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RCL FOODS LIMITED – Dealings in securities by directors and directors of major subsidiaries

RCL 201512220023A

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:



Conditional shares accepted and sold in terms of the RCL Foods Limited

Conditional Share Plan:



Director : M Dally

Company : RCL Foods Limited

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities : Ordinary shares

Number of conditional shares : 675,547

Value per share* : R13.90

Total value of transaction : R9,390,103.30

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 675,547

Selling price per share : R13.90

Total value of transaction : R9,390,103.30

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : R H Field

Company : RCL Foods Limited

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities : Ordinary shares

Number of conditional shares : 340,124

Value per share* : R13.90

Total value of transaction : R4,727,723.60

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 140,124

Selling price per share : R13.90

Total value of transaction : R1,947,723.60

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director of major subsidiary : T J Harding

Company : RCL Foods Consumer (Pty) Ltd

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities : Ordinary shares

Number of conditional shares : 179,975

Value per share* : R13.90

Total value of transaction : R2,501,652.50

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 179 975

Selling price per share : R13.90

Total value of transaction : R2,501,652.50

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director of major subsidiary : D S Pitman

Company : RCL Foods Consumer (Pty) Ltd

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities : Ordinary shares

Number of conditional shares : 357,307

Value per share* : R13.90

Total value of transaction : R4,966,567.30

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 146,496

Selling price per share : R13.90

Total value of transaction : R2,036,294.40

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director of major subsidiary : P D Cruickshank

Company : RCL Foods Consumer (Pty) Ltd

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities : Ordinary shares

Number of conditional shares : 125,417

Value per share* : R13.90

Total value of transaction : R1,743,296.30

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 51,421

Selling price per share : R13.90

Total value of transaction : R714,751.90

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director of major subsidiary : C D Creed

Company : Vector Logistics(Pty) Ltd

Date of transaction : 15 December 2015

Nature of transaction : Off market acceptance of conditional

shares

Class of securities Ordinary shares

Number of conditional shares : 299,376

Value per share* : R13.90

Total value of transaction : R4,161,326.40

Nature of interest : Direct beneficial

Clearance obtained : Yes



Date of transaction : 15 December 2015

Nature of transaction : Off market sale of securities

Class of securities : Ordinary shares

Number of securities : 122,744

Selling price per share : R13.90

Total value of transaction : R1,706,141.60

Nature of interest : Direct beneficial

Clearance obtained : Yes



* 5 Day VWAP as at date of transaction





Durban

22 December 2015



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



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