Dealings in securities by directors

RFG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
("the Company")

DEALINGS IN SECURITIES BY DIRECTORS

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

Director                                      :   Christiaan Cornelius Schoombie, Chief Financial
                                                  Officer
Company                                       :   RFG Holdings Limited
Date of transaction                           :   1 December 2025
Nature of transaction                         :   Off-market acceptance of ordinary shares delivered
                                                  in terms of share appreciation rights awarded on
                                                  3 December 2018, in accordance with the Rhodes
                                                  Food Group Limited 2015 Share Plan
Class of securities                           :   Ordinary shares
Number of securities                          :   16 891
Price per share                               :   R22.18
Total value of transaction                    :   R374 642.38
Nature of interest                            :   Direct beneficial
Clearance obtained                            :   Yes

Director                                      :   Willem Pieter Hanekom, Chief Executive Officer
Company                                       :   RFG Holdings Limited
Date of transaction                           :   1 December 2025
Nature of transaction                         :   Off-market acceptance of ordinary shares delivered
                                                  in terms of share appreciation rights awarded on
                                                  3 December 2018, in accordance with the Rhodes
                                                  Food Group Limited 2015 Share Plan
Class of securities                           :   Ordinary shares
Number of securities                          :   13 743
Price per share                               :   R22.18
Total value of transaction                    :   R304 819.74
Nature of interest                            :   Direct beneficial
Clearance obtained                            :   Yes

Groot Drakenstein
4 December 2025

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

Date: 04-12-2025 03:55:00

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