RHODES FOOD GROUP HOLDINGS LIMITED - Trading statement

Trading statement

Rhodes Food Group Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2012/074392/06
JSE share code: RFG
ISIN: ZAE000191979
(“the group”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited (“JSE”), companies are required
to publish a trading statement as soon as they are satisfied, with a reasonable degree of
certainty, that the financial results for the period to be reported on next will differ by at
least 20% from the financial results for the previous corresponding reporting period.

Shareholders are advised that the group expects the following increase in earnings for
the year ended 25 September 2016:

                                      Year ended                  Year ended
                                  27 September 2015           25 September 2016
                                   Reported (cents)          Expected Range (cents)
Earnings per share (EPS)                  77.1           67% - 72% higher       128.8 – 132.6
Headline earnings per share (HEPS)        77.4           67% - 72% higher       129.3 – 133.1
Diluted HEPS                              74.4           67% - 72% higher       124.2 – 128.0

Normalised earnings, excluding the once-off listing costs of R21.8 million in the 2015
period, are expected to be as follows:

                                     Year ended                       Year ended
                                 27 September 2015                25 September 2016
                                  Reported (cents)              Expected Range (cents)
Normalised EPS                           87.0             48% - 53% higher       128.8 – 133.1
Normalised HEPS                          87.4             48% - 53% higher       129.4 – 133.7
Normalised diluted HEPS                  83.9             48% - 53% higher       124.2 – 128.4

The information in this trading statement has not been reviewed and reported on by the
group’s independent external auditors.

The group’s financial results for the year ended 25 September 2016 will be released on
the Stock Exchange News Service of the JSE on 21 November 2016.

Groot Drakenstein
14 November 2016

Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

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