Repurchase Implemented: Dealings In Shares By Associates Of A Director QUANTUM FOODS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2013/208598/06) Share code: QFH ISIN: ZAE000193686 (“Quantum Foods” or “the Company”) REPURCHASE IMPLEMENTED: DEALINGS IN SHARES BY ASSOCIATES OF A DIRECTOR Shareholders are referred to the Company’s circular dated 5 April 2019 regarding the proposed specific repurchase of 18 091 661 Quantum Foods shares from certain black shareholders (“BEE Parties”) at R3.30 per share (“Repurchase”), as well as to the SENS announcement on 27 May 2019 advising that the Repurchase had been approved by shareholders at a general meeting on the same date. Shareholders are advised that, as all conditions precedent have been fulfilled, the Repurchase has been implemented. Certain of the BEE Parties participating in the Repurchase are associates of a director of Quantum Foods and details of the Repurchase from those associates are detailed below, as required under paragraphs 3.63 to 3.74 of the JSE Listings Requirements. NAME OF DIRECTOR ASM Karaan COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive TYPE AND CLASS OF SECURITIES Ordinary shares NATURE OF TRANSACTION Sale of shares by an associate (1), (2) of the director pursuant to the Repurchase (off-market transaction) DATE OF TRANSACTION 27 May 2019 (1), (2) PRICE PER SECURITY R3.30 (1), (2) 86 147 (1) NUMBER OF SECURITIES TRANSACTED 1 059 999 (2) TOTAL RAND VALUE OF SECURITIES R284 285.10 (1) TRANSACTED R3 497 996.70 (2) Triple Advanced Investments (1) No 107 (RF) Proprietary Limited NAME OF ASSOCIATE Ripa Issuer Subco Investments (2) (RF) Proprietary Limited (“Ripa”) The director is a director of the (1) associate and director and RELATIONSHIP WITH DIRECTOR shareholder of the associate’s holding company The director is a director of Ripa (2) and a director and shareholder of an associate of Ripa NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1), (2) THE TRANSACTION Wellington 28 May 2019 Transaction Advisor and Sponsor PSG Capital Date: 28/05/2019 04:00:00 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.