Dealing In Securities By A Director 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”) DEALING IN SECURITIES BY A DIRECTOR In compliance with rules 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR PM Roux COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 6 February 2017 PRICE PER SHARE R166.02 NUMBER OF SECURITIES 30 509 TOTAL RAND VALUE OF TRANSACTION R5 065 104.18 NATURE OF TRANSACTION Taken delivery of ordinary shares through the exercise of 49,902 Phantom Share Rights granted and accepted in April 2013 at a strike price of R64.52 (off-market) NATURE AND EXTENT OF INTEREST IN Direct beneficial THE TRANSACTION CLEARANCE OBTAINED Yes 2. NAME OF DIRECTOR PM Roux COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 7 February 2017 NUMBER OF SECURITIES 30 509 PUT OPTION STRIKE PRICE R167.10 TOTAL RAND VALUE OF TRANSACTION R5 098 053.9 NATURE OF TRANSACTION Exercise of put option in respect of a zero premium cost collar entered into on 14 July 2016 (Off-market) and announced on 15 July 2016 NATURE AND EXTENT OF INTEREST IN Direct beneficial THE TRANSACTION CLEARANCE OBTAINED Yes (in July 2016) Clearance to deal in these shares was obtained in accordance with rule 3.66 of the JSE Listings Requirements. 7 February 2017 Tyger Valley Sponsor PSG Capital Date: 07/02/2017 05:00:00 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.