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Tue 20 Jan 2004, 11:53 DEALING IN SECURITIES BY DIRECTOR
PICK `N PAY STORES LTD - DEALING IN SECURITIES BY DIRECTOR                      
Pick `n Pay Stores Ltd                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/008034/06)                                            
Share code:  PIK   ISIN: ZAE000005443                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Subsidiary company director    :  Aubrey Zelinsky                               
Number of shares               :  153 333                                       
Price per share                :  R17.45                                        
Date of transaction            :  19 January 2004                               
Class of shares                :  Ordinary                                      
Nature of transaction          :  Sale of shares pursuant to take up of share   
                                  options at a price of R4.96 in respect of the 
                                  share incentive scheme                        
Nature of interest             :  Direct beneficial                             
Date: 20/01/2004 10:46:06 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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