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| PIKWIK |
Pick 'n Pay Holdings Limited
("PIKWIK") Results for the year ended 29 February
2004
Share Code: PWK ISIN code:
ZAE000005724
Pikwik's only asset is its 53.2% (2003:
53.2%) investment in Pick 'n Pay Stores Limited.
The Pikwik Group earnings are directly related
to those of this investment. Headline
earnings for the year amount to R294.1 million
(2003: R264.9 million).
Headline earnings per share, calculated using
the weighted average number of shares in issue
during the year of 496.2 million (2003: 494.9
million), is 59.28 cents (2003: 53.53 cents).
Pikwik's final dividend per share is 31.00 cents
(2003: 26.85 cents).
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