Trading statement 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”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period. Accordingly, Sovereign shareholders are advised that the Company’s earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year ending 28 February 2015 are expected to be more than 20% higher than those of the of the previous corresponding period, i.e. EPS and HEPS are expected to be at least 70.20 cents (2014: 58.5 cents) and 72.24 cents (2014: 60.2 cents) per share respectively. The Company will provide shareholders with an updated trading statement range, when there is a more reasonable degree of certainty. The Company’s auditors have not reviewed or reported on the financial information on which this trading statement is based. Shareholders are advised that the Company’s results for the year ending 28 February 2015 are expected to be published on or about 15 May 2015. Port Elizabeth 17 February 2015 Sponsor One Capital Date: 17/02/2015 09:00:00 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.