Dealings in securities by associate of directors

R0HODES FOOD GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
(“RFG”)

Dealings in securities by associate of directors

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Directors:                        Garth Willis and Chad Smart
Company:                          Rhodes Food Group Holdings Limited
Name of associate:                South African Investment GP Trust, as general partner of Capitalworks
                                  Rhodes Food Investment Partnership II
Relationship to director:         Garth Willis and Chad Smart are indirectly shareholders and directors
                                  within the control structure of South African Investment GP Trust, as
                                  general partner of Capitalworks Rhodes Food Investment Partnership II
                                  and have an indirect economic interest in RFG by way of a carried
                                  interest in relation to the investments held in RFG by South African
                                  Investment GP Trust, as general partner of Capitalworks Rhodes Food
                                  Investment Partnership II.
Nature of transaction:            On market purchase of securities
Class of securities:              Ordinary shares

Date of transaction:              12 March 2020
Number of securities:             1 000 000
Volume weighted average           R13.16
purchase price:
Highest purchase price:           R13.25
Lowest purchase price:            R12.85
Total value of transaction:       R13 163 100.00

Date of transaction:              13 March 2020
Number of securities:             476 000
Volume weighted average           R12.95
purchase price:
Highest purchase price:           R12.95
Lowest purchase price:            R12.73
Total value of transaction:       R6 164 152.40

Nature of interest:               Indirect beneficial
Clearance obtained:               Not Required - Associate dealing

Groot Drakenstein
16 March 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 16-03-2020 01:20:00

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