Dealings In Company Shares Pioneer Food Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1996/017676/06) (Share code: PFG) (ISIN code: ZAE000118279) (“Pioneer Foods” or “the Company”) DEALINGS IN COMPANY SHARES In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 1. NAME JA Jacobs COMPANY Pioneer Food Group Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive – Company Secretary TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATES OF TRANSACTIONS 23 February 2018 (1) 26 February 2018 (2) PRICE PER SHARE(CENTS) 12 350 (1) 12 600 (2) NUMBER OF SECURITIES TRANSACTED 730 (1) 752 (2) TOTAL RAND VALUE OF SECURITIES R90 155.00 (1) R94 752.00 (2) NATURE OF TRANSACTIONS (1) Disposal of shares to cover taxation as a result of the exercise of Phantom Share Rights as announced on 20 February 2018. (2) Disposal of shares (on market) NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTIONS CLEARANCE OBTAINED Yes 2. NAME JA Jacobs COMPANY Pioneer Food Group Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive – Company Secretary TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 28 February 2018 CENTS PER SHARE 13 630 NUMBER OF SECURITIES TRANSACTED 4 185 TOTAL RAND VALUE OF SECURITIES R570 415.50 NATURE OF TRANSACTION Taken delivery of ordinary shares through the exercise of 10 418 Phantom Share Rights granted and accepted in February 2014 at a strike price of R81.55(off-market) NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTION CLEARANCE OBTAINED Yes 3. NAME OF DIRECTOR TA Carstens COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 28 February 2018 CENTS PER SHARE 13 630 NUMBER OF SECURITIES TRANSACTED 2 790 (1) 16 107 (2) TOTAL RAND VALUE OF SECURITIES R 380 277.00 (1) R 2 195 384.10 (2) NATURE OF TRANSACTION (1) Taken delivery of ordinary shares through the exercise of 4 701 Phantom Share Rights granted and accepted in February 2013 at a strike price of R55.42(off-market) (2) Taken delivery of ordinary shares through the exercise of 40 098 Phantom Share Rights granted and accepted in February 2014 at a strike price of R81.55(off-market) NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTION CLEARANCE OBTAINED Yes 4. NAME OF DIRECTOR F Lombard COMPANY OF WHICH I AM A DIRECTOR Pioneer Food Group Limited STATUS:EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Shares CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 28 February 2018 CENTS PER SHARE 13 630 NUMBER OF SECURITIES TRANSACTED 2 603 (1) 18 768 (2) TOTAL RAND VALUE OF SECURITIES R 354 788.90 (1) R 2 558 078.40 (2) NATURE OF TRANSACTION (1) Taken delivery of ordinary shares through the exercise of 4 386 Phantom Share Rights granted and accepted in February 2013 at a strike price of R55.42(off-market) (2) Taken delivery of ordinary shares through the exercise of 46 725 Phantom Share Rights granted and accepted in February 2014 at a strike price of R81.55(off-market) NATURE AND EXTENT OF INTEREST IN THE Direct beneficial TRANSACTION CLEARANCE OBTAINED Yes Clearance to deal in these shares was obtained in accordance with rule 3.66 of the JSE Listings Requirements. Tyger Valley 01 March 2018 Sponsor PSG Capital Date: 01/03/2018 03:20:00 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.