Dealings in securities by an associate of directors and by an associate of a director of a major subsidiary RFG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 ("RFG") DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS AND BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Directors: Garth Willis and Chad Smart Company: RFG Holdings Limited Name of associate: Capitalworks Private Equity GP Proprietary Limited, as general partner of Capitalworks RFG Partnership Relationship to director: Garth Willis and Chad Smart are indirectly shareholders and directors within the control structure of Capitalworks Private Equity GP Proprietary Limited, as general partner of Capitalworks RFG Partnership and have an indirect economic interest in RFG by way of a carried interest in relation to the investments held in RFG by Capitalworks Private Equity GP Proprietary Limited, as general partner of Capitalworks RFG Partnership. Nature of transaction: Off market purchase of securities Class of securities: Ordinary shares Date of transaction: 8 June 2021 Number of securities: 500 000 Purchase price: R13.15 Total value of transaction: R6 575 000.00 Nature of interest: Indirect beneficial Clearance obtained: Not Required - associate dealing Director C Costaras Company Rhodes Food Group (Proprietary) Limited, a major subsidiary of the Company Name of associate Costaras Family Trust Relationship to director Family trust Date of transaction 8 June 2021 Nature of transaction Off market disposal of securities by a trust, of which the director is a trustee and a beneficiary Class of securities Ordinary shares Number of securities 500 000 Selling Price R13.15 Total value of transaction R6 575 000.00 Nature of interest Indirect beneficial Clearance obtained Obtained, although not required – associate dealing Groot Drakenstein 9 June 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 09-06-2021 01:15:00 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.