RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary

Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Acceptance and vesting of shares in terms of the RCL Foods Limited
Conditional Share Plan (“the share plan”) pursuant to the conditions being
met.


Director                            :   WA De Wet
Company                             :   RCL Foods Sugar & Milling (Pty) Ltd
                                        (a major subsidiary of RCL Foods
                                        Limited)
Date of acceptance                  :   15 September 2016
Nature of transaction               :   Acceptance of ordinary shares in terms
                                        the share plan and vesting thereof
Class of securities                 :   Ordinary shares
Number of conditional shares        :   146,956
Value per share*                    :   R14.08
Total value of transaction          :   R2,069,140.48
Nature of interest                  :   Direct beneficial
Clearance obtained                  :   Yes

*5 Day VWAP as at date of application for listing being 12 September
2016

Durban
19 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/09/2016 04:10:00 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.