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SOV/SOVN - Sovereign Food Investments Limited - Directors` dealings in securities in respect of the renounceable rights offer by Sovereign Sovereign Food Investments Limited Incorporated in the Republic of South Africa Registration number 1995/003990/06 JSE code: SOV ISIN: ZAE000009221 JSE code for Letters of Allocation: SOVN ISIN for Letters of Allocation: ZAE000152856 ("Sovereign" or "the Company") DIRECTORS` DEALINGS IN SECURITIES IN RESPECT OF THE RENOUNCEABLE RIGHTS OFFER BY SOVEREIGN 1. Introduction Sovereign shareholders ("Shareholders") are referred to the announcement released by the Company on the Securities Exchange News Service ("SENS") on Monday, 21 February 2011, regarding the partially underwritten renounceable rights offer of 31 578 947 new Sovereign ordinary shares at a subscription price of 475 cents per new ordinary share ("Rights Offer") and the related circular, providing details of the Rights Offer, which was posted to Shareholders on that day. 2. Closed Period The record date of the Rights Offer will occur in a closed period, which will commence on 28 February 2011 until the date of the publication of Sovereign`s results for the year ended 28 February 2011 ("Closed Period"). In light of the commencement of the Closed Period, Shareholders are accordingly advised that the following directors of the Company, Mr C Coombes and Mr M J B Davis intend to follow their rights with respect to 135 062 nil paid letters of allocation ("NPLs") listed in terms of the Rights Offer which they collectively hold as a result of either their direct or indirect interests in the issued share capital of the Company or through the acquisition of NPLs since the commencement of the Rights Offer. A further announcement will be published once the Rights Offer has closed providing further details of the acquisition of Rights Offer shares by these directors as a result of them exercising their rights with respect to the NPLs held by them. 28 February 2011 Port Elizabeth Sponsor: One Capital Date: 01/03/2011 07:05:31 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
