Dividend declaration

Pick n Pay Holdings Limited RF – 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 68) of 11.60 cents per share out of income reserves.

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

The tax payable is 1.74000 cents per share, leaving shareholders who are not exempt from dividends tax with a net dividend of 9.86000 cents per share.

Dividend dates

The last day of trade in order to participate in the dividend (CUM dividend) will be Friday, 4 December 2015.

The shares will trade EX dividend from the commencement of business on Monday, 7 December 2015 and the record date will be Friday, 11 December 2015. The dividends will be paid on Monday, 14 December 2015.

Share certificates may not be dematerialised or rematerialised between Monday, 7 December 2015 and Friday, 11 December 2015, both dates inclusive.

On behalf of the board of directors

Debra Muller
Company Secretary

12 October 2015