Dealings in securities by directors RHODES FOOD GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 DEALINGS IN SECURITIES BY DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed in relation to the acceptance of Share Appreciation Rights (“SARs”) allocated under the Rhodes Food Group 2015 Share Plan (“Plan”) on 1 December 2016 (“Allocation Date”). Director : BAS Henderson Company : Rhodes Food Group Holdings Limited Date of transaction : 8 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 54 751 SAR allocation price : R26.58 Total value of transaction : R1 455 281.58 Nature of interest : Direct beneficial Clearance obtained : Yes Director : CC Schoombie Company : Rhodes Food Group Holdings Limited Date of transaction : 8 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 23 824 SAR allocation price : R26.58 Total value of transaction : R633 241.92 Nature of interest : Direct beneficial Clearance obtained : Yes Director : J Mpele Company : Rhodes Food Group Proprietary Limited Date of transaction : 8 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 17 630 SAR allocation price : R26.58 Total value of transaction : R468 605.40 Nature of interest : Direct beneficial Clearance obtained : Yes Director : WP Hanekom Company : Rhodes Food Group Proprietary Limited Date of transaction : 9 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 22 433 SAR allocation price : R26.58 Total value of transaction : R596 269.14 Nature of interest : Direct beneficial Clearance obtained : Yes Director : R Phillips Company : Rhodes Food Group Proprietary Limited Date of transaction : 9 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 20 419 SAR allocation price : R26.58 Total value of transaction : R542 737.02 Nature of interest : Direct beneficial Clearance obtained : Yes Director : G Kotze Company : Rhodes Food Group Proprietary Limited Date of transaction : 9 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 23 075 SAR allocation price : R26.58 Total value of transaction : R613 333.50 Nature of interest : Direct beneficial Clearance obtained : Yes Director : C Costaras Company : Rhodes Food Group Proprietary Limited Date of transaction : 8 December 2016 Nature of transaction : Off market acceptance of SARs granted to the director under the terms of the Plan. Class of securities : Options in respect of ordinary shares Number of options granted : 23 824 SAR allocation price : R26.58 Total value of transaction : R633 241.92 Nature of interest : Direct beneficial Clearance obtained : Yes - The vesting of the SARs is subject to the satisfaction of certain conditions, including continued employment and the satisfaction of certain performance criteria. - To the extent that the performance criteria have been met the SARs will vest as follows: - One third on the third anniversary of the Allocation Date - A second third on the fourth anniversary of the Allocation Date. - The balance on the fifth anniversary of the Allocation Date. Groot Drakenstein 12 December 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/12/2016 07:05:00 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.