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Fri 29 Jul 2011, 9:15 PWK/PIK - Pick n Pay Holdings Limited/ Pick n Pay Stores Limited - Pick n
PWK   PIK
PWK   PIK                                                                       
PWK/PIK - Pick n Pay Holdings Limited/ Pick n Pay Stores Limited - Pick n       
Pay sale of Franklins update                                                    
Pick n Pay Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009610/06)                                            
Share code: PWK   ISIN code: ZAE000005724                                       
Pick n Pay Stores Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1968/008034/06)                                          
Share Code:  PIK   ISIN code: ZAE000005443                                      
PICK N PAY SALE OF FRANKLINS UPDATE                                             
Pick n Pay Retailers (Pty) Ltd and Metcash Trading Limited have agreed to       
extend the cut off date in their agreement in relation to the acquisition       
of the issued shares in Interfrank Group Holdings Pty Ltd from 31 July          
2011 to 30 September 2011.                                                      
The two month extension has been agreed in light of the fact that the           
parties are still awaiting judgment in their Federal Court action in            
Australia with the ACCC.                                                        
For further information, please contact:                                        
Tamra Veley on +27 83 251 3658                                                  
By order of the board                                                           
Cape Town                                                                       
29 July 2011                                                                    
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 29/07/2011 09:15:01 Produced by the JSE SENS Department.                  
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