PIONEER FOOD GROUP LIMITED - Changes to the board of directors

Changes to the board of directors

 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”)

 CHANGES TO THE BOARD OF DIRECTORS

 In   accordance  with   paragraph  3.59(a) of   the  Listings
 Requirements of the JSE Limited, Pioneer Foods hereby advises
 shareholders of the following appointments to the board of
 directors (“Board”) with immediate effect:

  i)   Mr Sango Ntsaluba has been appointed as an independent
       non-executive director to the Board. Mr Ntsaluba is the
       founding chief executive officer and executive chairman
       of Amabubesi Investments. He currently serves as a
       director on the boards of Barloworld, National Housing
       Finance Corporation, Basil Read and Ubank. Mr Ntsaluba
       holds a BCompt (Hons) degree from the University of South
       Africa and is a qualified Chartered Accountant (South
       Africa);

 ii)   Mr Norman Thomson has been appointed as an independent
       non-executive director to the Board. Mr Thomson served as
       group finance director of Woolworths from 2001 until
       2013. He currently serves as a director on the boards of
       Country Road in Australia and is chairman of the
       Woolworths group subsidiaries in Kenya, Tanzania, Uganda,
       Nigeria and Zambia. Mr Thomson holds a BCom degree from
       Rhodes University and is a qualified Chartered Accountant
       (South Africa); and

iii)   Mr Piet Mouton has been appointed as a non-executive
       director to the Board. Mr Mouton is the chief executive
       officer of PSG Group. He currently serves as a director
       on the boards of various PSG group companies, including
       Curro Holdings, PSG Konsult, Zeder Investments and
       Capitec Bank. Mr Mouton holds a B.Com (Maths) degree from
       the University of Stellenbosch.

 The Board welcomes the appointments and looks forward to their
 contribution going forward.

Bellville
20 November 2015

Sponsor and corporate adviser
PSG Capital

Date: 20/11/2015 02:30:00 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.