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RCL FOODS – RESULTS OF GENERAL MEETING

RCL shareholders are referred to the announcement released on the Stock Exchange News Service on Thursday, 21 November 2013 and published in the South African press on Friday, 22 November 2013, advising of the proposed acquisition by RCL of TSB Sugar RSA and TSB Sugar International from TSB Sugar Holdings, the implementation of the TSB BEE Transaction, the unwinding of the current RCL Foods BEE structure, the implementation of a new RCL Foods BEE Transaction and a proposed equity capital raising (“the Proposed Transactions”).

At the general meeting of RCL shareholders held today, 16 January 2014, all the special and ordinary resolutions proposed, including the resolutions required to implement the Proposed Transactions, increase the company”s authorised share capital and amend the Memorandum of Incorporation, were passed by the requisite majority of votes.

The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.