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Vesting of shares and subsequent disposal by directors of a major subsidiary and by the company secretary

RFG Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2012/074392/06)
ISIN: ZAE000191979
Share Code: RFG

VESTING OF SHARES AND SUBSEQUENT DISPOSAL BY DIRECTORS OF A MAJOR SUBSIDIARY
AND BY THE COMPANY SECRETARY

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

Director                                         C Costaras
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            Off market receipt of vested shares in terms of the rules
                                                 of the Rhodes Food Group 2015 Share Plan
Class of securities                              Ordinary shares
Number of shares delivered                       18 701
Deemed delivery price                            R12.92
Total value of transaction                       R241 616.92
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         C Costaras
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            On market disposal of securities
Class of securities                              Ordinary shares
Number of shares sold                            18 701
Selling price                                    R12.89
Total value of transaction                       R240 984.83
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         JB Mpele
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            Off market receipt of vested shares in terms of the rules
                                                 of the Rhodes Foods Group 2015 Share Plan
Class of securities                              Ordinary shares
Number of shares delivered                       14 025
Deemed delivery price                            R12.92
Total value of transaction                       R181 203.00
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         JB Mpele
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            On market disposal of securities
Class of securities                              Ordinary shares
Number of shares sold                            14 025
Selling price                                    R12.89
Total value of transaction                       R180 728.96
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         BM Lakey*
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            Off market receipt of vested shares in terms of the rules
                                                 of the Rhodes Food Group 2015 Share Plan
Class of securities                              Ordinary shares
Number of shares delivered                       10 790
Deemed delivery price                            R12.92
Total value of transaction                       R139 406.80
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

*B Lakey is also the Company Secretary of RFG Holdings Limited.

Director                                         J Cilliers
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            Off market receipt of vested shares in terms of the rules
                                                 of the Rhodes Food Group 2015 Share Plan
Class of securities                              Ordinary shares
Number of shares delivered                       9 287
Deemed delivery price                            R12.92
Total value of transaction                       R119 988.04
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         J Cilliers
Company                                          RFG Foods Proprietary Limited
Date of transaction                              6 December 2021
Nature of transaction                            On market disposal of securities
Class of securities                              Ordinary shares
Number of shares sold                            9 287
Selling price                                    R12.89
Total value of transaction                       R119 674.14
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Groot Drakenstein
7 December 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07-12-2021 12:55:00

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