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Tue 15 Jun 2004, 14:54 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:                                             
Company director         :    Gareth Ackerman                                   
Number of shares         :    1 165 000                                         
Price per share          :    R1.83                                             
Date of transaction      :    3 June 2004                                       
Class of shares          :    Ordinary                                          
Nature of transaction    :    Take up and purchase of shares pursuant to        
                              exercise of share options                         
Nature of interest       :    Indirect beneficial                               
Approval                 :    Approval obtained from executive director         
Date: 15/06/2004 02:46:16 PM                     
Produced by the JSE SENS Department                                             
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