QUANTUM FOODS HOLDINGS LIMITED - Update On Recent Trading In The Companys Securities

Update On Recent Trading In The Company’s Securities

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
(the “Company”)

                        UPDATE ON RECENT TRADING IN THE COMPANY’S SECURITIES

Shareholders of the Company (“Shareholders”) are referred to the announcement published by the Company on the
Stock Exchange News Service of the JSE Limited on Tuesday, 7 July 2020 in respect of, inter alia, the recent trading in
the Company’s securities (“Announcement”).

Following the publication of the Announcement, the Company received formal direct communication from the Acquiring
Entity (as defined in the Announcement) (“Communication”). Pursuant to the Communication, Shareholders are
advised as follows:

  •   The Acquiring Entity is Silverlands II SCSp (the “Fund”). The Fund is a Luxembourg-based fund which invests
      into the agricultural sector in sub Saharan Africa, on behalf of its investors, which are primarily institutional
      investors and is advised by SilverStreet Capital LLP (“SilverStreet”), a United Kingdom regulated investment
      advisor.
  •   The Fund and SilverStreet are long-term investors.
  •   The Fund, through a wholly-owned subsidiary, Aristotle Africa S.à r.l., has entered into binding agreements with
      certain institutional Shareholders to acquire 62 103 447 ordinary shares in the Company (“Shares”) representing
      approximately 32% of the issued Shares, excluding treasury shares, at a price no higher than R6.00 per Share
      (“Share Acquisitions”).
  •   The Share Acquisitions are expected to be settled during the week of 20 July 2020.
  •   As at the date of this announcement, neither the Fund nor any entity(ies) or person(s) associated with the Fund
      have acquired or hold any Shares, either through on-market or off-market trades.
  •   The Fund is acting alone and not acting in concert with any entities or persons, other than as stated above.

The Company will publish the relevant announcement following receipt of the notification in respect of the Share
Acquisitions, in terms of section 122(3)(b) of the Companies Act, No. 71 of 2008 and paragraph 3.83(b) of the JSE
Limited Listings Requirements.

Wellington
10 July 2020

Corporate advisor
One Capital

Attorneys
Cliffe Dekker Hofmeyr Inc.

Sponsor
PSG Capital

Date: 10-07-2020 05:39:00
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