Approval of annual financial statements

Pick n Pay Stores Limited
and its subsidiaries

Pick n Pay Holdings Limited
and its subsidiaries

The Company and Group annual financial statements of Pick n Pay Stores Limited, as identified above, were approved by the Board of directors on 29 April 2011 and signed on their behalf by:


Gareth Ackerman Chairman		Nick Badminton Chief Executive Officer		Bakar Jakoet Chief Finance Officer