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RCL significant shareholding disclosure

RCL shareholders are referred to the circular issued on Thursday 12 December 2013 advising RCL shareholders of the proposed implementation of the below mentioned transactions.



In accordance with the JSE Ltd. Listings Requirements and Section 122 of the Companies Act 2008, RCL shareholders are advised of the following:



Industrial Partnership Investments (Pty) Ltd. (“IPI”) has notified the company that it has disposed of all of its RCL ordinary shares to TSB Sugar Holdings (Pty) Ltd. (“TSB”). Accordingly, IPI holds no voting rights in the company.



TSB has notified the company that it has acquired 434 875 326 ordinary shares in the company from IPI, representing 69.5% of the voting rights in the company. TSB has also notified the company that it has acquired a further 230 946 882 ordinary shares in the company, issued as consideration for the acquisition by RCL of all of TSB”s shares in TSB Sugar RSA (Pty) Ltd. and TSB Sugar International (Pty) Ltd. Accordingly, TSB”s holding now represents 77.7% of the voting rights in the company.