dividend declaration

Pick n Pay Stores Limited – Tax reference number: 9275/141/71/2

Number of shares in issue: 487 322 321

Notice is hereby given that the directors have declared a final gross dividend (number 94) of 98.50 cents per share out of income reserves.

The dividend declared is subject to dividend withholding tax at 15%.

The tax payable is 14.7750 cents per share, leaving shareholders who are not exempt from dividends tax with a net dividend of 83.7250 cents per share.

Dividend dates

The last day of trade in order to participate in the dividend (CUM dividend) will be Friday, 5 June 2015.

The shares will trade EX dividend from the commencement of business on Monday, 8 June 2015 and the record date will be Friday, 12 June 2015. The dividends will be paid on Monday, 15 June 2015.

Share certificates may not be dematerialised or rematerialised between Monday, 8 June 2015 and Friday, 12 June 2015, both dates inclusive.

On behalf of the board of directors

Debra Muller
Company Secretary

20 April 2015