ASTRAL FOODS LIMITED - Allocation of Shares in Terms of Forfeitable Share Plan

Allocation of Shares in Terms of Forfeitable Share Plan

ASTRAL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/003194/06)
ISIN Code: ZAE000029757
JSE Share Code: ARL
A2X Share Code: ARL
("Astral Foods")

ALLOCATION OF SHARES IN TERMS OF FORFEITABLE SHARE PLAN

In compliance with paragraphs 3.63 – 3.74 of the JSE Limited Listings Requirements, the following information is
disclosed:

 Name of director:                 CE Schutte
 Designation:                      Chief Executive Officer
 Date of allocation:               13 December 2023

 Class of shares:                  Ordinary shares- restricted in terms of the Astral Foods
                                   Forfeitable Share Plan ("FSP")

 Number of shares awarded:         80 416
 Award price per share:            R159.9206
 Value of transaction:             R12 860 174.96
 Date of vesting:                  01 December 2026
 Nature of transaction:            Award of forfeitable shares in terms of the FSP (off-
                                   market)

 Nature of interest:               Direct beneficial
 Clearance to deal obtained:       Yes


 Name of director:                 JAI Ferreira
 Designation:                      Chief Financial Officer
 Date of allocation:               13 December 2023
 Class of shares:                  Ordinary shares- restricted in terms of the FSP

 Number of shares awarded:         18 792
 Award price per share:            R159.9206
 Value of transaction:             R3 005 227.92
 Date of vesting:                  01 December 2026
 Nature of transaction:            Award of forfeitable shares in terms of the FSP (off-
                                   market)

 Nature of interest:               Direct beneficial
 Clearance to deal obtained:       Yes


 Name of director:                 FG Van Heerden
 Designation:                      Managing Director: Commercial
 Date of allocation:               13 December 2023
 Class of shares:                  Ordinary shares- restricted in terms of the FSP

 Number of shares awarded:         16 704
 Award price per share:            R159.9206
 Value of transaction:             R2 671 313.71
 Date of vesting:                  01 December 2026
 Nature of transaction:            Award of forfeitable shares in terms of the FSP (off-
                                   market)

 Nature of interest:               Direct beneficial
Clearance to deal obtained:        Yes


Name of director:                  GD Arnold
Designation:                       Group Chief Operating Officer
Date of allocation:                13 December 2023
Class of shares:                   Ordinary shares- restricted in terms of the FSP

Number of shares awarded:          19 836
Award price per share:             R159.9206
Value of transaction:              R3 172 185.02
Date of vesting:                   01 December 2026
Nature of transaction:             Award of forfeitable shares in terms of the FSP (off-
                                   market)

Nature of interest:                Direct beneficial
Clearance to deal obtained:        Yes


Name of prescribed officer:        MJ Schmitz
Designation:                       Managing Director: Feed
Date of allocation:                13 December 2023
Class of shares:                   Ordinary shares- restricted in terms of the FSP

Number of shares awarded:          16 704
Award price per share:             R159.9206
Value of transaction:              R2 671 313.71
Date of vesting:                   01 December 2026
Nature of transaction:             Award of forfeitable shares in terms of the FSP (off-
                                   market)

Nature of interest:                Direct beneficial
Clearance to deal obtained:        Yes


Name of prescribed officer:        E Potgieter
Designation:                       Director: Risk Management
Date of allocation:                13 December 2023
Class of shares:                   Ordinary shares- restricted in terms of the FSP

Number of shares awarded:          10 788
Award price per share:             R159.9206
Value of transaction:              R 1 725 223.44
Date of vesting:                   01 December 2026
Nature of transaction:             Award of forfeitable shares in terms of the FSP (off-
                                   market)

Nature of interest:                Direct beneficial
Clearance to deal obtained:        Yes


Name of prescribed officer:        G Jordaan
Designation:                       Human Resources Executive
Date of allocation:                13 December 2023
Class of shares:                   Ordinary shares- restricted in terms of the FSP

Number of shares awarded:          10 788
Award price per share:             R159.9206
Value of transaction:              R 1 725 223.44
 Date of vesting:                  1 December 2026
 Nature of transaction:            Award of forfeitable shares in terms of the FSP (off-
                                   market)

 Nature of interest:               Direct beneficial
 Clearance to deal obtained:       Yes


 Name of company secretary:        L Marupen
 Date of transaction:              13 December 2023
 Class of shares:                  Ordinary shares- restricted in terms of the FSP

 Number of shares awarded:         3 496
 Award price per share:            R159.9206
 Value of transaction:             R 559 082.42
 Date of vesting:                  01 December 2026
 Nature of transaction:            Award of forfeitable shares in terms of the FSP (off-
                                   market)

 Nature of interest:               Direct beneficial
 Clearance to deal obtained:       Yes


Lanseria
13 December 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 13-12-2023 03:21:00
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