RFG subsidiary buys shares for employee share plan settlement

RFG Holdings Limited announced that its major subsidiary, RFG Foods Proprietary Limited, has purchased RFG shares on the open market. This transaction, executed on December 18, 2025, is in accordance with the rules of The RFG Holdings Limited 2021 Share Plan. The purpose of the purchase is to fulfill the settlement of conditional performance shares and forfeitable restricted shares. The transaction involved ordinary shares and was classified as an on-market purchase, with clearance obtained prior to execution.

A total of 2,727,736 shares were acquired at a purchase price of R22.7113 per share. This brings the total value of the transaction to R61,950,430.62. The nature of interest is direct beneficial.

The announcement was made from Groot Drakenstein on December 19, 2025. Rand Merchant Bank (a division of FirstRand Bank Limited) is the sponsor for RFG Holdings Limited.