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Dealings in securities by associate of directors

(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:

      Directors:                         Garth Willis and Chad Smart
      Company:                           RFG Holdings Limited
      Name of associate:                 South African Investment GP Trust, as general partner of RFG
                                         Holdings Partnership
      Relationship to directors:         Garth Willis and Chad Smart have an indirect economic interest,
                                         through discretionary trusts, in RFG Holdings Partnership.
      Nature of transaction:             On market purchase of securities
      Class of securities:               Ordinary shares
      Date of transaction:               4 July 2022
      Number of securities:              14 099
      Purchase price per share:          R10.9022
      Total value of transaction:        R153 710.12
      Nature of interest:                Indirect beneficial, through discretionary trusts
      Clearance obtained:                Not Required - Associate dealing

Groot Drakenstein
11 July 2022

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11-07-2022 01:35:00

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