CAUTIONARY ANNOUNCEMENT

Shareholders are hereby informed that the Company has been approached to explore a material transaction which may have an effect on the share price of the Company if accepted and implemented. The anticipated corporate activity is in keeping with Pioneer Foods’ strategic direction. Shareholders are advised that whilst the Company is exploring the merits of the proposed transaction, no final decision has been taken by the Company’s board, and accordingly shareholders should exercise caution until a further announcement is made.

Tyger Valley
7 March 2017

Sponsor
PSG Capital

Media Contact

Leanne Koopman
Manager, Group Communication

Glacier Place
1 Sportica Crescent
Tygervalley
7530
South Africa

Tel: +27 21 974 4098

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