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RCL FOODS – PROPOSED ACQUISITION BY OCEANA

Shareholders are referred to the Oceana announcement released on SENS earlier today advising that the Competition Commission has approved the proposed acquisition by Oceana of the fishing interests of Foodcorp, subject to certain conditions. RCL Foods shareholders are advised that one of these conditions is not acceptable to the parties. Accordingly, the parties will file a Request for Consideration with the Competition Tribunal challenging the condition in question. In the interim, the parties have agreed to extend the sale of business agreement for a further three months to 31 January 2014.