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RBW – Rainbow – Exercise Of Options And Sale Of Se

RBW

RBW

RBW – Rainbow – Exercise Of Options And Sale Of Securities By Directors Of

Rainbow Chicken Limited And 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”)

In compliance with the JSE Limited Listings Requirements, and as a consequence

of the offer by Remgro Limited to minority shareholders of Rainbow and the

subsequent alternative offer (“the Remgro offer”), the following transactions

made by directors of Rainbow are disclosed:

Director : M Dally

Date of transaction : 25 June 2007

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 : 2 705 188

Option strike price : 2 473 188 options at R3.45

232 000 options at R6.65

Total value of transaction : R10 075 298.60

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 2 305 188

Selling price : R16.00 per share

Total value of transaction : R36 883 008.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Director : R H Field

Date of transaction : 25 June 2007

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 : 277 445

Option strike price : 67 433 options at R3.55

16 102 options at R5.10

65 910 options at R5.30

128 000 options at R6.65

Total value of transaction : R1 522 030.35

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 228 411

Selling price : R16.00 per share

Total value of transaction : R3 654 576.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Group Secretary : S B Heath

Date of transaction : 25 June 2007

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 : 106 588

Option strike price : 21 628 options at R3.55

20 960 options at R5.10

64 000 options at R6.65

Total value of transaction : R609 275.40

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 106 588

Selling price : R16.00 per share

Total value of transaction : R1 705 408.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

In compliance with the JSE Limited Listings Requirements, and as a consequence

of the Remgro offer, the following transactions made by directors of Rainbow

Farms (Pty) Ltd (a major subsidiary of Rainbow Chicken Ltd) are disclosed:

Director : C D Creed

Date of transaction : 25 June 2007

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 : 61 196

Option strike price : 21 196 options at R5.10

40 000 options at R6.65

Total value of transaction : R374 099.60

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 61 196

Selling price : R16.00 per share

Total value of transaction : R979 136.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Director : M P W Rogowski

Date of transaction : 25 June 2007

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 : 233 488

Option strike price : 112 170 options at R3.55

73 318 options at R5.10

48 000 options at R6.65

Total value of transaction : R1 091 325.30

Nature of transaction : Subsequent sale of securities

Class of securities : Ordinary shares

Number of securities : 233 488

Selling price : R16.00 per share

Total value of transaction : R3 735 808.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Director : P C Tozer

Date of transaction : 25 June 2007

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 : 197 955

Option strike price : 46 542 options at R3.55

111 413 options at R5.10

40 000 options at R6.65

Total value of transaction : R999 430.40

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 197 955

Selling price : R16.00 per share

Total value of transaction : R3 167 280.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Director : C E Vauqulin

Date of transaction : 25 June 2007

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 : 130 567

Option strike price : 57 923 options at R3.55

40 644 options at R5.10

32 000 options at R6.65

Total value of transaction : R625 711.05

Nature of transaction : Subsequent sale of securities

in terms of the Remgro offer

Class of securities : Ordinary shares

Number of securities : 130 567

Selling price : R16.00 per share

Total value of transaction : R2 089 072.00

Nature and extent of interest : Direct beneficial

Clearance obtained : Yes

Durban

26 June 2007

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 26/06/2007 14:50:19 Produced by the JSE SENS Department.