ASTRAL FOODS LIMITED - DISPOSAL OF 25% INTEREST IN NUTEC SOUTHERN AFRICA (PTY) LIMITED

DISPOSAL OF 25% INTEREST IN NUTEC SOUTHERN AFRICA (PTY) LIMITED

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 25% INTEREST IN NUTEC SOUTHERN AFRICA (PTY) LIMITED


Astral has successfully concluded the sale of 25% of its
interest in the premix business, Nutec Southern Africa (Pty)
Limited, to Cargill RSA (Pty) Limited for an amount of R61
million.

The decision to dispose of the interest was taken to allow
Cargill’s animal nutrition business to invest in the
redevelopment of the Nutec facility, and simultaneously expand
premix sales into African markets.   As a result, Astral’s
remaining 25% interest will be in a larger speciality premix
business.

Nutec Southern Africa (Pty) Limited manufactures and markets
vitamin and mineral premixes for animal feed and distributes a
wide range of feed additives, and commodity and speciality raw
materials.

The transaction is below the JSE Listings Requirements
transaction thresholds and is for information purposes only.

Pretoria
14 December 2012

Sponsor
J.P. Morgan Equities South Africa (Pty)Limited

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