Vesting of performance shares and subsequent sale by company director

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

VESTING OF PERFORMANCE SHARES AND SUBSEQUENT SALE BY COMPANY DIRECTOR

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

Director                                         BAS Henderson
Company                                          RFG Holdings Limited
Date of transaction                              7 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                       105 671
Deemed delivery price                            R12.92
Total value of transaction                       R1 365 269.32
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

Director                                         BAS Henderson
Company                                          RFG Holdings Limited
Date of transaction                              7 December 2021
Nature of transaction                            On market disposal of securities
Class of securities                              Ordinary shares
Number of shares sold                            105 671
Sale price                                       R12.50
Total value of transaction                       R1 320 887.50
Nature of interest                               Direct beneficial
Clearance obtained                               Yes

The above shares were subject to accelerated vesting in terms of the rules of the Rhodes Food Group
2015 Share Plan relating to retirement.

Groot Drakenstein
8 December 2021

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

Date: 08-12-2021 09:26:00

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.