Dividend declaration

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

Number of shares in issue: 488 450 321

Notice is hereby given that the directors have declared a final gross dividend (number 96) of 125.20 cents per share out of income reserves.

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

The tax payable is 18.78000 cents per share, leaving shareholders who are not exempt from dividends tax with a net dividend of 106.42000 cents per share.

DIVIDEND DATES

The last day of trade in order to participate in the dividend (CUM dividend) will be Friday, 3 June 2016.

The shares will trade EX dividend from the commencement of business on Monday, 6 June 2016 and the record date will be Friday, 10 June 2016. The dividends will be paid on Monday, 13 June 2016.

Share certificates may not be dematerialised or rematerialised between Monday, 6 June 2016 and Friday, 10 June 2016, both dates inclusive.

On behalf of the board of directors

    

Debbie Muller
Company Secretary

25 April 2016