Dealings In Securities By Associates Of Directors And Disclosure Of Disposal And Acquisition Of Securities Nutritional Holdings (Registration number 2004/002282/06) (Incorporated in the Republic of South Africa) Share Code: NUT ISIN: ZAE000156485 (“Nutritional Holdings” or “the Company”) DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS AND DISCLOSURE OF DISPOSAL AND ACQUISITION OF SECURITIES DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited (“JSE Listings Requirements”), the following information is disclosed: DIRECTOR: AR Pinfold COMPANY: Nutritional Holdings Limited STATUS: Non-executive director ASSOCIATE: Pop-Up Trading 39 Proprietary Limited RELATIONSHIP WITH DIRECTOR: Director of the associate TYPE OF SECURITIES: Shares CLASS OF SECURITIES: Ordinary DATE OF TRANSACTION: 28 January 2014 NUMBER OF SECURITIES TRANSACTED: 50 761 421 CENTS PER SHARE: 1.97 TOTAL RAND VALUE OF SECURITIES: R999 999.99 NATURE OF TRANSACTION: Sale(Off-market transaction) NATURE AND EXTENT OF INTEREST IN Indirect, beneficial THE TRANSACTION: CLEARANCE OBTAINED: Not required DIRECTORS: RS Etchells (“RSE”) JA Etchells (“JAE”) COMPANY: Nutritional Holdings Limited STATUS: RSE: Executive director (CEO) JAE: Non-executive director ASSOCIATE: Etchells Family Trust RELATIONSHIP WITH DIRECTORS: RSE is a trustee of the associate JAE is a trustee and beneficiary of the associate TYPE OF SECURITIES: Shares CLASS OF SECURITIES: Ordinary DATE OF TRANSACTION: 28 January 2014 NUMBER OF SECURITIES TRANSACTED: 47 428 088 CENTS PER SHARE: 1.97 TOTAL RAND VALUE OF SECURITIES: R934 333.33 NATURE OF TRANSACTION: Purchase (Off-market transaction) NATURE AND EXTENT OF INTEREST IN RSE: Indirect, non-beneficial THE TRANSACTION: JAE: Indirect, beneficial CLEARANCE OBTAINED: Not required DISCLOSURE OF DISPOSAL & ACQUISITION OF SECURITIES In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following movement in securities of the Company: - Pop-Up Trading 39 Proprietary Limited (“Pop-Up Trading”) has disposed of an interest in the securities of the Company such that the total direct and indirect interest in the securities of the Company held by Pop-Up Trading together with its related and/or inter-related persons has been reduced to 23.75% of the total issued share capital of the Company; and - The Etchells Family Trust has acquired an interest in the securities of the Company such that the total direct and indirect interest in the securities of the Company held by the Etchells Family Trust together with its related and/or inter- related persons has increased to 7.09% of the total issued share capital of the Company. Durban 29 January 2014 Designated adviser: PSG Capital Proprietary Limited Date: 29/01/2014 05:30:00 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.