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Acceptance of share awards by directors and 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” )
ACCEPTANCE OF SHARE AWARDS BY DIRECTORS AND COMPANY SECRETARY
The individuals listed below have been awarded restricted, forfeitable shares in terms of the Pick n Pay
Stores Limited Forfeitable Share Plan, which was approved by shareholders.
The restricted forfeitable shares are ordinary shares issued at nil cost and may vest, subject to
performance conditions being met. The performance conditions combine personal key performance
indicators with financial and non-financial metrics linked to the performance of the Company. These
conditions are set out in the 2026 Remuneration Report and were approved by shareholders at the
2026 Annual General Meeting. 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 6.77 to 6.89 of the JSE Limited Listings Requirements, the following
information is disclosed:
Director: S. Summers
Name of Company: Pick n Pay Stores Limited
Nature of transaction: Off-market acceptance of restricted forfeitable
shares
Date of transaction: 28 August 2026
Number of restricted forfeitable shares: 2 000 000
Date of vesting: 25 June 2029
Deemed value of award*: R37 740 786
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: T. Rookledge
Name of Company: Pick n Pay Stores Limited
Nature of transaction: Off-market acceptance of restricted forfeitable
shares
Date of transaction: 28 August 2026
Number of restricted forfeitable shares: 423 945
Date of vesting: 25 June 2029
Deemed value of award*: R8 000 000
Nature of interest: Direct beneficial
Clearance obtained: Yes
Company Secretary: V Pierce
Name of Company: Pick n Pay Stores Limited
Nature of transaction: Off-market acceptance of restricted forfeitable
shares
Date of transaction: 28 August 2026
Number of restricted forfeitable shares: 73 448
Date of vesting: 25 June 2029
Deemed value of award*: R1 386 000
Nature of interest: Direct beneficial
Clearance obtained: Yes
*based on the Company’s 20 day VWAP share price of R18.87 as at 18 August 2026.
By order of the Board
Cape Town
28 August 2026
Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28/08/2026 14:30:00
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