Pick n Pay Stores Limited

Corporate finance committee report

Role of the committee

The corporate finance committee is governed by a Board-approved charter, which is reviewed annually. The committee assists the Board in assessing investment opportunities for the Pick n Pay Group. The committee was formed to ensure that the interests of all shareholders are taken into account when investment decisions are made. Authority to accept or reject investment opportunities remains with the Board.

Composition of committee

Chaired by Jeff van Rooyen, the committee comprises the independent non-executive directors.

Frequency of meetings

The committee meets on an ad hoc basis, and no meetings took place during the period under review.

Jeff van Rooyen
Chairman: corporate finance committee

14 April 2014