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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


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                               9 December 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        117 979
Purchase price per share                          R12.90
Total value of transaction                        R1 521 929.10
Nature of interest                                Direct beneficial
Clearance obtained                                Yes

Groot Drakenstein
12 December 2022

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12-12-2022 01:17:00

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