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Thu 8 Aug 2002, 0:00 Acquisition By Pick `N Pay Of The Entire Issued Sh
Superstores                                                                     
Pick `n Pay Stores Limited                                                      
(Incorporated in the Republic of South Africa)                               
   (Registration number 1968/008034/06)                                         
   JSE Share code PIK   ISIN ZAE000005443                                       
   ("Pick `n Pay" or "the company")                                             
ACQUISITION BY PICK `n PAY OF THE ENTIRE ISSUED SHARE CAPITAL OF BOXER          
SUPERSTORES                                                                     
Investec Bank Limited is authorised to announce that following the              
Competition Tribunal`s approval the acquisition by Pick `n Pay of the           
entire issued share capital of Boxer Superstores (Proprietary) Limited          
is now unconditional.                                                           
The effective date of the acquisition is 1 March 2002.                          
Cape Town                                                                       
7 August 2002                                                                   
Merchant bank                                                                   
  Investec Corporate Finance                                                    
  Investec Bank Limited                                                         
(Registration number 1969/004763/06)                                          
Sponsor to Pick `n Pay                                                          
  Investec Securities Limited                                                   
  Member of the JSE                                                             
(Registration number. 1972/008905/06)                                         
Attorneys to Pick `n Pay                                                        
  Sonneberg Hoffmann Galombik                                                   
Date: 08/08/2002 08:10:21 AM Produced by the JSE SENS Department                



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