Enhanced Investments - Financial Portal

Acceptance of share awards by director and company secretary

Published: 2025-08-21 17:30:22 ET

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
JSE and A2X share code: PIK
ISIN: ZAE000005443
(“the Company” )

ACCEPTANCE OF SHARE AWARDS BY DIRECTOR AND COMPANY SECRETARY

The individuals listed below have been awarded restricted, forfeitable shares in terms of the Pick n Pay
Stores Limited Forfeitable Share Plan, which was approved by shareholders.

The restricted forfeitable shares are ordinary shares issued at nil cost and may vest, subject to
performance conditions being met. The performance conditions combine both personal key
performance indicators and financial metrics linked to the financial performance of the Company.
Dividends earned over the term of the scheme are payable upon vesting, pro-rated to the number of
restricted forfeitable shares that vest in participants.

In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, the following information
is disclosed:


 Director:                                             L. Olivier
 Name of Company:                                      Pick n Pay Stores Limited
 Nature of transaction:                                Off-market acceptance of restricted forfeitable
                                                       shares
 Date of transaction:                                  20 August 2025
 Number of restricted forfeitable shares:              279 788
 Date of vesting:                                      28 February 2028
 Deemed value of award*:                               R7 587 851
 Nature of interest:                                   Direct beneficial
 Clearance obtained:                                   Yes

 Company Secretary:                                    V Pierce
 Name of Company:                                      Pick n Pay Stores Limited
 Nature of transaction:                                Off-market acceptance of restricted forfeitable
                                                       shares
 Date of transaction:                                  20 August 2025
 Number of restricted forfeitable shares:              60 000
 Date of vesting:                                      27 June 2028
 Deemed value of award*:                               R1 627 200
 Nature of interest:                                   Direct beneficial
 Clearance obtained:                                   Yes
*based on the Company’s closing share price of R27.12 as at 20 August 2025

By order of the Board
Cape Town
21 August 2025

Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.