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RCL FOODS LIMITED – Dealings in Securities by Directors and Company Secretary and Directors of Major Subsidiaries

RCL 201405260043A

Dealings in Securities by Directors and Company Secretary and Directors of Major Subsidiaries



RCL FOODS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1966/004972/06)

ISIN: ZAE000179438

Share Code: RCL



DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY AND DIRECTORS OF

MAJOR SUBSIDIARIES



In compliance with the JSE Limited Listings Requirements, the following

information is disclosed:



Share options issued to the following directors and company secretary on 1

August 2007 are due to expire on 1 August 2014. This expiry date will fall

within a closed period as the company’s financial year ends on 30 June 2014,

and consequently the options would lapse if not exercised by 30 June 2014.



In all of the following transactions, each participant in the share

incentive scheme has accepted and exercised the options issued to him, and

subsequently sold the shares issued.





Director : M Dally

Company : RCL Foods Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 1,188,688

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R18,079,944.48



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 1,188,688

Selling price : R17.00

Total value of transaction : R20,207,696.00





Director : R H Field

Company : RCL Foods Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 619,147

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R9,417,225.87



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 619,147

Selling price : R17.00

Total value of transaction : R10,525,499.00





Company Secretary : J M J Maher

Company : RCL Foods Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 45,052

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R685,240.92



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 45,052

Selling price : R17.00

Total value of transaction : R765,884.00





Director : D S Pitman

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 342,615

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R5,211,174.15



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 342,615

Selling price : R17.00

Total value of transaction : R5,824,455.00





Director : T J Harding

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 374,840

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R5,701,316.40



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 374,840

Selling price : R17.00

Total value of transaction : R6,372,280.00





Director : S B Heath

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 400,825

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R6,096,548.25



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 400,825

Selling price : R17.00

Total value of transaction : R6,814,025.00





Director : P D Cruickshank

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 74,288

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R1,129,920.48



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 74,288

Selling price : R17.00

Total value of transaction : R1,262,896.00





Director : W A De Wet

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 374,425

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R5,695,004.25



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 374,425

Selling price : R17.00

Total value of transaction : R6,365,225.00





Director : D S Milne

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 39,595

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R602,239.95



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 39,595

Selling price : R17.00

Total value of transaction : R673,115.00





Director : W E Schwimmbacher

Company : Rainbow Farms (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 48,057

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R730,946.97



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 48,057

Selling price : R17.00

Total value of transaction : R816,969.00





Director : C D Creed

Company : Vector Logistics (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 431,854

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R6,568,499.34



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 431,854

Selling price : R17.00

Total value of transaction : R7,341,518.00





Director : P E Gibbons

Company : Vector Logistics (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 45,547

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R692,769.87



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 45,547

Selling price : R17.00

Total value of transaction : R774,299.00





Director : R J Matthews

Company : Vector Logistics (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 37,100

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R564,291.00



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 37,100

Selling price : R17.00

Total value of transaction : R630,700.00





Director : S Pillay

Company : Vector Logistics (Pty) Limited



Date of transaction : 22 May 2014

Nature of transaction : Off market acceptance and exercise of

options

Class of securities : Options in respect of ordinary shares

Number of options accepted : 99,750

and exercised

Option grant date : 1 August 2007

Option grant price : R15.21

Total value of transaction : R1,517,197.50



Date of transaction : 23 May 2014

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 99,750

Selling price : R17.00

Total value of transaction : R1,695,750.00



The nature of interest in respect of all of the parties above is direct

beneficial and clearance was obtained for each.





Durban

26 May 2014



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



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