PICK 'n PAY HOLDINGS LIMITED
(Registered in the Republic of South Africa)
(Registration number 1981/009610/06)
("Pikwik")
PICK 'n PAY STORES LIMITED
(Registered in the Republic of South Africa)
(Registration number 1968/008034/06)
("Pick 'n Pay")
Implementation of an Issuer-Sponsored Nominee programme in anticipation of
Share Transactions Totally Electronic ("STRATE")
The boards of directors of Pikwik and Pick 'n Pay have considered all of
the implications of STRATE and are of the opinion that it is in the best
interests of shareholders to implement an Issuer-Sponsored Nominee ("ISN")
programme to facilitate the ease of transition to STRATE.
A circular in this regard was posted to Pikwik and Pick 'n Pay
shareholders today.
Should shareholders wish to participate in the ISN programme,
shareholders are required to surrender their existing Pikwik and/or Pick 'n
Pay share certificates, together with a completed surrender and share
transfer form and, if applicable, the private custody mandate form,
contained in the circular, to Computershare Services Limited by no later
than 16:00 on Friday, 28 September 2001.
Cape Town
10 July 2001
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Registrar
Computershare Services Limited
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