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”) ACCEPTANCE OF GRANTED PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN In compliance with paragraphs 3.63 to 3.66 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 and a director of a major subsidiary of the Company: Nature of transaction: Acceptance of Phantom Share Rights (“PSRs”) in terms of the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan Class of securities: PSRs linked to Quantum Foods ordinary shares (“Ordinary Shares”) Date of PSRs grant: 23 February 2023 Strike price of PSRs: R4.743 Vesting dates of PSRs: 23 February 2026, 23 February 2027 and 23 February 2028 Period of exercise: Participants will have until midnight on the anniversary of the relevant vesting date to exercise vested PSRs Nature and extent of interest: Direct beneficial On-market or off-market: Off-market Clearance given in terms of paragraph 3.66 of the Yes Listings Requirements: Transaction 1: Name of executive director of the Company: Hendrik Albertus Lourens Date of acceptance of the PSRs: 2 March 2023 Number of PSRs granted and accepted: 1 891 234 Total value of transaction: Refer to note 3 below Transaction 2: Name of executive director of the Company: Andre Hugo Muller Date of acceptance of the PSRs: 2 March 2023 Number of PSRs granted and accepted: 544 220 Total value of transaction: Refer to note 3 below Transaction 3: Name of director of Quantum Foods Proprietary Limited, Roelof Viljoen a major subsidiary of the Company: Date of acceptance of the PSRs: 2 March 2023 Number of PSRs granted and accepted: 477 174 1 Total value of transaction: Refer to note 3 below Notes: 1. 50% of the granted PSRs are time-based and will vest in 3 tranches of 33.33% each on the vesting dates specified above. 2. 50% of the granted PSRs are performance-based and will vest in 3 tranches of 33.33% each on the vesting dates specified above, subject to a formula based on, inter alia, the compounded annual growth rate (“CAGR”) of the Company’s adjusted headline earnings per share (“HEPS”) from baseline HEPS. The CAGR is measured from the financial year prior to the date of grant of the PSRs to the financial year prior to the date of exercise. 3. The total number of Ordinary Shares that will be settled pursuant to the exercise of vested PSRs will be determined in accordance with, inter alia, a formula based on the increase in the Ordinary Share price from the date of grant of the PSRs to the date of exercise. Accordingly, the total number of Ordinary Shares that will be settled and the total value thereof, will only be determined at a future date. 4. A further announcement will be published on SENS following the exercise of vested PSRs, disclosing the exact number of Ordinary Shares settled and the total value thereof, in accordance with the Listings Requirements. Wellington 2 March 2023 Corporate advisor and Sponsor One Capital Attorneys Webber Wentzel 2