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Fri 23 Apr 2004, 10:19 Dealing In Securities By Director
Pick `n Pay Holdings Ltd - Dealing In Securities By Director 

Release Date: 23/04/2004 09:56:43      Code(s): PWK        
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   :    Lorraine Terry                               
Number of shares              :    13 466                                       
Price per share               :    R8.21                                        
Date of transaction           :    22 April 2004                                
Class of shares               :    Ordinary                                     
Nature of transaction         :    Sale of shares pursuant to take up of share  
                                   options at a price of R1.16 in respect of the
                                   share incentive scheme                       
Nature of interest            :    Direct beneficial                            
Approval                      :    Approval by executive director               
Subsidiary company director   :    Loretta Kelly                                
Number of shares              :    30 000                                       
Price per share               :    R8.21                                        
Date of transaction           :    22 April 2004                                
Class of shares               :    Ordinary                                     
Nature of transaction         :    Sale of shares pursuant to take up of share  
options at a price of R1.60 in respect of the
                                   share incentive scheme                       
Nature of interest            :    Direct beneficial                            
Approval                      :    Approval by executive director               
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