PIONEER FOOD GROUP LIMITED - Exercise Of Phantom Share Rights In Terms Of The Pioneer Foods Equity Settled Phantom Share Plan

Exercise Of Phantom Share Rights In Terms Of The Pioneer Foods Equity Settled Phantom Share Plan

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”)

EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE PIONEER FOODS EQUITY
SETTLED PHANTOM SHARE PLAN

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

 NAME OF DIRECTOR                    JA Jacobs
 COMPANY OF WHICH I AM A DIRECTOR    Pioneer Food Group Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE      Executive – Company Secretary
 TYPE OF SECURITIES                  Shares
 CLASS OF SECURITIES                 Ordinary
 DATE OF TRANSACTION                 6 March 2014
 CENTS PER SHARE                     3 474 (1)
                                     4 996 (2)
                                     6 185 (3)
                                     5 681 (4)
 NUMBER OF SECURITIES TRANSACTED     1 401 (1)
                                     50 (2)
                                     2 919 (3)
                                     309 (4)
 TOTAL RAND VALUE OF SECURITIES      R48 670.74 (1)
                                     R2 498.00 (2)
                                     R180 540.15 (3)
                                     R17 554.29 (4)
 NATURE OF TRANSACTION               Taken delivery of ordinary
                                     shares through the exercise of
                                     Phantom Share Rights (off-
                                     market)
 NATURE AND EXTENT OF INTEREST IN    Direct beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                  Yes

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

Paarl
7 March 2014

Sponsor
PSG Capital

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