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RCL FOODS LIMITED – DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

RCL 201503260011A
Dealings in securities by directors 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 DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Share options issued to the following directors on 22 May 2008 are due to
expire on 22 May 2015, and would lapse if not exercised by that date.
Consequently each of the following participants in the share incentive
scheme has accepted and exercised the options specified.

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 542,224
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R7,162,779.04
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 284,319
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R3,755,853.99
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : T J Harding
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 169,306
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R2,236,532.26
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : D S Pitman
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 213,541
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R2,820,876.61
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : W A De Wet
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 129,178
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R1,706,441.38
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : R J Matthews
Company : Vector Logistics(Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 46,297
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R611,583.37
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
26 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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