Sharenet Sites 
Sharenet Sites
AFR - AFGRI Limited - Acquisition of Rossgro Chickens (Pty) Limited - Further announcement AFGRI Limited Registration Number: 1995/004030/06 (Incorporated in the Republic of South Africa) ISIN: ZAE000040549 JSE share code: AFR ("AFGRI" or "the Company") 1 INTRODUCTION Shareholders are referred to AFGRI`s announcement released on the Securities Exchange News Service ("SENS") of the JSE Limited ("the JSE") on Tuesday, 10 August 2010 ("the Announcement") and published in the press on Thursday, 12 August 2010, wherein shareholders were informed of AFGRI Poultry (Proprietary) Limited`s (formerly and at the time of the SENS announcement, Daybreak Farms (Proprietary) Limited) ("the Purchaser") intention to acquire, the business of Rossgro Chickens (Proprietary) Limited ("the Seller"), as a going concern, upon the fulfilment of certain suspensive conditions ("the Conditions) ("the Transaction"). 2 AMENDMENTS 2.1 The parties to the binding sale of business agreement referred to in paragraph 1 of the Announcement ("the Agreement") have entered into an addendum thereto ("the Addendum"), in terms of which the purchase price as detailed in paragraph 2.3.1 of the Announcement has been reduced by R8 000 000 from R228 000 000 to R220 000 000. 2.2 Save as disclosed in paragraph 2.1 above, there has been no significant change affecting any matter contained in the Announcement and no other significant new matter has arisen that would have been required to be mentioned in the Announcement if it had arisen at the time of the preparation of the Announcement. 3 CONDITIONS PRECEDENT Pursuant to the Addendum being entered into, the Conditions to the Transaction, referred to in paragraph 3 of the Announcement, have been fulfilled and the Transaction became unconditional on 28 January 2011. In terms of the Agreement, the effective date is the date on which the Agreement becomes unconditional or 31 January 2011, whichever is the later date. Accordingly, the effective date of the Agreement is 31 January 2011 and the closing date of the Transaction is 12 business days following such date, being 16 February 2011. Centurion 1 February 2011 Sponsor Investec Bank Limited Attorneys for the Company, AFGRI Operations and the Purchaser Webber Wentzel Attorneys for the Seller Edward Nathan Sonnenbergs Date: 01/02/2011 08:23:00 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.
