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RCL FOODS – TRADING STATEMENT

Shareholders are advised that RCL Foods expects that its earnings per share from continuing operations (“EPS”) and its combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 96 cents (EPS +310.1%; combined EPS +331.9%) and 104 cents (EPS +327.6%; combined EPS +351.2%) versus the EPS loss of 45.7 cents and combined EPS loss of 41.4 cents for the corresponding year ended 30 June 2014.

The headline earnings per share from continuing operations (“HEPS”) and combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2015 will be between 108 cents (HEPS +326.4%; combined HEPS +348.8%) and 116 cents (HEPS +343.2%; combined HEPS +367.3%) versus the HEPS loss of 47.7 cents and combined HEPS loss of 43.4 cents for the corresponding year ended 30 June 2014.

The increase in EPS and HEPS is largely as a result of:
* Improved trading from the poultry and sugar operations
* Foreign exchange losses relating to the Eurobond in the prior year

The Group’s results for the year ended 30 June 2015 are expected to be released on SENS on or about 1 September 2015.