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                9 February 2015
  CENTS PER SHARE                    15 072
  NUMBER OF SECURITIES TRANSACTED    162 704
  TOTAL RAND VALUE OF SECURITIES     R24 522 746.88
  NATURE OF TRANSACTION              Taken delivery of ordinary
                                     shares through the exercise of
                                     Phantom Share Rights (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                9 February 2015
  CENTS PER SHARE                    15 072 (1)
                                     14 677 (2)
 NUMBER OF SECURITIES TRANSACTED     2 516  (1)
                                     6 406  (2)
 TOTAL RAND VALUE OF SECURITIES      R379 211.52 (1)
                                     R940 208.62 (2)
 NATURE OF TRANSACTION               Taken delivery of ordinary
                                     shares through the exercise of
                                     Phantom Share Rights (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
11 February 2015

Sponsor
PSG Capital

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