Acceptance of Allocated Phantom Share Rights in terms of the Quantum Foods Phantom Share Plan QUANTUM FOODS HOLDINGS LIMITED (previously Business Venture Investments No 1792 Proprietary Limited) Incorporated in the Republic of South Africa Registration Number: 2013/208598/06 Share Code: QFH ISIN Number: ZAE000193686 ("Quantum Foods" or “the Company”) ACCEPTANCE OF ALLOCATED PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: 1. NAME OF DIRECTOR Andre Hugo Muller COMPANY OF WHICH I AM A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Equity Settled Phantom Share Rights CLASS OF SECURITIES Ordinary Shares DATE OF PHANTOM SHARE RIGHT GRANT 27 February 2015 DATE OF PHANTOM SHARE RIGHT ACCEPTANCE 27 March 2015 PHANTOM SHARE RIGHT STRIKE PRICE (CENTS) 314.8 NUMBER OF PHANTOM SHARE RIGHTS ALLOCATED 477 854 VESTING DATES OF PHANTOM SHARE RIGHTS 27 February 2018; 27 February 2019; and 27 February 2020 PERIOD OF EXERCISE Participants have until midnight on the 6 month anniversary of the relevant vesting date during which the Phantom Share Rights can be exercised NATURE OF TRANSACTION Acceptance of Phantom Share Rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan (off- market) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, Beneficial 2. NAME OF DIRECTOR Hendrik Albertus Lourens COMPANY OF WHICH I AM A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Equity Settled Phantom Share Rights CLASS OF SECURITIES Ordinary Shares DATE OF PHANTOM SHARE RIGHT GRANT 27 February 2015 DATE OF PHANTOM SHARE RIGHT ACCEPTANCE 27 March 2015 PHANTOM SHARE RIGHT STRIKE PRICE (CENTS) 314.8 NUMBER OF PHANTOM SHARE RIGHTS ALLOCATED 774 376 VESTING DATES OF PHANTOM SHARE RIGHTS 27 February 2018; 27 February 2019; and 27 February 2020 PERIOD OF EXERCISE Participants have until midnight on the 6 month anniversary of the relevant vesting date during which the Phantom Share Rights can be exercised NATURE OF TRANSACTION Acceptance of Phantom Share Rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan (off- market) NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, Beneficial Notes: i) Clearance to deal in these Phantom Share Rights was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited. ii) 50% of the Phantom Share Rights will vest in 3 tranches of 33.33% each on the vesting dates specified above. iii) 50% of the Phantom Share Rights will vest in 3 tranches of 33.33% on the vesting dates specified above, subject to a formula based on the compound growth of the Company’s headline earnings per share from the financial year prior to the date of grant of the Phantom Share Rights, as may be adjusted in terms of the rules, to the financial year prior to the date of exercise. iv) The total number and monetary value of the Company’s shares that will be issued to the directors pursuant to the exercise of the Phantom Share Rights will be determined according to a formula based on the growth in the share price of the Company from the date of grant, based on the strike price, of the Phantom Share Rights to the date of exercise. Accordingly, the total number of shares and monetary value thereof will only be determined at a future date. v) An additional SENS announcement will be made upon the exercise of the Phantom Share Rights by each director disclosing the exact number of shares issued and the monetary value thereof in accordance with the JSE Listings Requirements. 30 March 2015 Wellington Sponsor PSG Capital (Pty) Ltd Date: 30/03/2015 09:00:00 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.