RAINBOW CHICKEN LIMITED - Results Of Rights Offer

Results Of Rights Offer

Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/004972/06)
Share code: RBW
ISIN: ZAE000019063
(“RCL”)


RESULTS OF RIGHTS OFFER

1.    Introduction

      RCL shareholders are referred to the announcements released on SENS on 6 December 2012 and
      25 January 2013, as well as the circular to RCL shareholders issued on 11 February 2013, detailing
      RCL’s intention to raise ZAR3.9 billion in new equity capital by way of a renounceable rights offer of
      276 964 802 new RCL ordinary shares (“Rights Offer Shares”) in the ratio of 80 Rights Offer Shares
      for every 100 RCL ordinary shares held on Friday, 8 February 2013 (the “Record Date”), at a
      subscription price of R14.20 per Rights Offer Share (the “Rights Offer”).

      The Rights Offer was fully underwritten by Remgro Limited, through its wholly-owned subsidiary,
      Industrial Partnership Investments Proprietary Limited (the "Underwriter”).

2.    Results of the Rights Offer

      The Rights Offer closed at 12h00 on Friday, 1 March 2013 and RCL has successfully raised the full
      ZAR3.9 billion. The results of the Rights Offer are contained in the table below:

                                                 Number of Rights Offer           % of Rights Offer Shares
                                                                  Shares


      Rights Offer Shares available                          276 964 802                                100
      for subscription

      Rights Offer Shares subscribed                         230 503 830                               83.2
      for

      Rights Offer Shares allocated                           46 460 972                               16.8
      to the Underwriter pursuant to
      the underwriting


3.    Issue of Rights Offer Shares

      Certificated RCL shareholders registered as such on the Record Date (or their renouncees), who
      validly subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights
      Offer Shares to which they are entitled posted to them, at their own risk, today, on Monday, 4 March
      2013.
     Dematerialised RCL shareholders registered as such on the Record Date (or their renouncees),
     who validly subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker
     updated with the Rights Offer Shares to which they are entitled today, Monday, 4 March 2013.



Durban
4 March 2013



Merchant bank and sponsor to RCL

RAND MERCHANT BANK (A DIVISION OF FIRSTRAND BANK LIMITED)

Attorneys to RCL

CLIFFE DEKKER HOFMEYR INC.

Communications advisor to RCL

CAPITALVOICE PROPRIETARY LIMITED

Reporting accountants to RCL

PRICEWATERHOUSECOOPERS INC.

Date: 04/03/2013 09:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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