Operational update and trading statement 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”) OPERATIONAL UPDATE AND TRADING STATEMENT OPERATIONAL UPDATE Shareholders of Quantum Foods (“Shareholders”) are referred to the trading update announcement for the 4-month period ended 31 January 2022 published by the Company on SENS on 24 February 2022 (“Trading Update”). The Company’s operations for the 2-month period from 1 February 2022 to 31 March 2022 remained consistent with the information as set out in the Trading Update. TRADING STATEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period. Shareholders are hereby advised that for the 6-month period ended 31 March 2022 (“Current Reporting Period”) a reasonable degree of certainty exists that: • headline earnings per share (“HEPS”) of the Company will be between 14.5 cents and 17.1 cents compared to HEPS of 26.9 cents reported in the 6-month period ended 31 March 2021 (“Previous Corresponding Period”), being a decrease of between 36% and 46%; and • earnings per share (“EPS”) of the Company will be between 15.2 cents and 17.8 cents compared to EPS of 26.9 cents reported in the Previous Corresponding Period, being a decrease of between 34% and 44%. EPS and HEPS for the Current Reporting Period were largely impacted by an outbreak of highly pathogenic avian influenza at the Lemoenkloof layer farm, further details of which were disclosed in the Trading Update and remain unchanged. The direct loss associated with the culling of approximately 400 000 layer hens, and subsequent clean- up costs at the Lemoenkloof layer farm in the Current Reporting Period, amounted to approximately R24 million and resulted in a decline of approximately 8.6 cents in both HEPS and EPS, for the Current Reporting Period when compared to the Previous Corresponding Period. The insurance claim in respect of the abovementioned costs is in process and has not advanced sufficiently in order to include any recovery of loss in the Current Reporting Period. The financial information contained in this announcement is the responsibility of the board of directors of the Company and has not been reviewed or reported on by external auditors. The financial results for the 6-month period ended 31 March 2022 are expected to be published on SENS on or about Friday, 27 May 2022. Wellington 17 May 2022 Corporate advisor and Sponsor One Capital Attorneys Webber Wentzel Date: 17-05-2022 05:00:00 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.