Acquisition of business assets of Deemster Proprietary Limited (“Deemster”): agreement unconditional RHODES FOOD GROUP HOLDINGS LIMITED (Previously Rhodes Food Group Holdings Proprietary Limited) (Incorporated in the Republic of South Africa) Registration number 2012/074392/06 JSE share code: RFG ISIN: ZAE000191979 (“the Company”) ACQUISITION OF BUSINESS ASSETS OF DEEMSTER PROPRIETARY LIMITED (“DEEMSTER”): AGREEMENT UNCONDITIONAL Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“SENS”) on 20 February 2015 (“Acquisition Announcement”) regarding the Company’s wholly owned subsidiary, Rhodes Food Group Proprietary Limited (“Rhodes Food”) having concluded an agreement relating to the acquisition by Rhodes Food of the business assets of Deemster from Deemster (“Deemster Acquisition”), which acquisition was subject to the fulfilment or waiver, as the case may be, of certain conditions precedent. Shareholders are further referred to the announcement released on SENS on 31 July 2015 (“Supplementary Announcement”) regarding Rhodes Food and Deemster having received a notification from the Competition Commission (“Notice”) requesting that, in terms of section 13(3) of the Competition Act and the Competition Commission Rule 25, Rhodes Food and Deemster are required to notify the Competition Commission of the Deemster Acquisition as a proposed merger, within 20 business days after receipt of the Notice. Further to the Acquisition Announcement and the Supplementary Announcement, the Company’s board of directors is pleased to advise that the Competition Commission has approved the Deemster Acquisition and the remaining conditions precedent thereto have been fulfilled (or waived, as the case may be), and the Deemster Acquisition has therefore become unconditional. The effective date of the Deemster Acquisition is 1 October 2015. Groot Drakenstein 4 September 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 04/09/2015 08:17:00 Supplied by www.sharenet.co.za 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.