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Mon 12 Jan 2004, 10:11 PICK `N PAY HOLDINGS LTD - DEALING IN SECURITIES B
PICK `N PAY HOLDINGS LTD - DEALING IN SECURITIES BY DIRECTOR                    
Pick `n Pay Holdings Ltd                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009610/06)                                            
Share code:  PWK   ISIN: ZAE000005724                                           
In compliance with Rules 3.72 - 3.75 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Subsidiary company director   :    Daniel Boshoff                               
Number of shares              :    66 000                                       
Price per share               :    R7.98                                        
Date of transaction           :    9 January 2004                               
Class of shares               :    Ordinary                                     
Nature of transaction         :    Sale of shares pursuant to take up of share  
                                   options at a price of R3.25 in respect of the
                                   share incentive scheme                       
Nature of interest            :    Direct beneficial                            
Subsidiary company director   :    Neal Quirk                                   
Number of shares              :    32 000                                       
Price per share               :    R7.99                                        
Date of transaction           :    9 January 2004                               
Class of shares               :    Ordinary                                     
Nature of transaction         :    Sale of shares pursuant to take up of share  
                                   options at a price of R3.25 in respect of the
share incentive scheme                       
Nature of interest            :    Direct beneficial                            
Date: 12/01/2004 10:04:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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