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Pick n Pay Stores Limited Incorporated in the Republic of South Africa Registration number: 1968/008034/06 JSE Share Code: PIK ISIN code: ZAE000005443 (“Pick n Pay”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR In line with its commitment to shareholders to strengthen the independence of the Board of Directors of Pick n Pay (“the Board”), and in compliance with Section 3.59(a) of the Listing Requirements of the JSE Limited, Pick n Pay is pleased to announce the appointment of James Formby as an independent non- executive director to the Board, effective 10 October 2022. James Formby is a chartered accountant with a Masters in Philosophy in Management Studies from Cambridge University. James has recently stepped down as the Chief Executive Officer (“CEO”) of Rand Merchant Bank (“RMB”), after a successful 25-year career with the FirstRand Group. James joined RMB in 1997 as a Corporate Finance Transactor and held a number of senior roles over the course of his career, including: Head: Corporate Finance; Deputy Head: Investment Banking Division and Head: Coverage before being appointed as CEO of RMB in September 2015, alongside appointment to the FirstRand Stratco. James’ transactional skills and his ability to structure large deals made him a core member in many B-BBEE transactions, IPOs, de-listings, mergers, acquisitions and disposals over his tenure with RMB. As CEO, James played a significant role in developing RMB’s strategy. Pick n Pay looks forward to the valuable contribution that James will make to the Board, given his strong commercial skills and the diversity of his professional experience. By order of the Board Cape Town 10 October 2022 Sponsor: Investec Bank Limited
