Vesting of performance shares and subsequent transfer by company directors RFG Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2012/074392/06) ISIN: ZAE000191979 Share Code: RFG VESTING OF PERFORMANCE SHARES AND SUBSEQUENT TRANSFER BY COMPANY DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director BAS Henderson Company RFG Holdings 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 71 908 Deemed delivery price R12.44 Total value of transaction R894,533.90 Nature of interest Direct beneficial Clearance obtained Yes Director BAS Henderson Company RFG Holdings Limited Date of transaction 14 December 2020 Nature of transaction Subsequent off market transfer of vested shares to Bruce Henderson Trust (Trustee and beneficiary) Class of securities Ordinary shares Number of shares transferred 71 908 Deemed transfer price R12.44 Total value of transaction R894,533.90 Nature of interest Indirect beneficial Clearance obtained Yes Director CC Schoombie Company RFG Holdings 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 38 209 Deemed delivery price R12.44 Total value of transaction R475,321.83 Nature of interest Direct beneficial Clearance obtained Yes Director CC Schoombie Company RFG Holdings Limited Date of transaction 14 December 2020 Nature of transaction Subsequent off market transfer of vested shares to Schoombies Investments (Pty) Ltd (Director) Class of securities Ordinary shares Number of shares transferred 38 209 Deemed transfer price R12.44 Total value of transaction R475,321.83 Nature of interest Indirect beneficial Clearance obtained Yes Director WP Hanekom Company RFG Holdings 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 29 060 Deemed delivery price R12.44 Total value of transaction R361,502.84 Nature of interest Direct beneficial Clearance obtained Yes Director WP Hanekom Company RFG Holdings Limited Date of transaction 14 December 2020 Nature of transaction Subsequent off market transfer of vested shares to Relta 38 (Pty) Ltd (Director and Shareholder) Class of securities Ordinary shares Number of shares transferred 29 060 Deemed transfer price R12.44 Total value of transaction R361,502.84 Nature of interest Indirect beneficial Clearance obtained Yes Groot Drakenstein 14 December 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14-12-2020 02:08:00 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.