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Fri 30 Jan 2004, 10:37 DEALING IN SECURITIES BY DIRECTOR
PICK `N PAY HOLDINGS LIMITED -            
PICK `N PAY HOLDINGS LTD                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009610/06)                                            
JSE Share code:  PWK                                                            
ISIN: ZAE000005724                                                              
DEALING IN SECURITIES BY DIRECTOR                                               
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Subsidiary company director:       Tracey Wellington                            
Number of shares:                  50 000                                       
Price per share:                   R7.76                                        
Date of transaction:               28 January 2004                              
Class of shares:                   Ordinary                                     
Nature of transaction:             Sale of shares pursuant to take up of share  
options at a price of R1.75 in respect of the
                                   share incentive scheme                       
Nature of interest:                Direct beneficial                            
Approval:                          Approval obtained from executive director    
Date: 30/01/2004 10:29:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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