Pick n Pay Holdings Limited (“PIKWIK”)

Reg. No. 1981/009610/06
Share Code: PWK ISIN code: ZAE000005724
Pikwik’s only asset is its 53.85% (2010: 53.97%) effective holding in Pick n Pay Stores Limited (excluding treasury shares). The Pikwik Group earnings are directly related to those of this investment.
Headline earnings for the period amount to R105.3 million (2010: R193.2 million).
Headline earnings per share is 20.40 cents (2010: 37.45 cents).
Headline earnings per share from continuing operations is 27.19 cents (2010: 44.87 cents).
Diluted headline earnings per share is 19.94 cents (2010: 36.21 cents).
Diluted headline earnings per share from continuing operations is 26.68 cents (2010: 43.56 cents).
The total number of shares in issue is 527.2 million (2010: 527.2 million) and the weighted average number of shares in issue during the period is 516.4 million (2010: 515.9 million). Pikwik’s interim dividend per share is 10.91 cents (2010: 17.94 cents), a decrease of 39.2%.