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Mon 7 Jun 2004, 10:01 Pick "N Pay Stores Limited - Dealings In Securitie
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)                                            
Share code:  PIK   ISIN: ZAE000005443                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
On 3 June 2004 the following executives were granted share options over ordinary
shares at a price of R16.00 each. The options may be paid for and taken up 40%  
after 1 year, 30% after 2 years and 30% after 3 years. All share options are of 
a direct beneficial nature and were approved by an executive director.          
Executive           Designation              Number of shares                   
Sean Summers        Director                 171 875                            
Dennis Cope         Director                 40 625                             
David Robins        Director                 25 000                             
Gary Lea            Company Secretary        12 500                             
07 June 2004
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