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                               19 December 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        389
Purchase price per share                          R11.85
Total value of transaction                        R4 609.65
Nature of interest                                Direct beneficial
Clearance obtained                                Yes

Company                                           RFG Foods Proprietary Limited
Date of transaction                               20 December 2022
Nature of transaction                             On market purchase of securities
Class of securities                               Ordinary shares
Number of shares purchased                        427 576
Purchase price per share                          R12.00
Total value of transaction                        R5 130 869.24
Nature of interest                                Direct beneficial
Clearance obtained                                Yes


Groot Drakenstein
22 December 2022

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

Date: 22-12-2022 11:46:00

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