Company Secretary's certificate



In terms of Section 88(2)(e) of the Companies Act no. 71 of 2008, as amended, I certify that Pick n Pay Holdings Limited has lodged with the Companies and Intellectual Property Commission of South Africa all the returns required of a public company by the Companies Act, and that all such returns appear to be true, correct and up to date.

Debra Muller
Company Secretary

10 May 2012