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") TRADING STATEMENT Shareholders are advised that RCL Foods expects that its earnings per share from continuing operations ("EPS") and its combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 96 cents (EPS +310.1%; combined EPS +331.9%) and 104 cents (EPS +327.6%; combined EPS +351.2%) versus the EPS loss of 45.7 cents and combined EPS loss of 41.4 cents for the corresponding year ended 30 June 2014. The headline earnings per share from continuing operations ("HEPS") and combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 108 cents (HEPS +326.4%; combined HEPS +348.8%) and 116 cents (HEPS +343.2%; combined HEPS +367.3%) versus the HEPS loss of 47.7 cents and combined HEPS loss of 43.4 cents for the corresponding year ended 30 June 2014. The increase in EPS and HEPS is largely as a result of: - Improved trading from the poultry and sugar operations - Foreign exchange losses relating to the Eurobond in the prior year The Group’s results for the year ended 30 June 2015 are expected to be released on SENS on or about 1 September 2015. The financial information on which this trading statement is based has not been reviewed and reported on by the Group’s external auditors. Durban 19 August 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/08/2015 05:05:00 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.