PIONEER FOOD GROUP LIMITED - Exercise Of Phantom Share Rights By A Director And The Company Secretary

Exercise Of Phantom Share Rights By A Director And The Company Secretary

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 BY A DIRECTOR AND THE COMPANY SECRETARY

In compliance with rules 3.63 to 3.74 of the JSE Limited 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                16 February 2016
     CENTS PER SHARE                    14 000
     NUMBER OF SECURITIES TRANSACTED    26 904
     TOTAL RAND VALUE OF SECURITIES     R3 766 560.00
     NATURE OF TRANSACTION              Taken delivery of ordinary
                                        shares through the exercise of
                                        Phantom Share Rights granted
                                        and accepted in 2013 at a
                                        strike price of R66.13 (off-
                                        market)
     NATURE AND EXTENT OF INTEREST IN   Direct beneficial
     THE TRANSACTION
     CLEARANCE OBTAINED                 Yes

2.
     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                16 February 2015
     CENTS PER SHARE                    14 000
     NUMBER OF SECURITIES TRANSACTED    6 957
     TOTAL RAND VALUE OF SECURITIES     R973 980.00
     NATURE OF TRANSACTION              Taken delivery of ordinary
                                        shares through the exercise of
                                        Phantom Share Rights granted
                                        and accepted between 2011 and
                                        2013 at strike prices of
                                        between R48.74 and R60.34 (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.

Bellville
17 February 2016

Sponsor
PSG Capital

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