QUANTUM FOODS HOLDINGS LIMITED - Retirement of Chief Executive Officer (CEO) and appointment of successor

Retirement of Chief Executive Officer (“CEO”) and appointment of successor

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")

RETIREMENT OF CHIEF EXECUTIVE OFFICER ("CEO") AND APPOINTMENT OF SUCCESSOR

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders of Quantum Foods are
hereby advised that Mr Hendrik Albertus Lourens will retire from his position of CEO of Quantum Foods with effect from
Monday, 1 April 2024.

The board of directors of the Company ("Board") would like to sincerely thank Mr Lourens for his exemplary leadership
and valuable contribution to the Company over many years and wishes him well in his future endeavours.

The Board is pleased to announce the appointment of Ms Adel Deidré van der Merwe as the new CEO of the Company
with effect from Monday, 1 April 2024.

Ms van der Merwe holds a Bachelor of Commerce Degree in Management Accounting from Stellenbosch University and
is currently an executive at the Company's Layer Farming and Eggs businesses. Ms van der Merwe started her career
in the corporate finance department of Pioneer Foods in 1995 and moved to central procurement where she spent much
of her time involved in procurement of raw materials and commodities. In 2008 she joined Nova Feeds, which was a
division of Pioneer Foods at the time. Ms van der Merwe joined the Eggs business during 2016. She has accumulated
over 13 years of experience in the animal feeds and food industry, bringing invaluable insight to her new role.

To ensure an orderly transition, Mr Lourens will remain an executive director of the Company until Friday, 31 May 2024.

The Board would like to congratulate Ms van der Merwe on her new role.


Wellington
27 February 2024

Corporate advisor and Sponsor
One Capital

Attorneys
Webber Wentzel




                                                                                                                    

Date: 27-02-2024 01:20:00
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.