General Repurchase Of Ordinary Shares QUANTUM FOODS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2013/208598/06 Share Code: QFH ISIN Number: ZAE000193686 ("Quantum Foods" or “the Company” or “the Group”) GENERAL REPURCHASE OF ORDINARY SHARES At the annual general meeting of Quantum Foods held on 24 February 2017 (“AGM”), shareholders approved, by way of a special resolution, the repurchase of ordinary shares of the Company, on the terms and conditions set out under the relevant special resolution in the notice of AGM. In terms of such special resolution, shareholders granted a general authority to the board of directors of Quantum Foods (“Board”) to repurchase up to 20% of the issued ordinary share capital of Quantum Foods. Shareholders are hereby advised that, during the period commencing on 20 March 2017 to 15 September 2017, Quantum Foods has repurchased an aggregate of 6 914 494 ordinary shares, representing 3% of the issued ordinary share capital of Quantum Foods as at the date on which the authority to repurchase the ordinary shares was granted. The aforementioned ordinary shares were repurchased for an aggregate value of R21 093 920, funded out of the Company’s available cash resources. Date of Aggregate Highest Lowest Aggregate repurchases number of price per price per value ordinary ordinary ordinary shares share share repurchased repurchased repurchased 20 March 6 914 494 R3.30 R2.70 R21 093 920 2017 to 15 September 2017 The repurchases were made in terms of the general authority granted by shareholders at the AGM, and were effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the Company and the counterparties. The requirements for the general repurchase of ordinary shares in terms of paragraph 5.72(a) of the JSE Listings Requirements, have been complied with. Quantum Foods may repurchase a further 39 182 130 ordinary shares (17% of the ordinary shares in issue as at the date on which the authority was granted), in terms of the current general authority, which is valid until Quantum Foods’ next annual general meeting. The impact of the repurchase of the ordinary shares on the financial position of the Company is immaterial, as the repurchases were funded out of the Company’s available cash resources. Opinion of the Board The Board has considered the effect of the repurchases and is of the opinion that, for a period of 12 months following the date of this announcement: - the Company and the Group will be able, in the ordinary course of business, to repay their debts; - the consolidated assets of the Company and the Group will be in excess of the consolidated liabilities of the Company and the Group; - the Company’s and the Group’s share capital and reserves will be adequate for the purposes of the business of the Company and the Group; and - the Company and the Group will have sufficient working capital for ordinary business purposes. Wellington 18 September 2017 Sponsor PSG Capital Date: 18/09/2017 03:00:00 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.