RCL FOODS LIMITED - Acquisition of 49% stake in Senn Foods Logistics (Pty) Ltd

Acquisition of 49% stake in Senn Foods Logistics (Pty) Ltd

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("RCL Foods")

ACQUISITION OF 49% STAKE IN SENN FOODS LOGISTICS (PTY) LTD

RCL Foods shareholders are referred to the announcement released
on the Stock Exchange News Service on Friday, 7 March 2014,
wherein shareholders were advised that RCL Foods, through one of
its operating subsidiaries Vector Logistics (Pty) Ltd, had entered
into an agreement to acquire a 49% shareholding in Senn Foods
Logistics (Pty) Ltd of Botswana, for P65.5m (R79.9m) (“the
acquisition”).

The acquisition was subject to regulatory approvals in Botswana
and South Africa, and RCL Foods is pleased to confirm that the
necessary approvals have been obtained and that the acquisition is
unconditional.

Senn Foods Logistics is the largest cold chain distribution
business in Botswana and is involved in the distribution of dry,
frozen and chilled foodstuffs. The business currently represents
almost all of Vector’s principals in Botswana including Rainbow,
McCain, I&J and Fry’s as well as QSR customers Chicken Licken,
Nando’s, Spur and Wimpy.

The acquisition is in line with RCL Foods’ growth aspirations into
Africa and Vector’s long term strategy to extend its reach into
other African countries and to offer world class logistics and
sales solutions to existing and future partners in these
countries.

Durban
9 May 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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