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Fri 9 Jan 2004, 11:58 PICK `N PAY STORES LTD - DIRECTOR DEALING IN SHARE
PICK `N PAY STORES LTD - DIRECTOR DEALING IN SHARES                             
PICK `N PAY STORES LTD                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008034/06)                                            
Share code:  PIK                                                                
ISIN: ZAE000005443                                                              
DIRECTOR DEALING IN SHARES                                                      
Company Secretary:            Gary Lea                                          
Number of shares:             12 400                                            
Price per share:              R18.30                                            
Date of transaction:          8 January 2004                                    
Class of shares:              Ordinary                                          
Nature of transaction:        Sale of shares pursuant to take up of share       
                              options at a price of R4.00 in respect of the     
                              share incentive scheme                            
Nature of interest:           Direct beneficial
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