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Rainbow joint hatchery operation announcement

Further to the announcements released on SENS on 4 February 2013 and 9 May 2013 relating to the purchase of a 49% shareholding in Zambeef”s 100% subsidiary Zam Chick Ltd., Rainbow shareholders are advised that agreement has been reached with Zambeef to establish a broiler parent stock rearing, laying and hatching operation, Zamhatch Ltd., for the supply of day old chicks. Rainbow and Zambeef will own 51% and 49% respectively of the new Zamhatch business, which is expected to become operational over the next two to three years.