2017-09-20

RCL FOODS - avian influenza announcement


RCL FOODS confirms that an outbreak of the highly pathogenic H5N8 strain of avian influenza (AI) has recently been detected at the company's Heuningdal breeder farm in the Western Cape, situated between Malmesbury and Darling, after also having experienced a small outbreak at our Viva breeder farm near Muldersdrift in Gauteng.

The affected sites have been depopulated, and the loss amounts to approximately 5% of the company's total breeder stock. The cumulative direct costs associated with AI amount to approximately R26m, and the company is evaluating all opportunities to minimise the possible impact of this reduced volume.

AI has been spreading across South Africa, with over 50 reported cases since June 2017. AI is not known to affect humans, so there is no concern from a chicken consumption perspective.

Although containing the spread of the virus is proving difficult in South Africa, RCL FOODS will continue to relentlessly implement the strictest possible biosecurity measures at all sites to safeguard the health of its flocks. RCL FOODS is also working closely with government and other authorities in this regard.

2017-08-29

RCL final results June 2017


Revenue decreased marginally by 0.3% to R24.9 billion (R25.0 billion). Operating profit increased to R776.5 million (R317.2 million). Profit attributable to equity holders was higher at R515.7 million (R182 million). Furthermore, headline earnings per share came in at 63.5 cents per share (96.5 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend (number 85) of 20 cents per share bringing the total dividend declared for the year ended June 2017 to 30 cents per share (2016: 30cents).

Prospects
RCL believe that economic growth will continue to be lacklustre in the coming year, which implies that demand will remain constrained, with flat to declining volumes. On the positive side, the record maize crop, as well as improved supply of other crops should help to restore margins and contribute to welcome price relief for consumers. The Chicken business unit is expected to achieve significant improvements in profitability relative to the past financial year, due to the revised business model as well as lower input costs. Production volumes in Sugar should improve on the back of renewed irrigation, although the increasing trend in sugar imports and its impact on local sugar prices remains a major concern and places Sugar"s 2018 performance at risk. Groceries has a good pipeline of innovations. A strong focus will also be placed on capitalising on opportunities that will become available as a result of the new plant and equipment coming into operation at the UHT and pet food plants.

Logistics will focus on operationalising the recent contract wins, pursuing further opportunities to replace the business that was lost through Chicken"s restructuring, and the implementation of a number of cost containment initiatives. In addition, the Logistics division will look to capitalise on its new brand positioning launched in June 2017, which reflects a spirit of innovation and a desire to "go beyond" simply logistics and supply chain. Further internal opportunities in synergies, overhead savings and production efficiencies that flow from our "ONE RCL FOODS" initiatives will continue to receive substantial focus. The outcome of the chicken industry"s crisis remains uncertain, but substantial work has been done between government and industry to find a sustainable solution. RCL remain confident in our strategy and are making steady progress towards our goal of a diversified food portfolio, focused on adding higher margin, added value products and categories.

2017-08-29

RCL final results June 2017


Revenue decreased marginally by 0.3% to R24.9 billion (R25.0 billion). Operating profit increased to R776.5 million (R317.2 million). Profit attributable to equity holders was higher at R515.7 million (R182 million). Furthermore, headline earnings per share came in at 63.5 cents per share (96.5 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend (number 85) of 20 cents per share bringing the total dividend declared for the year ended June 2017 to 30 cents per share (2016: 30 cents).

Prospects
RCL believe that economic growth will continue to be lacklustre in the coming year, which implies that demand will remain constrained, with flat to declining volumes. On the positive side, the record maize crop, as well as improved supply of other crops should help to restore margins and contribute to welcome price relief for consumers. The Chicken business unit is expected to achieve significant improvements in profitability relative to the past financial year, due to the revised business model as well as lower input costs. Production volumes in Sugar should improve on the back of renewed irrigation, although the increasing trend in sugar imports and its impact on local sugar prices remains a major concern and places Sugar"s 2018 performance at risk. Groceries has a good pipeline of innovations. A strong focus will also be placed on capitalising on opportunities that will become available as a result of the new plant and equipment coming into operation at the UHT and pet food plants.

Logistics will focus on operationalising the recent contract wins, pursuing further opportunities to replace the business that was lost through Chicken"s restructuring, and the implementation of a number of cost containment initiatives. In addition, the Logistics division will look to capitalise on its new brand positioning launched in June 2017, which reflects a spirit of innovation and a desire to "go beyond" simply logistics and supply chain. Further internal opportunities in synergies, overhead savings and production efficiencies that flow from our "ONE RCL FOODS" initiatives will continue to receive substantial focus. The outcome of the chicken industry"s crisis remains uncertain, but substantial work has been done between government and industry to find a sustainable solution. RCL remain confident in our strategy and are making steady progress towards our goal of a diversified food portfolio, focused on adding higher margin, added value products and categories.

2017-08-17

RCL - trading statement


Shareholders are advised that RCL FOODS expects that its headline earnings per share (“HEPS”) for the year ended June 2017 is expected to be between 57.5 cents (-41.6%) and 67.5 cents (-31.5%) when compared to the reported HEPS of 98.5 cents for the corresponding year ended June 2016.

Earnings per share (“EPS”) for the year ended June 2017 is expected to be between 57.0 cents (+133.6%) and 61.0 cents (+150.0%) when compared to the reported EPS of 24.4 cents for the corresponding year ended June 2016, largely related to the Milling impairment in the prior year referred to below.

