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 2017 (“Allocation Date”). Director : BAS Henderson Company : Rhodes Food Group Holdings Limited Date of transaction : 7 December 2017 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 : 79 174 SAR allocation price : R18.69 Total value of transaction : R1 479 762.06 Nature of interest : Direct beneficial Clearance obtained : Yes Director : CC Schoombie Company : Rhodes Food Group Holdings Limited Date of transaction : 6 December 2017 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 : 42 341 SAR allocation price : R18.69 Total value of transaction : R791 353.29 Nature of interest : Direct beneficial Clearance obtained : Yes Director : J Mpele Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 25 495 SAR allocation price : R18.69 Total value of transaction : R476 501.55 Nature of interest : Direct beneficial Clearance obtained : Yes Director : WP Hanekom Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 32 439 SAR allocation price : R18.69 Total value of transaction : R606 284.91 Nature of interest : Direct beneficial Clearance obtained : Yes Director : R Phillips Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 29 527 SAR allocation price : R18.69 Total value of transaction : R551 859.63 Nature of interest : Direct beneficial Clearance obtained : Yes Director : G Kotze Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 33 367 SAR allocation price : R18.69 Total value of transaction : R623 629.23 Nature of interest : Direct beneficial Clearance obtained : Yes Director : C Costaras Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 34 451 SAR allocation price : R18.69 Total value of transaction : R643 889.19 Nature of interest : Direct beneficial Clearance obtained : Yes Director : B Lakey Company : Rhodes Food Group Proprietary Limited Date of transaction : 7 December 2017 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 : 17 099 SAR allocation price : R18.69 Total value of transaction : R319 580.31 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 employment and 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 7 December 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/12/2017 02:40:00 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.