Acquisition of business assets of Saint Pie: Agreement Unconditional 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 ("the Company") ACQUISITION OF BUSINESS ASSETS OF SAINT PIE: AGREEMENT UNCONDITIONAL Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 11 May 2015 regarding the acquisition by the Company’' wholly owned subsidiary, Rhodes Food Group Proprietary Limited, of the business assets of Saint Pie Proprietary Limited ("Saint Pie") (the "Acquisition"), which was subject to the fulfillment of certain conditions precedent ("Acquisition Announcement"). Further to the Acquisition Announcement, the Company's board of directors is pleased to advise that all conditions precedent have been fulfilled and the Acquisition has become unconditional. The effective date of the Acquisition is 1 June 2015. Groot Drakenstein 1 June 2015 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 01/06/2015 01:26:00 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.