PWK/PIK - Pick n Pay - International Retail Expert Helmut Hoerz to join Pick N  
Pay as Head of Merchandising                                                    
Pick n Pay Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1981/009610/06)                                           
Share code: PWK     ISIN code: ZAE000005724                                     
Pick n Pay Stores Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1968/008034/06)                                           
Share code: PIK     ISIN code: ZAE000005443                                     
(collectively referred to as "Pick n Pay")                                      
INTERNATIONAL RETAIL EXPERT HELMUT HOERZ TO JOIN PICK N PAY AS HEAD OF          
MERCHANDISING                                                                   
Peter Arnold appointed head of Food Merchandise                                 
Pick n Pay announced today that international retail professional Helmut Hoerz  
would join the company for a two-year assignment as Head of Merchandising. He   
will sit on the Group Exco and report to CEO Nick Badminton.                    
Hoerz, who takes up his new position on 19 January, will bring his international
expertise into play in focusing largely on general merchandise while guiding    
Peter Arnold, who has been appointed Food Merchandise Director, and who will be 
reporting to Hoerz. Arnold, a 27-year veteran with a wealth of retail experience
in South Africa, played an integral part in the opening of Pick n Pay`s new     
generation, cutting-edge flagship store, Pick n Pay on Nicol. Arnold will also  
sit on the Group Exco.                                                          
Hoerz has more than 25 years` experience in managing sales, marketing, category 
management, operations, merchandising and expansion in all retail formats       
including wholesale distribution in organizations with considerable size and    
scope.                                                                          
CEO Nick Badminton said that the company was delighted to have him on board,    
particularly given the company`s focus on category management, a key component  
of its transformation programme.                                                
"Helmut is a results-focused and effective leader with proven abilities and     
strong qualifications in general management, business planning, strategy,       
analysis, brand-building, brand-implementations and store operations. He is very
well regarded in the European food industry and will bring much in international
expertise to the company. He has a great track record of building, training and 
retaining highly self-motivated teams and is known to be a charismatic leader   
with excellent communication skills.                                            
"Not only does Helmut have very strong corporate retail experience, but he has  
also been a successful entrepreneur. His last position was Chief Sales Officer  
at Ifco Systems in the Netherlands and prior to that, as COO for Edeka AG in    
Germany, conducting worldwide sourcing for this Euro38-billion, 250,000-employee
company. His procurement experience at Edeka in particular will be of incredible
value to Pick n Pay."                                                           
Prior to Edeka, Hoerz was CEO of Extra GmbH, a company with a Euro3-billion     
turnover and 22,000 employees, where he successfully merged eight supermarket   
companies owned by Metro (the holding company) into one successful chain and    
halted declining sales, centralising administrative functions and standardising 
IT systems.                                                                     
"Helmut will be an exceptional asset to the team and we look forward to his     
joining us."                                                                    
For further information, please contact Tamra Veley on 083 251 3658.            
By order of the boards                                                          
Cape Town                                                                       
17 January 2012                                                                 
Sponsor: Investec Bank Limited                                                  
Date: 17/01/2012 10:17:01 Produced by the JSE SENS Department.                  
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