QUARTERLY UPDATE, TERMINATION OF LISTING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

NUTRITIONAL HOLDINGS LIMITED
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000298568)
(“the Company” or “Nutritional Holdings”)


QUARTERLY UPDATE, TERMINATION OF LISTING AND RENEWAL OF CAUTIONARY
                              ANNOUNCEMENT


Shareholders are referred to the previous SENS announcement dated 15 November
2022.

The Company has approached a new firm of auditors to assist with the audits and
has received guidance from W Consulting in terms of the approach on how to
consolidate certain of the subsidiaries of Nutritional Holdings due to the inability to
secure proper information and co-operation from Nutritional Foods Proprietary
Limited (“Nut Foods”). It is now in the process of finalising its results in order to
proceed with the audits for the years ended 28 February 2021 and 28 February 2022.

Shareholders are reminded that the liquidation of the Company has been
successfully stayed and the new court date is set for 20 January 2023. In addition,
the liquidation application for Nut Foods was moved to February 2023.

Shareholders are also advised that the termination of the listing has been formally
advised by the JSE. The Company will become a public unlisted company from
19 December 2022.

The directors and supporting shareholders/investors will continue to bring the
financial information up to date, will continue the efforts to reverse the liquidation
and continue to take legal steps to protect the underlying assets of the Company,
including Nut Foods, and to grow the business.

Once the Company has been regularised and stabilised, the Company will consider
applying for a new listing of the Company, either on the JSE or another stock
exchange in South Africa. The Company intends to retain the services of a transfer
secretary in order to continue to communicate with shareholders as well as through
its updated website at nutritionalholdings.co.za.

Accordingly, shareholders are reminded to continue to exercise caution when
dealing in their securities.

By order of the Board
Durban
13 December 2022

Date: 13-12-2022 08:24:00
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