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”) DISCLOSURE OF SIGNIFICANT HOLDING OF RFG ORDINARY SHARES In accordance with the JSE Limited Listings Requirements and Section 122 of the Companies Act, No. 71 of 2008, as amended (“the Act”) shareholders are advised of the following: PSG Asset Management (Pty) Ltd has notified RFG that its beneficial interest in RFG has increased to 5.57% 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 24 May 2018 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 24/05/2018 02:19:00 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.