RCL FOODS LIMITED - Dealings in securities by directors of a major subsidiary

Dealings in securities by directors of a major subsidiary

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

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director                     :   C D Creed
Company                      :   Vector Logistics (Pty) Ltd

Date of transaction          :   3 June 2014
Nature of transaction        :   Off market acceptance and exercise of
                                 options
Class of securities          :   Options in respect of ordinary shares
Number of options accepted
and exercised                :   139,119
Option grant date            :   22 May 2008
Option grant price           :   R13.21
Total value of transaction   :   R1,837,761.99
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   139,119
Selling price                :   R16.50
Total value of transaction   :   R2,295,463.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   Off market acceptance and exercise of
                                 share appreciation rights
Class of securities          :   Share appreciation rights equating to
                                 28,381 ordinary shares
Number of rights accepted
and exercised                :   176,730
Rights award date            :   1 August 2009
Rights award price           :   R14.27
Total award value            :   R2,521,937.10
Rights exercise price        :   R17.00
Total exercise value         :   R3,004,414.10
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   28,381
Selling price                :   R17.00
Total value of transaction   :   R482,477.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   Off market acceptance and exercise of
                                 share appreciation rights
Class of securities          :   Share appreciation rights equating to
                                 12,062 ordinary shares
Number of rights accepted
and exercised                :   90,334
Rights award date            :   2 June 2010
Rights award price           :   R14.73
Total award value            :   R1,330,619.82
Rights exercise price        :   R17.00
Total exercise value         :   R1,535,673.82
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   12,062
Selling price                :   R17.00
Total value of transaction   :   R205,054.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   18,961
Selling price                :   R16.50
Total value of transaction   :   R312,856.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   4 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   50,039
Selling price                :   R16.50
Total value of transaction   :   R825,643.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Director                     :   S Pillay
Company                      :   Vector Logistics (Pty) Ltd

Date of transaction          :   3 June 2014
Nature of transaction        :   Off market acceptance and exercise of
                                 options
Class of securities          :   Options in respect of ordinary shares
Number of options accepted
and exercised                :   45,416
Option grant date            :   22 May 2008
Option grant price           :   R13.21
Total value of transaction   :   R599,945.36
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Date of transaction          :   3 June 2014
Nature of transaction        :   On market sale of securities
Class of securities          :   Ordinary shares
Number of securities         :   45,416
Selling price                :   43,916 shares at R16.50 and 
                                 1,500 shares at R16.51
Total value of transaction   :   R749,379.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Durban
5 June 2014

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

Date: 05/06/2014 01:49:00 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.