Disclosure of significant holding of RFG ordinary shares RHODES FOOD GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 2012/074392/06 JSE share code: RFG ISIN: ZAE000191979 (“RFG” or “the Company”) DISCLOSURE OF SIGNIFICANT HOLDING OF RFG ORDINARY SHARES In accordance with the provisions of paragraph 3.83(b) of the JSE Limited Listings Requirements and section 122(3) of the Companies Act, No. 71 of 2008, as amended (“the Act”) shareholders are advised of the following: The Public Investment Corporation (SOC) Limited has notified RFG that it has decreased its holding in the Company, such that its beneficial interest in RFG now amounts to 14.722% of the total issued ordinary share capital of RFG. As required in terms of section 122(3) of the Act, the Company has filed the required notice with the Takeover Regulation Panel. Groot Drakenstein 28 March 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/03/2017 12:30:00 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.