Pick n Pay Stores Limited and its subsidiaries

Selected notes to the summarised financial statements

for the year ended 29 February 2012

		GROUP AND COMPANY
		2012 Rm	2011 Rm
7.	SHARE CAPITAL
	Authorised
	800 000 000 ordinary shares of 1.25 cents each	10.0	10.0
	Issued
	480 397 321 ordinary shares of 1.25 cents each	6.0	6.0
		Number of shares 000’s	Number of shares 000’s
	The number of shares in issue at end February is made up as follows:
	Treasury shares held in the share trust	2 482.2	3 411.6
	Shares held outside the Group	477 915.1	476 985.7
	Total shares in issue at end February	480 397.3	480 397.3

	Under a general authority, 24 million of the unissued shares remain under the control of the directors until the next annual general meeting (5% of the issued share capital of the Company).
	In addition to the general authority above, 63.9 million unissued shares (13.3% of issued shares) remain under the control of the directors to implement the terms and provisions of the Pick n Pay 1997 Share Option Scheme.
	The holders of ordinary shares are entitled to receive dividends as declared and are entitled to one vote per share at meetings of the Company.

Directors’ interest in shares
	2012 %	2011 %
Beneficial	1.3	1.4
Non-beneficial	27.6	27.6
Total	28.9	29.0

The directors’ interest in shares is their effective direct shareholding in the Company (excluding treasury shares) and their effective indirect shareholding through Pick n Pay Holdings Limited (excluding treasury shares).