Updated Trading Statement QUANTUM FOODS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2013/208598/06 Share Code: QFH ISIN Code: ZAE000193686 ("Quantum Foods" or "the Company") UPDATED TRADING STATEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Further to the trading statement released on SENS on 16 September 2019, shareholders are hereby advised that for the twelve-month period ended 30 September 2019, Quantum Foods expects: - headline earnings per share of between 87.7 cents and 94.3 cents, being a decrease of between 42% and 46% compared to the headline earnings of 163.9 cents per share for the previous corresponding period; and - basic earnings per share of between 87.9 cents and 94.5 cents, being a decrease of between 42% and 47% when compared to the basic earnings per share of 164.3 cents in the previous corresponding period. The results for the twelve months ended 30 September 2019 is expected to be published on SENS on or about 28 November 2019. The financial information on which this trading update is based, has not been reviewed or reported on by the Company´s external auditors. Wellington 24 October 2019 Sponsor PSG Capital Date: 24/10/2019 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.