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Fri 30 Jul 2004, 9:28 Dealings in shares by directors
Pick `n Pay Stores Ltd - Dealings in shares 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:                                             
Further to the SENS announcement dated 7 June 2004, the following executives    
have accepted the grant of share options over ordinary shares at a price of     
R16.00 each, which may be paid for and taken up as follows - 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              
David Robins        Director                      25000                         
Gary Lea            Company secretary             12500                         
29 July 2004
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