Exercise of over-allotment option Rhodes Food Group Holdings Limited (Previously Rhodes Food Group Holdings Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) (JSE share code: RFG ISIN: ZAE000191979) ("RFG" or the "Company") EXERCISE OF OVER-ALLOTMENT OPTION RFG announces that, in connection with the initial offering of 92,750,000 ordinary shares (the "Offer"), Rand Merchant Bank (a division of FirstRand Bank Limited), as stabilising manager and on behalf of the Joint Bookrunners of the Offer, has given notice that it will exercise, in respect of 2,699,158 ordinary shares, the over-allotment option granted by Capitalworks. Post the exercise of the over-allotment option by the stabilisation manager, the Company will continue to have a total of 221,000,000 ordinary shares in issue. The stabilisation period commenced at 09h00 on 2 October 2014 and ended at 17h00 on 31 October 2014. Groot Drakenstein 3 November 2014 Sponsor and Stabilisation Manager Rand Merchant Bank (a division of FirstRand Bank Limited) Joint Bookrunners Morgan Stanley & Co. International plc Rand Merchant Bank (a division of FirstRand Bank Limited) Renaissance Securities (Cyprus) Limited Date: 03/11/2014 10:20:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.