Pick n Pay Holdings Limited (“PIKWIK”)

Share code: PWK ISIN code: ZAE000005724
Pikwik’s only asset is its 50.85% (2007: 52.94%) 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 R459.3 million (2007: R436.0 million before the deferred tax reversal).
Headline earnings per share, calculated using the weighted average number of shares in issue during the year of 512.6 million (2007: 508.7 million), is 89.60 cents (2007: 85.70 cents before the deferred tax reversal). The total number of shares in issue is 527.2 million (2007: 527.2 million). Pikwik’s final dividend per share is 57.65 cents (2007: 52.35 cents). Pikwik’s total dividend for the year is 72.83 cents per share, an increase of 11.1%.