ARL - Astral Foods Limited - Disposal of interest in Bakery Business, East

ARL - Astral Foods Limited - Disposal of interest in Bakery Business, East      
Balt South Africa Partnership                                                   
ASTRAL FOODS LIMITED                                                            
"Astral Foods"                                                                  
(Reg. No. 1978/003194/06)                                                       
(Incorporated in the Republic of South Africa)                                  
Share Code: ARL                                                                 
ISIN Code: ZAE000029757                                                         
DISPOSAL OF INTEREST IN BAKERY BUSINESS, EAST BALT SOUTH AFRICA PARTNERSHIP     
Astral has successfully concluded the sale of its 50% interest in the bakery    
business, East Balt South Africa, a bakery joint venture with East Balt of      
Africa LLC, to Fedoha Proprietary Limited for an amount of R96 million.  The    
transaction takes effect on 30 May 2012.                                        
The decision to dispose of the interest was made due to bakery activities       
being non-core to the activities of Astral Foods. The net asset value of        
Astral`s interest in East Balt South Africa was reported as R60 million in      
the 31 March 2012 interim results.                                              
East Balt South Africa operates two industrial bakeries in Gauteng and the      
Western Cape, producing primarily hamburger buns sold to fast food outlets in   
South Africa.                                                                   
The transaction is below the JSE Listings Requirements transaction thresholds   
and is for information purposes only.                                           
Pretoria                                                                        
31 May 2012                                                                     
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 31/05/2012 10:00:01 Supplied by www.sharenet.co.za                     
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