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 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 2014 until 31 August 2014 (“Repurchase Programme”). A maximum aggregate amount of R7.5 million may be applied towards the Repurchase Programme. Shares may not be repurchased at a price greater than 10% above the weighted average trading price of the Company’s shares over the five trading days preceding any particular purchase. 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 7 August 2013 (“General Authority”); - subject to the renewal of the General Authority at the 2013 AGM to be held in August 2014; 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 2014 Sponsor One Capital Date: 28/02/2014 12:13:00 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.