Unaudited Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 March 2020 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") UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 MARCH 2020 AND DIVIDEND DECLARATION SALIENT FEATURES Revenue increased by 16% to R2 439 million, from R2 103 million in the prior corresponding period. Operating profit decreased by 24% to R91 million, from R121 million in the prior corresponding period. Headline earnings per share decreased by 24% to 34.5 cents per share, from 45.4 cents per share in the prior corresponding period. Earnings per share decreased by 24% to 34.5 cents per share, from 45.2 cents per share in the prior corresponding period. Dividends per share decreased by 25% to 6 cents per share, from 8 cents per share in the prior corresponding period. DIVIDEND DECLARATION The directors resolved to declare an interim gross dividend of 6 cents (2019: 8 cents) per share from income reserves in respect of the six months ended 31 March 2020. The dividend will be subject to a local dividend withholding tax rate of 20% for those shareholders who are not exempt from dividend withholding tax. Accordingly, for those shareholders not exempt from paying dividend withholding tax, the net dividend will be 4.8 cents per share. The number of ordinary shares in issue at the declaration date is 200 024 716 and the income tax number of the Company is 9095455193. The salient dates of the dividend declaration are: Declaration date Thursday, 21 May 2020 Last day to trade cum dividend Monday, 15 June 2020 Trading ex-dividend commences Wednesday, 17 June 2020 Record date Friday, 19 June 2020 Date of payment Monday, 22 June 2020 Share certificates may not be dematerialised or rematerialised between Wednesday, 17 June 2020 and Friday, 19 June 2020, both days inclusive. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement ("Full Announcement") and does not contain full or complete details. The Full Announcement can be found at: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/QFH/HYMar2020.pdf Copies of the Full Announcement is also available for viewing on the Company's website at http://quantumfoods.co.za/downloads/2020/hymar2020.pdf or may be requested in person, at the Company's registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole. The condensed consolidated interim financial statements have not been audited or reviewed by the Company's auditors. 21 May 2020 Sponsor PSG Capital Date: 21-05-2020 11:00:00 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.