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RBW – Rainbow Chicken – Exercise of options by directors of major subsidiary

RBW

RBW

RBW – Rainbow Chicken – Exercise of options by directors of major subsidiary

Rainbow Chicken Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1966/004972/06)

ISIN: ZAE000019063

Share Code: RBW

(“Rainbow”)

Exercise Of Options By Directors Of Major Subsidiary

In compliance with the JSE Limited Listings Requirements, the following

transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of

Rainbow Chicken Limited) are disclosed:

Director : S B Heath

Date of transaction : 27 May 2008

Nature of transaction : Exercise of options in terms of the Rainbow

Share Incentive Scheme

Class of securities : Options in respect of ordinary shares

Number of options exercised : 118 422

Option strike price : 20 960 options at R5.10

64 000 options at R6.65

33 462 options at R10.39

Total value of transaction : R880 166.18

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Director : C E Vauqulin

Date of transaction : 27 May 2008

Nature of transaction : Exercise of options in terms of the Rainbow

Share Incentive Scheme

Class of securities : Options in respect of ordinary shares

Number of options exercised : 107 278

Option strike price : 40 645 options at R5.10

32 000 options at R6.65

34 633 options at R10.39

Total value of transaction : R779 926.37

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Durban

30 May 2008

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30/05/2008 08:15:29 Produced by the JSE SENS Department.

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