Purchase of shares by subsidiary company

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

PURCHASE OF SHARES BY SUBSIDIARY COMPANY

In compliance with the JSE Limited Listings Requirements, RFG announces that its major subsidiary has,
in accordance with the rules of The RFG Holdings Limited 2021 Share Plan (the Plan), purchased RFG
shares in the open market in order to fulfill the settlement of restricted shares. The following information
relating to the purchase is disclosed:

Company                                           RFG Foods Proprietary Limited
Date of transaction                               13 September 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        9 723
Purchase price                                    R10.00
Total value of transaction                        R97 230.00
Nature of interest                                Direct beneficial
Clearance obtained                                Yes

Company                                           RFG Foods Proprietary Limited
Date of transaction                               14 September 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        48 547
Purchase price                                    R10.50
Total value of transaction                        R509 743.50
Nature of interest                                Direct beneficial
Clearance obtained                                Yes

Company                                           RFG Foods Proprietary Limited
Date of transaction                               15 September 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        54 500
Volume weighted average purchase price
per share:                                        R10.86
Highest purchase price per share                  R10.91
Lowest purchase price per share                   R10.59
Total value of transaction                        R591 964.26
Nature of interest                                Direct beneficial
Clearance obtained                                Yes

Groot Drakenstein
16 September 2022

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

Date: 16-09-2022 11:15:00

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