Voluntary Trading Update Premier Food and Fishing Limited (Incorporated in the Republic of South Africa) Registration number 1998/018598/06 Share code: PFF and ISIN: ZAE000238309 ("PFF" or “the Group” or “the Company”) VOLUNTARY TRADING UPDATE Shareholders are hereby referred to the unaudited condensed interim Group results for the six months ended 28 February 2017 published on SENS on 4 May 2017 (“Interim Results Announcement”). Shareholders are reminded that these results relate to the period prior to listing and does not include the impact of the capital raise. As reported in the Interim Results Announcement, the headline earnings per share for the 6 month period ended 28 February 2017 increased by 33% to 12.70 cents per share as compared to the prior corresponding period. Shareholders are also reminded that the business is very seasonal with the bulk of the profits being realised in the second half of the financial year. Shareholders are also referred to the forecast published in the PFF pre-listing statement issued on 13 February 2017 and specifically for the period ending 31 August 2017 and are hereby advised that the Company is on course to meet its forecast. The abovementioned financial information on which this voluntary trading update is based has not been reviewed on by the Company’s auditors. Cape Town 9 May 2017 Sponsor PSG Capital Date: 09/05/2017 03:50:00 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.