Change to the board of directors RFG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 (“RFG”) CHANGE TO THE BOARD OF DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: RFG is pleased to announce the appointment of Ms S Maitisa as an independent non-executive director to the board of RFG with effect from 19 October 2020. Ms Maitisa holds a Bachelor of Commerce degree and a Master of Business Administration degree. She is the part owner and director of strategy of Titan Marketing (Pty) Ltd and also currently serves as a non-executive director on the Phatsima Properties (Pty) Ltd and Alpha South Africa boards. She previously served as an executive director for DraftFCB SA (Pty) Ltd and Metropolitan Health Group Holdings and held independent non- executive director positions in Metboard Properties Ltd, Imperial Logistics (Pty) Ltd, Voith Turbo SA (Pty) Ltd and Integrated Ship Handling (Pty) Ltd. The board welcomes Ms Maitisa and looks forward to her contribution to RFG. Groot Drakenstein 19 October 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19-10-2020 09:00:00 Supplied by www.sharenet.co.za 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.