Competition Tribunal Sets Aside Country Bird Merger Approval SOVEREIGN FOOD INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number: 1995/003990/06 JSE Code: SOV ISIN: ZAE000009221 (“Sovereign”) COMPETITION TRIBUNAL SETS ASIDE COUNTRY BIRD MERGER APPROVAL Sovereign shareholders (“Shareholders”) are referred to the conditional merger approval in respect of the intermediate merger between Sovereign and Country Bird Holdings Proprietary Limited (“Country Bird”) granted by the Competition Commission on 15 November 2016 (“Merger Approval”). On 29 November 2016, Sovereign brought an application for the review and the setting aside of the Merger Approval. This action was pursued as a result of the ruling by the Takeover Special Committee that Country Bird’s offer to acquire more than 50% of Sovereign’s issued ordinary shares (“Offer”) lapsed following Country Bird’s unlawful attempt to waive the minimum acceptances condition to the Offer. Shareholders are hereby advised that on 13 September 2017, Sovereign's review application was successful and that the Competition Tribunal of South Africa has set aside the Merger Approval. The matter has been referred back to the Competition Commission for reconsideration. Port Elizabeth 14 September 2017 Corporate advisor and sponsor One Capital Attorneys to Sovereign Cliffe Dekker Hofmeyr Inc. Date: 14/09/2017 07:30:00 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.
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