Exercise Of Phantom Share Rights In Terms Of The Equity Settled Phantom Share Plan And Dealing In Company Shares 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") EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN AND DEALING IN COMPANY SHARES In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the exercise of phantom share rights is disclosed: NAME OF DIRECTOR Andre Hugo Muller COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Delivery of ordinary shares through the exercise of phantom share rights in terms of the Quantum Phantom Share Plan (off-market transaction) DATE OF EXERCISE OF PHANTOM 22 May 2020 SHARE RIGHTS VESTING DATE OF PHANTOM SHARE 27 February 2020 RIGHTS EXERCISED PERIOD OF EXERCISE Participants have a 12 month period from the vesting date during which phantom share rights can be exercised NUMBER OF ORDINARY SHARES 48 928 DELIVERED PRICE PER ORDINARY SHARE R3.3746 DELIVERED TOTAL RAND VALUE OF ORDINARY R165 113.46 SHARES DELIVERED PHANTOM SHARE RIGHTS STRIKE R3.148 PRICE NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION DEALING IN COMPANY SHARES NAME OF DIRECTOR Andre Hugo Muller COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares DATE OF TRANSACTION 22 May 2020 NUMBER OF SECURITIES 22 716 TRANSACTED PRICE PER ORDINARY SHARE High: R3.31 Low: R3.30 Average: R3.3056 TOTAL RAND VALUE OF SECURITIES R75 090.01 TRANSACTED NATURE OF TRANSACTION Disposal of ordinary shares to cover taxation as a result of the exercise of the phantom share rights (on-market transaction) NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Wellington 26 May 2020 Sponsor PSG Capital Date: 26-05-2020 08:30:00 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.