RFG HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/074392/06) JSE share code: RFG ISIN: ZAE000191979 (“RFG”) DEALINGS IN SECURITIES BY ASSOCIATE OF DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Directors: Garth Willis and Chad Smart Company: RFG Holdings Limited Name of associate: South African Investment GP Trust, as general partner of RFG Holdings Partnership Relationship to directors: Garth Willis and Chad Smart have an indirect economic interest, through discretionary trusts, in RFG Holdings Partnership. Nature of transaction: On market purchase of securities Class of securities: Ordinary shares Date of transaction: 8 July 2022 Number of securities: 5 000 Purchase price per share: R10.9977 Total value of transaction: R54 988.50 Nature of interest: Indirect beneficial, through discretionary trusts Clearance obtained: Not Required - Associate dealing Directors: Garth Willis and Chad Smart Company: RFG Holdings Limited Name of associate: South African Investment GP Trust, as general partner of RFG Holdings Partnership Relationship to directors: Garth Willis and Chad Smart have an indirect economic interest, through discretionary trusts, in RFG Holdings Partnership. Nature of transaction: On market purchase of securities Class of securities: Ordinary shares Date of transaction: 11 July 2022 Number of securities: 4 911 Purchase price per share: R10.7000 Total value of transaction: R52 547.70 Nature of interest: Indirect beneficial, through discretionary trusts Clearance obtained: Not Required - Associate dealing Groot Drakenstein 13 July 2022 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited)