Summary audited consolidated financial statements for the year ended 30 September 2020 and cash dividend declaration QUANTUM FOODS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2013/208598/06 Share Code: QFH ISIN Code: ZAE000193686 ("Quantum Foods" or "the Company") SUMMARY AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 AND CASH DIVIDEND DECLARATION SALIENT FEATURES Revenue increased by 15% to R5 095 million, from R4 418 million in the prior corresponding period. Operating profit decreased by 11% to R218 million, from R245 million in the prior corresponding period. Headline earnings per share decreased by 13% to 80.5 cents per share, from 92.3 cents per share in the prior corresponding period. Earnings per share decreased by 13% to 80.1 cents per share, from 92.6 cents per share in the prior corresponding period. Dividends per share decreased by 52% to 16.0 cents per share, from 33.0 cents per share in the prior corresponding period. DIVIDEND DECLARATION The directors resolved to declare a final gross cash dividend of 10.0 cents (2019: 25.0 cents) per share from income reserves in respect of the year ended 30 September 2020. The dividend will be subject to a local dividend withholding tax rate of 20% for those shareholders who are not exempt from dividend withholding tax. Accordingly, for those shareholders not exempt from paying dividend withholding tax, the net dividend will be 8.0 cents per share. The number of ordinary shares in issue at the declaration date is 200 024 716 and the income tax number of the Company is 9095455193. The salient dates of the dividend declaration are: Declaration date Thursday, 26 November 2020 Last day to trade cum dividend Tuesday, 12 January 2021 Trading ex-dividend commences Wednesday, 13 January 2021 Record date Friday, 15 January 2021 Date of payment Monday, 18 January 2021 Shareholders may not dematerialise or rematerialise their shares between Wednesday, 13 January 2021 and Friday, 15 January 2021, both days inclusive. SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement ("Full Announcement") and does not contain full or complete details. The Full Announcement can be found at: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/QFH/YESep2020.pdf and on the Company's website at https://quantumfoods.co.za/financial-reports/. With respect to the consolidated financial statements for the year ended 30 September 2020, the auditors, PricewaterhouseCoopers Inc., have issued an unqualified audit opinion in terms of the International Standards on Auditing ("Audit Report"). The Audit Report, which contains key audit matters, along with the annual financial statements are available on the Quantum Foods website at: https://quantumfoods.co.za/financial-reports/. Copies of the Full Announcement may be requested in person, at the Company's registered office or the office of the sponsor, at no charge, during office hours. Any investment decisions by investors and/or shareholders should be based on the consideration of the Full Announcement, as a whole. Wellington 26 November 2020 Corporate Advisor and Sponsor One Capital Date: 26-11-2020 03:41:00 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.