Pick n Pay Stores Limited

corporate finance committee report

The corporate governance committee operates in accordance with the corporate governance charter, which is reviewed and approved annually by the Board.

Role of the committee

The committee assists the Board in assessing investment opportunities for the 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 the 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. No meetings took place during the period under review.

Jeff van Rooyen

Chairman: corporate finance committee

Cape Town
20 April 2015