Pioneer Food Group Ltd. provided earnings guidance for the six months to March 31, 2012. Earnings and headline earnings per share for the six months to March 31, 2012 are expected to decrease by between 42% and 49% compared to the corresponding period of the previous year. Adjusted earnings and adjusted headline earnings per share, excluding the IFRS charge of ZAR 160 million, are expected to decline by between 4% and 12% compared to the corresponding period of the previous year.