RAINBOW CHICKEN LIMITED - Voluntary announcement relating to the disposal by Foodcorp Proprietary Limited (Foodcorp) of its fishing division

Voluntary announcement relating to the disposal by Foodcorp Proprietary Limited (“Foodcorp”) of its fishing division

Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/004972/06)
Share code: RBW
ISIN: ZAE000019063
(“RCL”)


VOLUNTARY ANNOUNCEMENT RELATING TO THE DISPOSAL BY FOODCORP PROPRIETARY
LIMITED (“FOODCORP”) OF ITS FISHING DIVISION

Shareholders are referred to the announcement released on SENS on 29 April 2013, relating to RCL’s
acquisition of an effective 64.2% of New Foodcorp Holdings Proprietary Limited (“New Foodcorp
Holdings”). Shareholders are advised that Foodcorp, a 100% subsidiary of New Foodcorp Holdings, has
concluded Heads of Agreement with Oceana Group Limited (“Oceana”) for the disposal by Foodcorp of its
fishing division to Oceana in a transaction worth R445 million (“the Transaction”).

Among other conditions, the Transaction is subject to the following material conditions precedent:

    -     transfer of the fishing rights acquired being approved by the Department of Agriculture, Forestry
          and Fisheries;
    -     approval by the Competition Authorities; and
    -     conclusion of a formal agreement containing detailed terms of the Transaction.

For further details regarding the Transaction, shareholders are referred to the voluntary announcement
released simultaneously today by Oceana.



Durban
4 June 2013



Merchant Bank and Sponsor to RCL

RAND MERCHANT BANK (A DIVISION OF FIRSTRAND BANK LIMITED)

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