RCL FOODS LIMITED - Revised Trading Statement

Revised Trading Statement

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")

REVISED TRADING STATEMENT

Shareholders are referred to the Trading Statement issued on SENS on 5 August 2014 advising
that the Group expected its earnings per share ("EPS") and headline earnings per share ("HEPS")
from continuing operations to be losses of between 50 and 60 cents ("the previous Trading
Statement").

The Group is finalising its results for the year ended 30 June 2014 and advises shareholders of the
following, which replaces the range quoted above:

    -   EPS and HEPS are expected to be losses of between 45 and 50 cents compared to profits
        of 4.5 cents and 4.8 cents respectively for the comparable period.

The improvement from the previous Trading Statement relates to a change in the finalisation of
the preliminary purchase price allocation in respect of the New Foodcorp Holdings Proprietary
Limited acquisition, which has adjusted the June 2013 opening balance sheet.

The Group's results for the year ended 30 June 2014 are expected to be released on SENS on or
about 27 August 2014. Accompanying these results the Group will release a set of pro-forma
results, based on the assumption that all of the corporate activities (as described in the previous
Trading Statement) occurred on 30 June 2013, in order to provide shareholders with a better
understanding of the underlying performance of the Group for the year ended 30 June 2014.

The financial information on which this revised trading statement is based has not been reviewed
and reported on by the Group's external auditors.

Durban
18 August 2014


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

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