PFG - Pioneer Food Group Limited - Trading update

PFG - Pioneer Food Group Limited - Trading update                               
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")                                              
TRADING UPDATE                                                                  
Shareholders are hereby advised that Pioneer Foods provided in its previous     
comparable interim period for the six months ended 31 March 2010, an amount     
of R350 million in respect of the  Competition Commission administrative        
penalty.                                                                        
The final results for the six month period ended 31 March 2011 are not yet      
known, but will differ from the previous comparable interim period as a result  
of the R350 million provision. For the avoidance of doubt a provision of a      
similar extend is not foreseen for the six month period ended 31 March 2011.    
Pioneer Foods will revert to shareholders with a further trading update (to     
quantify the change as a result of the aforesaid non-provision) once certainty  
exists in regards to the final financial results for the six month period ended 
31 March 2011.                                                                  
Paarl                                                                           
30 March 2011                                                                   
Sponsor                                                                         
PSG Capital                                                                     
Date: 30/03/2011 15:00:02 Supplied by www.sharenet.co.za                     
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