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Fri 30 Apr 2004, 17:38 DEALINGS IN SECURITIES BY DIRECTORS
PICK `N PAY STORES LIMITED - DEALINGS IN SECURITIES BY DIRECTORS                
  Pick `n Pay Stores Ltd                                                          
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1968/008034/06)                                            
  JSE Share code: PIK                                                             
  ISIN: ZAE000005443                                                              
  DEALINGS IN SECURITIES BY DIRECTORS                                             
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Subsidiary company director:       Harold Dawson                                
  Number of shares:                  100 000                                      
  Price per share:                   R16.50                                       
  Date of transaction:               30 April 2004                                
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Granting of share options that may be taken  
  up as follows: 40 000 on 30 April 2007       
                                                    30 000 on 30 April 2009       
                                                    30 000 on 30 April 2011       
  Nature of interest:                Direct beneficial                            
  Approval:                          Approval obtained from executive director    
  Subsidiary company director:       Christopher Reed                             
  Number of shares:                  120 000                                      
  Price per share:                   R16.50                                       
  Date of transaction:               30 April 2004                                
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Granting of share options that may be taken  
                                     up as follows: 48 000 on 30 April 2007       
  36 000 on 30 April 2009       
                                                    36 000 on 30 April 2011       
  Nature of interest:                Direct beneficial                            
  Approval:                          Approval obtained from executive director    
  Subsidiary company director:       Neal Quirk                                   
  Number of shares:                  50 000                                       
  Price per share:                   R16.50                                       
  Date of transaction:               30 April 2004                                
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Granting of share options that may be taken  
                                     up as follows: 20 000 on 30 April 2007       
                                                    15 000 on 30 April 2009       
  15 000 on 30 April 2011       
  Nature of interest:                Direct beneficial                            
  Approval:                          Approval obtained from executive director    
  Subsidiary company director:       Dallas Langman                               
  Number of shares:                  120 000                                      
  Price per share:                   R16.50                                       
  Date of transaction:               30 April 2004                                
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Granting of share options that may be taken  
                                     up as follows: 48 000 on 30 April 2007       
                                                    36 000 on 30 April 2009       
                                                    36 000 on 30 April 2011       
  Nature of interest:                Direct beneficial                            
  Approval:                          Approval obtained from executive director    
  Date: 30/04/2004 05:02:11 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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