Dividend declarations

	Pick n Pay Stores Limited				Pick n Pay Holdings Limited
	2012	2011			2012	2011
	Cents per	Cents per	Growth		Cents per	Cents per	Growth
	share	share	%		share	share	%
Interim dividend	14.75	22.50	(34.4)		7.17	10.91	(34.3)

Pick n Pay Stores Limited – Tax reference number: 9275/141/71/2
Number of shares in issue: 480 397 321.
Notice is hereby given that the directors have declared an interim gross dividend (number 89) of 14.75 cents per share out of income reserves.
The dividend declared is subject to dividend withholding tax at 15%.
There is no Secondary Tax on Companies (“STC”) to be taken into account when determining the dividend tax to withhold.
The tax payable is 2.2125 cents per share, leaving shareholders who are not exempt from dividends tax with a net dividend of 12.5375 cents per share.

Pick n Pay Holdings Limited – Tax reference number: 9050/141/71/3
Number of shares in issue: 527 249 082.

Notice is hereby given that the directors have declared an interim gross dividend (number 62) of 7.17 cents per share out of income reserves.
The dividend declared is subject to dividend withholding tax at 15%.
There is no Secondary Tax on Companies (“STC”) to be taken into account when determining the
dividend tax to withhold.
The tax payable is 1.0755 cents per share, leaving shareholders who are not exempt from dividends tax with a net dividend of 6.0945 cents per share.

Dividend dates
For both Companies, the last day of trade in order to participate in the dividend (CUM dividend) will be Friday, 7 December 2012. The shares will trade EX dividend from the commencement of business on Monday, 10 December 2012 and the record date will be Friday, 14 December 2012.
The dividends will be paid on Tuesday, 18 December 2012.
Share certificates may not be dematerialised or rematerialised between Monday, 10 December 2012 and Friday, 14 December 2012, both dates inclusive.

On behalf of the boards of directors
Debbie Muller – Company Secretary
23 October 2012