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Thu 3 Jun 2004, 17:00 DIRECTORS DEALINGS
PICK `N PAY HOLDINGS LTD - DIRECTORS DEALINGS                                   
  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:                                             
  DIRECTORS DEALINGS                                                              
  Company director         :    Raymond Ackerman                                  
  Number of shares         :    100 000                                           
  Price per share          :    R7.90                                             
  Date of transaction      :    3 June 2004                                       
  Class of shares          :    Ordinary                                          
  Nature of transaction    :    Purchase of shares                                
  Nature of interest       :    Direct beneficial                                 
  Approval                 :    Approval obtained from executive director         
  Company director         :    Raymond Ackerman                                  
  Number of shares         :    6000                                              
  Price per share          :    R nil                                             
  Date of transaction      :    3 June 2004                                       
  Class of shares          :    Ordinary                                          
  Nature of transaction    :    Transfer of shares to long serving employees      
  Nature of interest       :    Direct beneficial                                 
  Approval                 :    Approval obtained from executive director         
  03 JUNE 2004                                                                    
  Date: 03/06/2004 04:51:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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