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Mon 9 Feb 2004, 10:56 DEALING IN SECURITIES BY DIRECTOR
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 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Subsidiary company director     :  Ian Eadie                                    
Number of shares                :  57 330                                       
Price per share                 :  R7.56                                        
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 R4.33 in respect of the
                                   share incentive scheme                       
Nature of interest              :  Direct beneficial                            
Approval                        :  Approval obtained from executive director    
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