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 that executive directors of the Company (including the newly appointed chief executive officer of the Company (“CEO”)) and a director of a major subsidiary of the Company, exercised Phantom Share Rights (“PSRs”) issued by the Company under the Quantum Foods Holdings Limited Equity Settled Phantom Share Plan (“Scheme”) on 11 February 2019, 17 February 2020 and 15 February 2021, (“PSR Exercises”). The exercised PSRs are settled in ordinary shares in the Company (“Shares”). The PSR Exercises were effected, and clearance in respect thereof was granted in terms of paragraph 3.66 of the Listings Requirements, on 8 March 2024, after the Company published an announcement on SENS providing shareholders of the Company with an update regarding the recent trading in the Company’s securities. Details of PSRs: Vesting date of PSRs: (1) 11 February 2024 (2) 17 February 2024 (3) 15 February 2024 Exercise period: Participants must exercise vested PSRs by no later than midnight on the first anniversary of the vesting date Date of exercise: (1) 8 March 2024 (2) 8 March 2024 (3) 8 March 2024 Price per Share on the exercise date: (1) R7.2865 (2) R7.2865 (3) R7.2865 Strike price of PSRs: (1) R4.145 (2) R3.565 (3) R6.085 Nature and extent of interest: Direct beneficial On-market or off-market: Off-market Transaction 1: Name of executive director of the Company: Hendrik Albertus Lourens Number of Shares to be settled following the PSR (1) 137 442 Exercise: (2) 119 555 (3) 32 120 Total value of Shares to be settled: (1) R 1 001 475.12 (2) R 871 140.97 (3) R 234 043.31 1 Transaction 2: Name of executive director of the Company: André Hugo Muller Number of Shares to be settled following the PSR (1) 35 732 Exercise: (2) 36 904 (3) 8 439 Total value of Shares to be settled: (1) R 260 362.25 (2) R 268 902.07 (3) R 61 491.02 Transaction 3: Name of director of a major subsidiary of the Company: Roelof Viljoen Name of major subsidiary: Quantum Foods Proprietary Limited Number of Shares to be settled following the PSR (1) 35 045 Exercise: (2) 31 141 (3) 7 769 Total value of Shares to be settled: (1) R 255 356.41 (2) R 226 909.80 (3) R 56 609.04 Transaction 4: Name of CEO: Adel Deidré van der Merwe Number of Shares to be settled following the PSR (1) 33 817 Exercise: (2) 33 528 (3) 7 983 Total value of Shares to be settled: (1) R 246 408.55 (2) R 244 302.74 (3) R 58 168.36 The PSR Exercises together with the exercise of vested PSRs by other participants of the Scheme, will result in the settlement of 1 173 436 Shares in aggregate. Wellington 11 March 2024 Corporate advisor and Sponsor One Capital Attorneys Webber Wentzel 2