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Tue 3 Jun 2008, 15:18 PFG - Pioneer Food Group Limited - Exercise of options by director
PFG
PFG                                                                             
PFG - Pioneer Food Group Limited - Exercise of options by director              
PIONEER FOOD GROUP LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/017676/06)                                            
JSE share code: PFG                                                             
ISIN: ZAE000118279                                                              
("Pioneer Foods" or "the company")                                              
EXERCISE OF OPTIONS BY DIRECTOR                                                 
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
Pioneer Foods advises that the following options to purchase shares in the      
company have been exercised by a director:                                      
Name of director:          Martin Tertius Swanepoel                             
                                                                                
Nature of transaction:     Exercise of options                                  
                                                                                
Date of transaction:       30 May 2008                                          
                                                                                
Total number of options    130 000                                              
exercised:                                                                      
Strike price of options:   R 8,7486                                             
                                                                                
Total value:               R 1 137 318                                          
                                                                                
Class of securities:       Ordinary shares                                      
                                                                                
Interest in transaction:   Direct beneficial                                    
                                                                                
Clearance to deal          Yes                                                  
obtained:                                                                       
                                                                                
Paarl                                                                           
3 June 2008                                                                     
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 03/06/2008 15:18:01 Produced by the JSE SENS Department.                  
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