SOVEREIGN FOOD INVESTMENTS LIMITED - Further Share Repurchase Programme

Further Share Repurchase Programme

SOVEREIGN FOOD INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1995/003990/06)
JSE Code: SOV
ISIN Number: ZAE000009221
(“Sovereign” or “the Company”)

FURTHER SHARE REPURCHASE PROGRAMME

Sovereign shareholders (“Shareholders”) are referred to the announcement issued on 2 November
2012, wherein Sovereign advised that it had concluded a mandate to effect the repurchase of
Sovereign shares by the Company until 28 February 2013.

Shareholders are advised that the Company has entered into a further mandate with a broking firm
in terms of which Sovereign shares will be repurchased from 1 March 2013 until 31 August 2013
(“Repurchase Programme”).

A maximum aggregate amount of R5 million may be applied towards the Repurchase Programme.

The mandate relating to the Repurchase Programme will be irrevocable and non-discretionary
during any prohibited period as contemplated in the JSE Limited (“JSE”) Listings Requirements
(“Prohibited Period”). Any repurchases pursuant to the Repurchase Programme during a Prohibited
Period will be carried out on the JSE within certain predetermined parameters and within the limits
of the Repurchase Programme that have been agreed in writing with the broking firm.

Repurchases effected in terms of the Repurchase Programme, will be:

•     in accordance with the general authority granted by special resolution of Shareholders passed
      at the Company’s annual general meeting (“AGM”) held on 3 August 2012 (“General
      Authority”);
•     subject to the renewal of the General Authority at the 2013 AGM to be held in August 2013;
      and
•     in compliance with the relevant provisions of the JSE Listings Requirements and the
      Companies Act, No. 71 of 2008, as amended.

Port Elizabeth
28 February 2013

Sponsor
One Capital

Date: 28/02/2013 12:45:00 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.