Results Of Annual General Meeting 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”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are hereby advised that at the Annual General Meeting of the Company held today, 09 February 2018 at the Table Bay Hotel, V&A Waterfront, Cape Town (“AGM”), all of the resolutions were passed by the requisite majority of the Pioneer Foods shareholders. The detailed voting results of the AGM are set out below: Ordinary Business Ordinary Resolution Number 1: To confirm the re-appointment of PricewaterhouseCoopers Inc. as auditor for the 1 ensuing year on the recommendation of the Audit Committee. For Against Abstain Shares voted 122 235 813 14 806 713 174 888 137 042 526 89.20% 10.80% 0.07% 58.71% 2 Ordinary Resolution Number 2: General authority to issue shares for cash For Against Abstain Shares voted 122 206 481 14 910 325 101 408 137 116 806 89.13% 10.87% 0.04% 58.75% 3 Ordinary Resolution Number 3: To confirm appointment of director: Mr Tertius Alwyn Carstens For Against Abstain Shares voted 137 116 701 105 101 408 137 116 806 100% 0.00% 0.04% 58.75% 4 Ordinary Resolution Number 4: To confirm appointment of director: Mr Felix Lombard For Against Abstain Shares voted 137 101 201 15 605 101 408 137 116 806 99.99% 0.01% 0.04% 58.75% 5 Ordinary Resolution Number 5: To re-elect director: Ms Nonhlanhla Mjoli-Mncube For Against Abstain Shares voted 129 287 367 7 819 254 111 593 137 106 621 94.30% 5.70% 0.05% 58.74% 6 Ordinary Resolution Number 6: To re-elect director: Mr Sango Siviwe Ntsaluba For Against Abstain Shares voted 131 599 724 5 472 969 145 521 137 072 693 96.01% 3.99% 0.06% 58.73% 7 Ordinary Resolution Number 7: To re-elect director: Mr Zitulele Luke Combi For Against Abstain Shares voted 136 490 964 614 857 111 593 137 105 821 99.55% 0.45% 0.05% 58.74% 8 Ordinary Resolution Number 8: Re-appointment of member of the Audit Committee: Norman William Thomson For Against Abstain Shares voted 137 116 706 100 101 408 137 116 806 100% 0.00% 0.04% 58.75% 9 Ordinary Resolution Number 9: Re-appointment of member of the Audit Committee: Mr Sango Siviwe Ntsaluba For Against Abstain Shares voted 135 907 368 1 154 214 155 832 137 061 582 99.16% 0.84% 0.07% 58.72% Ordinary Resolution Number 10: Re-appointment of member of the Audit Committee: Ms Lindiwe Evarista 10 Mthimunye-Bakoro For Against Abstain Shares voted 137 090 980 24 900 101 534 137 115 880 99.98% 0.02% 0.04% 58.75% 11 Ordinary Resolution Number 11: Non-binding endorsement of Pioneer Foods’ remuneration policy For Against Abstain Shares voted 115 515 653 21 545 555 156 206 137 061 208 84.28% 15.72% 0.07% 58.72% 12 Ordinary Resolution Number 12: Non-binding endorsement of Pioneer Foods’ implementation report For Against Abstain Shares voted 116 254 671 20 807 222 155 521 137 061 893 84.82% 15.18% 0.07% 58.72% 13 Ordinary Resolution Number 13: Amendments to the Phantom Share Plan For Against Abstain Shares voted 136 808 335 177 202 231 877 136 985 537 99.87% 0.13% 0.10% 58.69% 14 Special Resolution Number 1: Approval of non-executive directors’ remuneration For Against Abstain Shares voted 136 744 515 325 618 147 281 137 070 133 99.76% 0.24% 0.06% 58.73% 15 Special Resolution Number 2: General authority to grant financial assistance to related and inter-related companies For Against Abstain Shares voted 136 160 805 943 189 114 220 137 103 994 99.31% 0.69% 0.05% 58.74% Special Resolution Number 3: Financial assistance for the acquisition of securities in the Company and in related and 16 inter-related companies For Against Abstain Shares voted 123 672 326 13 431 668 114 220 137 103 994 90.20% 9.80% 0.05% 58.74% 17 Special Resolution Number 4: General authority to repurchase shares For Against Abstain Shares voted 134 524 818 2 591 988 101 408 137 116 806 98.11% 1.89% 0.04% 58.75% Notes: – Percentages of shares voted are calculated in relation to the total issued share capital of Pioneer Foods. – Percentage of shares voted for and against are calculated in relation to the total number of shares voted for each resolution. – Abstentions are calculated as a percentage in relation to the total issued share capital of Pioneer Foods. Tyger Valley 09 February 2018 Sponsor PSG Capital Date: 09/02/2018 02:30:00 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.