PIONEER FOOD GROUP LIMITED - Dealing In Company Shares

Dealing In Company Shares

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 compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:
1.
   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                22 May 2017
   PRICE PER SHARE                    R160.00
   NUMBER OF SECURITIES TRANSACTED    30 727
   TOTAL RAND VALUE OF SECURITIES     R 4 916 320.00
   NATURE OF TRANSACTION              Taken delivery of ordinary
                                      shares through the exercise of
                                      Phantom Share Rights granted
                                      and accepted between 2012 and
                                      2014 at strike prices of
                                      between R60.34 and R81.55 (off-
                                      market)
   NATURE AND EXTENT OF INTEREST IN   Direct beneficial
   THE TRANSACTION
   CLEARANCE OBTAINED                 Yes

2.

     NAME OF DIRECTOR                   CR Lamprecht
     COMPANY OF WHICH I AM A DIRECTOR   Pioneer Food Group Limited
     STATUS:EXECUTIVE/NON-EXECUTIVE     Acting Chief Financial Officer
     TYPE OF SECURITIES                 Shares
     CLASS OF SECURITIES                Ordinary
     DATE OF TRANSACTION                22 May 2017
     PRICE PER SHARE                    R160.00
     NUMBER OF SECURITIES TRANSACTED    16 252
     TOTAL RAND VALUE OF SECURITIES     R 2 600 320.00
     NATURE OF TRANSACTION              Taken delivery of ordinary
                                        shares through the exercise of
                                        Phantom Share Rights granted
                                        and accepted between 2011 and
                                        2014 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

DEALING IN COMPANY SHARES
1.
   NAME OF DIRECTOR                   CR Lamprecht
   COMPANY OF WHICH I AM A DIRECTOR   Pioneer Food Group Limited
   STATUS:EXECUTIVE/NON-EXECUTIVE     Acting Chief Financial Officer
   TYPE OF SECURITIES                 Shares
   CLASS OF SECURITIES                Ordinary
   DATE OF TRANSACTION                22 May 2017
   PRICE PER SHARE                    R156.01
   NUMBER OF SECURITIES TRANSACTED    571
   TOTAL RAND VALUE OF SECURITIES     R89 081.71
   NATURE OF TRANSACTION              Disposal of shares
   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
24 May 2017

Sponsor
PSG Capital

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