Dealings in securities by directors and the company secretary RHODES FOOD GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed in relation to the acceptance of Share Appreciation Rights (“SARs”) allocated under the Rhodes Food Group 2015 Share Plan (“Plan”) on 2 December 2019 (“Allocation Date”). Director : BAS Henderson Company : Rhodes Food Group Holdings Limited Date of transaction : 5 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 98 971 SAR allocation price : R16.96 Total value of transaction : R1 678 548.16 Nature of interest : Direct beneficial Clearance obtained : Yes Director : CC Schoombie Company : Rhodes Food Group Holdings Limited Date of transaction : 4 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 52 929 SAR allocation price : R16.96 Total value of transaction : R897 675.84 Nature of interest : Direct beneficial Clearance obtained : Yes Director : J Mpele Company : Rhodes Food Group Proprietary Limited Date of transaction : 4 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 35 864 SAR allocation price : R16.96 Total value of transaction : R608 253.44 Nature of interest : Direct beneficial Clearance obtained : Yes Director : WP Hanekom Company : Rhodes Food Group Proprietary Limited Date of transaction : 4 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 43 066 SAR allocation price : R16.96 Total value of transaction : R730 399.36 Nature of interest : Direct beneficial Clearance obtained : Yes Director : C Mareka Company : Rhodes Food Group Proprietary Limited Date of transaction : 5 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 38 378 SAR allocation price : R16.96 Total value of transaction : R650 890.88 Nature of interest : Direct beneficial Clearance obtained : Yes Director : C Costaras Company : Rhodes Food Group Proprietary Limited Date of transaction : 4 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 43 066 SAR allocation price : R16.96 Total value of transaction : R730 399.36 Nature of interest : Direct beneficial Clearance obtained : Yes Director : B Lakey* Company : Rhodes Food Group Proprietary Limited Date of transaction : 4 December 2019 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan Class of securities : Options in respect of ordinary shares Number of options granted : 28 396 SAR allocation price : R16.96 Total value of transaction : R481 596.16 Nature of interest : Direct beneficial Clearance obtained : Yes * B Lakey is also the Company Secretary of Rhodes Food Group Holdings Limited. - The vesting of the SARs is subject to the satisfaction of certain conditions, including continued employment and the satisfaction of certain performance criteria. - To the extent that the employment and performance criteria have been met the SARs will vest as follows: - One third on the third anniversary of the Allocation Date. - A second third on the fourth anniversary of the Allocation Date. - The balance on the fifth anniversary of the Allocation Date. Groot Drakenstein 6 December 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06-12-2019 09:35:00 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.