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Tue 22 Jun 2004, 13:33 DEALING IN SECURITIES BY A DIRECTOR
PICK `N PAY HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR              
Pick `n Pay Holdings Ltd                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1981/009610/06)                                            
JSE Share code: PWK                                                             
ISIN: ZAE000005724                                                              
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Company director:             Mrs W Ackerman                                    
Number of shares:             23 800                                            
Price per share:              R7.68                                             
Date of transaction:          22 June 2004                                      
Class of shares:              Ordinary                                          
Nature of transaction:        Purchase of shares on behalf of The Mistral Trust,
a family trust.                                   
Nature of interest:           Indirect beneficial                               
Approval:                     Approval obtained from executive director         
22 June 2004                                                                    
Date: 22/06/2004 01:17:56 PM                 
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