares subsequently sold:         14 513
 Date of transaction:                        27 June 2022
 Value of shares sold:                       R858 256.73
 Number of shares retained:                  16 701
 Value of shares retained:                   R987 648.71
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


Dealing in securities by director

In compliance with the JSE Listing Requirements, the following information is disclosed:


 Director:                                   L Olivier
 Designation:                                Chief Finance Officer
 Company:                                    Pick n Pay Stores Limited
 Nature of transaction:                      On market sale of shares
 Date of transaction:                        27 June 2022
 Class of shares:                            Ordinary shares
 Number of shares sold:                      14 000
 Sale price per share                        R58.75
 Total value of shares sold:                 R822 500.00
 Nature of interest:    Direct beneficial
 Clearance obtained:    Yes



By order of the board
Cape Town
28 June 2022

Sponsor:
Investec Bank Limited

Date: 28-06-2022 02:00:00
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