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RCL FOODS LIMITED – Dealings in share appreciation rights (SARs) and securities by directors

RCL 201803020079A

Dealings in share appreciation rights (“SARs”) and securities by directors



RCL FOODS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1966/004972/06)

ISIN: ZAE000179438

Share Code: RCL

(“the Company”)



DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) AND SECURITIES BY

DIRECTORS



The following transactions are disclosed in relation to SARs which

were awarded on 1 June 2011 and are due to expire on 1 June 2018.

SARs award prices and exercise prices were determined as the 5-day

volume weighted average price (VWAP) as at the respective award

and exercise dates:



Director : RH Field

Company : RCL Foods Limited

Date of transaction : 26 February 2018

Nature of transaction : Off-market acceptance and

exercise of SARs which are

subsequently equity settled in

accordance with the RCL Foods

Limited Share Appreciation Rights

Scheme

Class of securities : SARs in respect of ordinary

shares

Number of SARs exercised : 364,999

SARs award price : R16.45

SARs exercise price : R17.49

Total gain on transaction : R379,585.47

Equivalent number of shares : 21,703

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : M Dally

Company : RCL Foods Limited

Date of transaction : 27 February 2018

Nature of transaction : Off-market acceptance and

exercise of SARs which are

subsequently equity settled in

accordance with the RCL Foods

Limited Share Appreciation Rights

Scheme

Class of securities : SARs in respect of ordinary

shares

Number of SARs exercised : 714,572

SARs award price : R16.45

SARs exercise price : R17.39

Total gain on transaction : R671,688.75

Equivalent number of shares : 38,625

Nature of interest : Direct beneficial

Clearance obtained : Yes



Durban

2 March 2018



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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