Changes to the board of directors 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”) CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, Pioneer Foods hereby advises shareholders of the following appointments to the board of directors (“Board”) with immediate effect: i) Mr Sango Ntsaluba has been appointed as an independent non-executive director to the Board. Mr Ntsaluba is the founding chief executive officer and executive chairman of Amabubesi Investments. He currently serves as a director on the boards of Barloworld, National Housing Finance Corporation, Basil Read and Ubank. Mr Ntsaluba holds a BCompt (Hons) degree from the University of South Africa and is a qualified Chartered Accountant (South Africa); ii) Mr Norman Thomson has been appointed as an independent non-executive director to the Board. Mr Thomson served as group finance director of Woolworths from 2001 until 2013. He currently serves as a director on the boards of Country Road in Australia and is chairman of the Woolworths group subsidiaries in Kenya, Tanzania, Uganda, Nigeria and Zambia. Mr Thomson holds a BCom degree from Rhodes University and is a qualified Chartered Accountant (South Africa); and iii) Mr Piet Mouton has been appointed as a non-executive director to the Board. Mr Mouton is the chief executive officer of PSG Group. He currently serves as a director on the boards of various PSG group companies, including Curro Holdings, PSG Konsult, Zeder Investments and Capitec Bank. Mr Mouton holds a B.Com (Maths) degree from the University of Stellenbosch. The Board welcomes the appointments and looks forward to their contribution going forward. Bellville 20 November 2015 Sponsor and corporate adviser PSG Capital Date: 20/11/2015 02:30:00 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.