QUANTUM FOODS HOLDINGS LIMITED - Exercise of phantom share rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan

Exercise of phantom share rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
("Quantum Foods" or the "Company")

EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("Listings Requirements"),
shareholders of Quantum Foods are hereby advised that executive directors of the Company (including the newly
appointed chief executive officer of the Company ("CEO")) and a director of a major subsidiary of the Company,
exercised Phantom Share Rights ("PSRs") issued by the Company under the Quantum Foods Holdings Limited Equity
Settled Phantom Share Plan ("Scheme") on 11 February 2019, 17 February 2020 and 15 February 2021,
("PSR Exercises"). The exercised PSRs are settled in ordinary shares in the Company ("Shares").

The PSR Exercises were effected, and clearance in respect thereof was granted in terms of paragraph 3.66 of the
Listings Requirements, on 8 March 2024, after the Company published an announcement on SENS providing
shareholders of the Company with an update regarding the recent trading in the Company's securities.

Details of PSRs:

    Vesting date of PSRs:                                   (1) 11 February 2024
                                                            (2) 17 February 2024
                                                            (3) 15 February 2024
    Exercise period:                                        Participants must exercise vested PSRs by no later
                                                            than midnight on the first anniversary of the vesting
                                                            date
    Date of exercise:                                       (1) 8 March 2024
                                                            (2) 8 March 2024
                                                            (3) 8 March 2024
    Price per Share on the exercise date:                   (1) R7.2865
                                                            (2) R7.2865
                                                            (3) R7.2865
    Strike price of PSRs:                                   (1) R4.145
                                                            (2) R3.565
                                                            (3) R6.085
    Nature and extent of interest:                          Direct beneficial
    On-market or off-market:                                Off-market

Transaction 1:

    Name of executive director of the Company:              Hendrik Albertus Lourens
    Number of Shares to be settled following the PSR        (1) 137 442
    Exercise:                                               (2) 119 555
                                                            (3) 32 120
    Total value of Shares to be settled:                    (1) R 1 001 475.12
                                                            (2) R 871 140.97
                                                            (3) R 234 043.31                                                                                                             
Transaction 2:

   Name of executive director of the Company:               André Hugo Muller
   Number of Shares to be settled following the PSR         (1) 35 732
   Exercise:                                                (2) 36 904
                                                            (3) 8 439
   Total value of Shares to be settled:                     (1) R 260 362.25
                                                            (2) R 268 902.07
                                                            (3) R 61 491.02
Transaction 3:

   Name of director of a major subsidiary of the Company:   Roelof Viljoen
   Name of major subsidiary:                                Quantum Foods Proprietary Limited
   Number of Shares to be settled following the PSR         (1) 35 045
   Exercise:                                                (2) 31 141
                                                            (3) 7 769
   Total value of Shares to be settled:                     (1) R 255 356.41
                                                            (2) R 226 909.80
                                                            (3) R 56 609.04
Transaction 4:

   Name of CEO:                                             Adel Deidré van der Merwe
   Number of Shares to be settled following the PSR         (1) 33 817
   Exercise:                                                (2) 33 528
                                                            (3) 7 983
   Total value of Shares to be settled:                     (1) R 246 408.55
                                                            (2) R 244 302.74
                                                            (3) R 58 168.36

The PSR Exercises together with the exercise of vested PSRs by other participants of the Scheme, will result in the
settlement of 1 173 436 Shares in aggregate.


Wellington
11 March 2024

Corporate advisor and Sponsor
One Capital

Attorneys
Webber Wentzel

Date: 11-03-2024 07:05:00
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.