PIONEER FOOD GROUP LIMITED - Dealing In Securities By A Director

Dealing In Securities By A Director

Pioneer Food Group Limited
Incorporated in the Republic of South Africa
Registration number: 1996/017676/06
Share code: PFG
ISIN code: ZAE000118279
(“Pioneer Foods” or “the Company”)

DEALING IN SECURITIES BY A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Listings Requirements, the
following information is disclosed:

  1.
  NAME OF DIRECTOR                       PM Roux
  COMPANY OF WHICH I AM A DIRECTOR       Pioneer Food Group Limited
  STATUS: EXECUTIVE/NON-EXECUTIVE        Executive
  TYPE OF SECURITIES                     Shares
  CLASS OF SECURITIES                    Ordinary
  DATE OF TRANSACTION                    28 February 2017
  PRICE PER SHARE                        R162.60
  NUMBER OF SECURITIES                   78 057
  TOTAL RAND VALUE OF TRANSACTION        R12 692 068.20
  NATURE OF TRANSACTION                  Taken delivery of ordinary shares
                                         through the exercise of 156 598
                                         Phantom Share Rights granted and
                                         accepted in March 2014 at a strike
                                         price of R81.55 (off-market)(the
                                         initial strike price of R83.59 was
                                         adjusted for the Quantum Foods
                                         Holdings Limited unbundling)
  NATURE AND EXTENT OF INTEREST IN THE   Direct beneficial
  TRANSACTION
  CLEARANCE OBTAINED                     Yes

  2.
  NAME OF DIRECTOR                       PM Roux
  COMPANY OF WHICH I AM A DIRECTOR       Pioneer Food Group Limited
  STATUS: EXECUTIVE/NON-EXECUTIVE        Executive
  TYPE OF SECURITIES                     Shares
  CLASS OF SECURITIES                    Ordinary
  DATE OF TRANSACTION                    28 February 2017
  NUMBER OF SECURITIES                   78 057
  PUT OPTION STRIKE PRICE                R167.10
  TOTAL RAND VALUE OF TRANSACTION        R13 043 324.70
  NATURE OF TRANSACTION                  Exercise of put option in respect
                                         of a zero premium cost collar
                                         entered into on 14 July 2016 (Off-
                                         market) and announced on 15 July
                                         2016
  NATURE AND EXTENT OF INTEREST IN THE   Direct beneficial
  TRANSACTION
  CLEARANCE OBTAINED                     Yes (in July 2016)

Clearance to deal in these shares was obtained in accordance with rule 3.66 of
the JSE Listings Requirements.

1 March 2017
Tyger Valley

Sponsor
PSG Capital

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