PICK N PAY STORES LIMITED - Dealing in securities by company secretary

Dealing in securities by company secretary

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
JSE and A2X share code: PIK
ISIN: ZAE000005443
("the Company")

DEALING IN SECURITIES BY COMPANY SECRETARY

Dealing in securities by company secretary: award of restricted, forfeitable shares in terms of the
Pick n Pay Stores Limited Forfeitable Share Plan, which was approved by shareholders at the
Company's General Meeting held on 12 February 2014 and amended at the General Meeting held
on 4 August 2020.

The restricted forfeitable shares are issued at nil cost and may vest, subject to performance
conditions being met, in June 2027. The performance conditions combine both personal key
performance indicators and financial metrics linked to the financial performance of the Company.
Dividends earned over the term of the scheme are payable upon vesting, pro-rated to the number
of restricted forfeitable shares that vest in participants.

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, the following
information is disclosed:

Company Secretary:                              V Pierce
Name of Company:                                Pick n Pay Stores Limited
Number of restricted forfeitable shares:        60 000*
Acceptance of award:                            26 February 2025
Date of vesting:                                25 June 2027
Nature of transaction:                          Off-market acceptance of the award of restricted
                                                forfeitable shares
Nature of interest:                             Direct beneficial
Clearance obtained:                             Yes
*Deemed value of award at a share price of R29.50 – R1 770 000

By order of the Board
Cape Town
27 February 2025

Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 27-02-2025 04:00:00
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