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Dealing in securities by a director

(Incorporated in the Republic of South Africa)
(Registration number 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979


In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director                     :   Dr. Yvonne Muthien, independent non-
                                 executive chairperson
Company                      :   RFG Holdings Limited
Date of transaction          :   17 November 2020
Nature of transaction        :   On market purchase of securities
Class of securities          :   Ordinary shares
Number of securities         :   15 840
Purchase Price               :   R12.50
Total value of transaction   :   R198 000.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Groot Drakenstein
17 November 2020

RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17-11-2020 01:10:00

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