SOVEREIGN FOOD INVESTMENTS LIMITED - Closed Period Share Repurchase Programme

Closed Period 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”)


CLOSED PERIOD SHARE REPURCHASE PROGRAMME


Shareholders are advised that the Company has entered into a mandate with a broking firm in terms of
which Sovereign shares (“Shares”) will be repurchased by the Company during their closed period
(“Repurchase Programme”), which commences on 31 August 2014 until the publication of
Sovereign’s interim financial results.

A maximum aggregate amount of R7.5 million may be applied towards the Repurchase Programme.
The Shares may not be repurchased at a price greater than 10% above the weighted average trading
price of the 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 held on 12 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
29 August 2014

Sponsor
One Capital

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