GEN - General - Country Bird Holdings Pty Ltd - Announcement that the CBH offer is unconditional as to acceptances Country Bird Holdings Proprietary Limited Incorporated in the Republic of South Africa (Registration number 2005/008505/07) (“CBH”) ANNOUNCEMENT THAT THE CBH OFFER IS UNCONDITIONAL AS TO ACCEPTANCES Sovereign shareholders (“Sovereign Shareholders”) are referred to the announcement released by CBH on SENS on Wednesday, 6 July 2016 (“Firm Intention Announcement”) and the circular to Sovereign Shareholders dated Monday, 11 July 2016 (“Offer Circular”) in relation to the conditional cash offer by CBH to acquire the entire ordinary share capital of Sovereign other than those ordinary shares already held by CBH and its concert parties and other than the ordinary shares held by Sovereign’s subsidiaries (“Offer”). As set out in paragraph 4 of the Firm Intention Announcement and paragraph 5.4 of the Offer Circular, the Offer is subject to a number of conditions precedent including, inter alia, that the Offer will become unconditional once sufficient acceptances have been received from Sovereign Shareholders such that CBH, together with its concert parties, will hold at least 50.0% plus 1 of the total issued share capital of Sovereign (including treasury shares) after the implementation of the Offer (“Acceptance Condition”). Sovereign Shareholders are hereby notified that CBH has waived the Acceptance Condition and as such, the Offer is now unconditional as to acceptances. The Offer does, however, remain conditional on the remaining conditions precedent set out in paragraph 4 of the Firm Intention Announcement and paragraph 5.4 of the Offer Circular. Johannesburg 13 September 2016 Financial advisor: Investec Bank Limited Legal advisor: Kern & Partners Competition law advisor: Bowman Gilfillan Date: 13/09/2016 10:25:00 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.