Pick n Pay Expects First-Half Headline Loss per Share to Narrow 25%-35%

• Pick 'n Pay expects headline loss per share to narrow 25%-35% for the 26 weeks ended August 30, 2026.
• Headline loss per share is forecast at 38.85-44.83 cents, versus 59.77 cents a year earlier.
• Loss per share is expected to narrow 40%-50% to 33.77-40.52 cents.
• Boxer delivered trading profit growth, while the Pick n Pay segment moderately reduced its trading loss.
• A store labor agreement with SACCAWU ended the consultation process, prompting withdrawal of the Section 189A process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pick 'n Pay Stores Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S605412), on October 22, 2026, and is solely responsible for the information contained therein.