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 Hendrik Albertus Lourens 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 (1-2) through the exercise of phantom share rights in terms of the Quantum Foods Phantom Share Plan (off-market transaction) DATE OF EXERCISE OF PHANTOM 28 May 2020 (1-2) SHARE RIGHTS VESTING DATES OF PHANTOM SHARE 18 February 2020 (1) RIGHTS 23 February 2020 (2) PERIOD OF EXERCISE Participants have a 12 month (1-2) period from the vesting date during which Phantom Share Rights can be exercised NUMBER OF ORDINARY SHARES 99 298 (1) DELIVERED 262 724 (2) PRICE PER ORDINARY SHARE R3.4885 (1-2) DELIVERED TOTAL RAND VALUE OF ORDINARY R346 404.75 (1) SHARES DELIVERED R916 522.39 (2) PHANTOM SHARE RIGHTS STRIKE R2.660 (1) PRICE R3.093 (2) NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-2) THE TRANSACTIONS DEALING IN COMPANY SHARES NAME OF DIRECTOR Hendrik Albertus Lourens COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Ordinary shares DATES OF TRANSACTIONS 28 May 2020 (1) 29 May 2020 (2) NUMBER OF SECURITIES 162 413 (1) TRANSACTED 16 641 (2) PRICE PER ORDINARY SHARE High: R3.5000 (1) Low: R3.2500 Average: R3.3132 High: R3.5000 (2) Low: R3.5000 Average: R3.5000 TOTAL RAND VALUE OF SECURITIES R538 106.75 (1) TRANSACTED R58 243.50 (2) NATURE OF TRANSACTIONS Disposal of ordinary shares to (1-2) cover taxation as a result of the exercise of the Phantom Share Rights (on-market transactions) NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-2) THE TRANSACTIONS Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Wellington 2 June 2020 Sponsor PSG Capital Date: 02-06-2020 09:00:00 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.