Exercise of phantom share rights in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan 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”) EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), shareholders of Quantum Foods are hereby advised of the following dealings in securities by executive directors of the Company: Nature of transaction: Delivery of Quantum Foods ordinary shares (“Ordinary Shares”) through the exercise of the Phantom Share Rights (“PSRs”) issued on 23 February 2017, 22 February 2018 and 11 February 2019, in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan (“Exercise”) Class of securities: Ordinary Shares Vesting date of PSRs: (1) 23 February 2022 (2) 22 February 2022 (3) 11 February 2022 Period of Exercise: Participants have until midnight on the anniversary of the relevant vesting date of PSRs to Exercise vested PSRs Date of Exercise: (1) 1 March 2022 (2) 1 March 2022 (3) 1 March 2022 Nature and extent of interest: Direct beneficial On-market or off-market: Off-market Clearance given in terms of paragraph 3.66 of the Listings Yes Requirements: Transaction 1: Name of executive director: Hendrik Albertus Lourens Number of Ordinary Shares delivered on Exercise: (1) 432 854 (2) 141 556 (3) 69 532 Price per Ordinary Share delivered on Exercise: (1) R5.3013 (2) R5.3013 (3) R5.3013 Total value of Ordinary Shares delivered on Exercise: (1) R2 294 688.91 (2) R750 430.82 (3) R368 609.99 Strike price of PSRs: (1) R3.093 (2) R3.906 (3) R4.245 Transaction 2: Name of executive director: Andre Hugo Muller Number of Ordinary Shares delivered on Exercise: (1) 96 930 (2) 41 005 (3) 18 076 Price per Ordinary Share delivered on Exercise: (1) R5.3013 (2) R5.3013 (3) R5.3013 Total value of Ordinary Shares delivered on Exercise: (1) R513 855.01 (2) R217 379.81 (3) R95 826.30 Strike price of PSRs: (1) R3.093 (2) R3.906 (3) R4.245 Wellington 7 March 2022 Corporate advisor and Sponsor One Capital Attorneys Webber Wentzel Date: 07-03-2022 04:34:00 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.