Dealings In Company Shares 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”) DEALINGS IN COMPANY SHARES In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR JA Jacobs COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive – Company Secretary TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 26 May 2017 PRICE PER SHARE High: 14 272 Low: 14 211 Average: 14 253 NUMBER OF SECURITIES TRANSACTED 15 688 TOTAL RAND VALUE OF SECURITIES R2 236 021.03 NATURE OF TRANSACTION Disposal of shares to cover taxation as a result of the exercise of Phantom Share Rights as announced on 24 May 2017. NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTION CLEARANCE OBTAINED Yes 2. NAME OF DIRECTOR CR Lamprecht COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS:EXECUTIVE/NON-EXECUTIVE Acting Chief Financial Officer TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 26 May 2017 PRICE PER SHARE High: 14 449 Low: 14 255 Average: 14 310 NUMBER OF SECURITIES TRANSACTED 1 391 TOTAL RAND VALUE OF SECURITIES R 199 052.10 NATURE OF TRANSACTION Disposal of shares to cover taxation as a result of the exercise of Phantom Share Rights as announced on 24 May 2017. NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTION CLEARANCE OBTAINED Yes Clearance to deal in these shares was obtained in accordance with rule 3.66 of the JSE Listings Requirements. Bellville 29 May 2017 Sponsor PSG Capital Date: 29/05/2017 02:15:00 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.