Voluntary announcement - Pioneer Foods acquires Streamfoods Holdings Limited in the United Kingdom 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”) Voluntary announcement - Pioneer Foods acquires Streamfoods Holdings Limited in the United Kingdom Shareholders are hereby advised that the Company has entered into an agreement to acquire the entire issued share capital of Streamfoods Holdings Limited for a purchase consideration of GBP7.5 million (“Acquisition”). Streamfoods Holdings Limited is wholly owned by the Wellness Group of companies. The Acquisition is in keeping with the stated strategic intent of acquiring and bolstering Pioneer Foods’ product range in the UK with branded options. The Acquisition will augment and leverage the Company’s UK private label portfolio and its recently upgraded manufacturing capabilities. Furthermore, Streamfoods also exports their core brand Fruit Bowl, to China and Europe. Pioneer Foods has extensive competence in the fruit snacking category, which bodes well for the development of the category and its brand position. Tyger Valley 1 August 2016 Sponsor and corporate advisor PSG Capital Date: 01/08/2016 10:44:00 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.