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Mon 9 Feb 2004, 10:52 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             :Ian Eadie                              
Number of shares                        :283 333                                
Price per share                         :R16.75                                 
Date of transaction                     :6 February 2004                        
Class of shares                         :Ordinary                               
Nature of transaction                   :Sale of shares pursuant to take up of  
                                         share options at a price of R10.68 in  
                                         respect of the share incentive scheme  
Nature of interest                      :Direct beneficial                      
Approval                                :Approval obtained from executive       
                                         director
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