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ASTRAL FOODS LIMITED - Operational Update

Release Date: 02/08/2017 13:40
Code(s): ARL     PDF:  
Wrap Text
Operational Update

ASTRAL FOODS LIMITED
“Astral Foods”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

OPERATIONAL UPDATE

Shareholders are referred to the press release published on
22 June 2017 confirming that a strain of Avian Influenza (AI)
known as H5N8 had been isolated on one of Astral Foods’
breeding sites based in the Villiers district. The direct
cost impact of this outbreak amounted to approximately
R25 million.

Despite taking extreme measures to contain any further outbreak
of the AI at our operations, a second outbreak has been
isolated and confirmed on 1 August 2017 in one poultry shed on
a breeding farm consisting of 48 poultry sheds in the
Standerton area, on the banks of the Grootdraai Dam. This new
outbreak is being handled with extreme care, diligence and with
the experience gained from the first outbreak.

The financial impact to date of this second outbreak is still
limited, and possible future costs cannot be determined as it
depends on whether the outbreak will spread further. It is not
foreseen at this stage that this incident will impact broiler
supply to the processing plants or the supply of chicken to the
market.

The information on which the operational update is based has
not been reviewed and reported on by Astral Foods’ auditors.

Pretoria
2 August 2017

Nedbank Corporate and Investment Banking, a division of Nedbank
Limited
Sponsor

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