Vesting of shares and subsequent disposal by directors of a major subsidiary and by the company secretary RFG Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2012/074392/06) ISIN: ZAE000191979 Share Code: RFG VESTING OF SHARES AND SUBSEQUENT DISPOSAL BY DIRECTORS OF A MAJOR SUBSIDIARY AND BY THE COMPANY SECRETARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director C Costaras Company Rhodes Food Group Proprietary Limited Date of transaction 1 December 2020 Nature of transaction Off market delivery of vested shares in terms of the rules of the Rhodes Food Group 2015 Share Plan Class of securities Ordinary shares Number of shares delivered 30 863 Deemed delivery price R12.44 Total value of transaction R383,930.40 Nature of interest Direct beneficial Clearance obtained Yes Director C Costaras Company Rhodes Food Group Proprietary Limited Date of transaction 3 December 2020 Nature of transaction On market disposal of securities Class of securities Ordinary shares Number of shares sold 30 863 Selling price R12.20 Total value of transaction R376 528.60 Nature of interest Direct beneficial Clearance obtained Yes Director JB Mpele Company Rhodes Food Group Proprietary Limited Date of transaction 1 December 2020 Nature of transaction Off market delivery of vested shares in terms of the rules of the Rhodes Foods Group 2015 Share Plan Class of securities Ordinary shares Number of shares delivered 22 839 Deemed delivery price R12.44 Total value of transaction R284,121.34 Nature of interest Direct beneficial Clearance obtained Yes Director JB Mpele Company Rhodes Food Group Proprietary Limited Date of transaction 3 December 2020 Nature of transaction On market disposal of securities Class of securities Ordinary shares Number of shares sold 22 839 Selling price R12.20 Total value of transaction R278 635.80 Nature of interest Direct beneficial Clearance obtained Yes Director BM Lakey* Company Rhodes Food Group Proprietary Limited Date of transaction 1 December 2020 Nature of transaction Off market delivery of vested shares in terms of the rules of the Rhodes Food Group 2015 Share Plan Class of securities Ordinary shares Number of shares delivered 15 318 Deemed delivery price R12.44 Total value of transaction R190,558.37 Nature of interest Direct beneficial Clearance obtained Yes Director BM Lakey* Company Rhodes Food Group Proprietary Limited Date of transaction 3 December 2020 Nature of transaction On market disposal of securities Class of securities Ordinary shares Number of shares sold 6 894 Selling price R12.20 Total value of transaction R84 106.80 Nature of interest Direct beneficial Clearance obtained Yes *B Lakey is also the Company Secretary of RFG Holdings Limited. Groot Drakenstein 14 December 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14-12-2020 02:05:00 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.