Trading statement for the 6 month period ended 31 December 2013 RCL FOODS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/004972/06) ISIN: ZAE000179438 Share Code: RCL (“RCL Foods" or “the Group”) TRADING STATEMENT FOR THE 6 MONTH PERIOD ENDED 31 DECEMBER 2013 The Group’s results for the 6 month period ended 31 December 2013 are due to be released on the Stock Exchange News Service of the JSE on Wednesday 19 February 2014. RCL Foods shareholders are advised that the Group expects its operating profit (earnings before interest and taxation) for the 6 month period ended 31 December 2013 to be between 380% and 400% higher than that of the 6 month period ended 31 December 2012, while its Earnings Per Share (“EPS”) from continuing operations and Headline Earnings Per Share (“HEPS”) from continuing operations for the 6 month period ended 31 December 2013 are expected to be between 60% and 80% lower than that of the 6 month period ended 31 December 2012. The results have been impacted by the following: - operating profit has been impacted by the first-time inclusion of Foodcorp results for the six months to December period; - earnings are materially affected by the significant deterioration in the Rand/Euro exchange rate from 1 July 2013 to 31 December 2013, due to its impact on the valuation of the Foodcorp Eurobond and related hedges. This is a non- cashflow mark-to-market adjustment and has been accounted for as a finance cost; - EPS and HEPS are further impacted by the dilutionary effect of additional shares in issue because of the March 2013 rights offer. The financial information on which this trading statement is based has not been reviewed and reported on by the Group’s external auditors. Durban 11 February 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11/02/2014 04:20:00 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.