AVL Scheme of arrangement approved Zeder Investments Limited (Incorporated in the Republic of South Africa) Registration Number: 2006/019240/06 Share Code: ZED ISIN Code: ZAE000088431 (“Zeder”) Agri Voedsel Limited (Incorporated in the Republic of South Africa) Registration Number: 2007/015880/06 (“AVL”) AVL SCHEME OF ARRANGEMENT APPROVED Shareholders of Zeder and AVL are referred to the joint SENS announcements by Zeder and AVL on 25 June 2014, 25 July 2014 and 15 August 2014 regarding the proposed scheme of arrangement (“Scheme”) between AVL and its shareholders, in terms of which Zeder will acquire all the shares in AVL, not already held by Zeder, and are advised that the Scheme was today approved by shareholders, as set out below. RESULTS OF GENERAL MEETING OF ZEDER SHAREHOLDERS Shareholders are advised that at the general meeting of Zeder shareholders held today, 15 September 2014, all resolutions required for the approval and the implementation of the Scheme were passed. RESULTS OF GENERAL MEETING OF AVL SHAREHOLDERS Shareholders are referred to AVL’s and Zeder’s combined circular to AVL shareholders dated 15 August 2014 (“Scheme Circular”), setting out the particulars of the Scheme. Shareholders are advised that at the general meeting of AVL shareholders held today, 15 September 2014 the Scheme was approved by the adoption of the necessary special resolution. IMPORTANT DATES AND TIMES Shareholders are referred to the important dates and times section of the Scheme Circular (which is available on Zeder’s website at www.zeder.co.za and on AVL’s website at www.kaapagri.co.za), which sets out the remaining important dates and times relating to the Scheme. SURRENDER OF DOCUMENTS OF TITLE In order to avoid any delays for AVL shareholders to receive their new Zeder shares following implementation of the Scheme, AVL shareholders are requested to lodge their original signed and completed forms of surrender, transfer and acceptance (as included in the Scheme Circular sent to them) and supporting documentation, with AVL’s transfer secretary or with AVL’s company secretary at the addresses specified in the Scheme Circular. Please refer to the section entitled “Action required by AVL Shareholders in relation to the Scheme” in the Scheme Circular for further guidance in this regard. Stellenbosch 15 September 2014 PSG Capital: Transaction adviser and sponsor to Zeder Date: 15/09/2014 03:00:00 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.