Restatement of June 2016 results
The prior year results have been restated for the impact of the change in the accounting standards relating to the treatment of bearer plants (IAS16 and IAS41), which has reduced the reported June 2016 HEPS by 2.0 cents and EPS by 3.3 cents.

HEPS for the year ended June 2017 is expected to be between 57.5 cents (-40.4%) and 67.5 cents (-30.1%) when compared to the restated HEPS of 96.5 cents for the corresponding year ended June 2016.

EPS for the year ended June 2017 is expected to be between 57.0 cents (+170.1%) and 61.0 cents (+189.1%) when compared to the restated EPS of 21.1 cents for the corresponding year ended June 2016.

Material once-off items The financial results have been impacted by material once-off items in both the current and corresponding period, further details of which will be included in our results announcement to be released on SENS on 29 August 2017. These items relate to:
• Impairments in the current period of R123,8 million (post tax) in the Chicken business unit relating to redundant plant and equipment identified as part of the decision to reduce commodity chicken volumes and from the related decision to dispose of the Tzaneen chicken operation. The impairments are excluded from HEPS, whilst the impact on EPS is a negative 14.3 cents;
• The recognition in the current period of R37,4 million (post tax) in restructuring costs and fair value adjustments on biological assets, also associated with the decision to reduce chicken volumes. The impact on HEPS and EPS is a negative 4.3 cents;
• An insurance receipt in the current period relating to the Pongola silo which was damaged in July 2015, with R84,8 million (post tax) related to the assets portion of the claim and R20,8 million (post tax) relating to prior year business interruption. The impact on HEPS is a positive 2.4 cents and a positive 12.2 cents on EPS;
• A foreign exchange loss of R27,9 million relating to the settlement of the Zam Chick Ltd ("Zam Chick") and Zamhatch Ltd ("Zamhatch") options in the current year, with the prior year including a R67,7 million gain (R118,9 million headline earnings gain) related to the accounting for the exercise of the options. The impact on EPS and HEPS for the year ended June 2017 was a negative 3.2 cents. The impact on HEPS and EPS for the corresponding year ended June 2016 was a positive 13.8 cents and 7.8 cents respectively;
• The release of a R163,3 million provision in the prior year for uncertain taxation disputes raised as part of the Foodcorp acquisition. The impact on HEPS and EPS in the June 2016 results was a positive 18.9 cents;
• An impairment loss in the prior year of R568,5 million (post tax) relating to the Milling operation in the Sugar & Milling division. The impairment is excluded from HEPS, whilst the impact on EPS in the June 2016 results was a negative 65.9 cents.

Excluding the above once-off items, normalised HEPS for the year ended June 2017 is expected to be between 64.0 cents (+0.3%) and 74.0 cents (+16.0%) when compared to the restated normalised HEPS of 63.8 cents for the year ended June 2016.

The improvement in the underlying results over the corresponding year is attributable to the recovery in the Sugar business unit on the back of the higher industry pricing and better channel mix, as well as the turnaround within the Millbake business unit with the Gauteng bakeries returning to profitability.

As previously announced, RCL FOODS downsized its Chicken business unit to restore its profitability by limiting production of consequential commodity products. From 1 February 2017 the Chicken business unit's Hammarsdale operation was reduced to a single shift, thereby eliminating a portion of loss making IQF (Individually Quick Frozen) product. The new business model has shown positive early results, with the Chicken business unit expected to report an EBITDA profit for the year, after posting a trading loss in the interim results to December 2016.

The Group's financial results for the year ended June 2017 are expected to be released on SENS on 29 August 2017.

2017-04-28

RCL FOODS LIMITED - Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan


RCL 201704280056A
Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

ACCEPTANCE BY DIRECTORS OF CONDITIONAL SHARE AWARDS IN TERMS OF THE RCL
FOODS LIMITED CONDITIONAL SHARE PLAN

As required in terms of the JSE Limited Listings Requirements, RCL Foods
Limited advises of the acceptance by directors of Conditional Shares
awarded to them in terms of the RCL Foods Limited Conditional Share Plan.
The Conditional Shares are subject to a 3-year vesting period, as well as
the fulfillment of employment and performance conditions.

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 26 April 2017
Nature of transaction : Off-market acceptance of conditional
shares vesting in March 2020 subject
to the achievement of agreed targets
Class of securities : Ordinary shares
Number of conditional shares : 3,620,565
accepted
Total value of transaction* : R50,434,470.45
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 26 April 2017
Nature of transaction : Off-market acceptance of conditional
shares vesting in March 2020 subject
to the achievement of agreed targets
Class of securities : Ordinary shares
Number of conditional shares : 1,448,226
accepted
Total value of transaction* : R20,173,788.18
Nature of interest : Direct beneficial
Clearance obtained : Yes

*Using the 5-day volume weighted average price of R13.93 as at 28 April 2017


Durban
28 April 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/04/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-31

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) and securities by a director of a major subsidiary


RCL 201703310052A
Dealings in share appreciation rights (“SARs”) and securities by a director of a major subsidiary

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 A
DIRECTOR OF A MAJOR SUBSIDIARY

The following transactions are disclosed in relation to SARs which
were awarded on 2 June 2010 and are due to expire on 2 June 2017.
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 : DS Pitman
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 27 March 2017
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 : 387,663
SARs award price : R14.73
SARs exercise price : R16.20
Total gain on transaction : R569,851.20
Equivalent number of shares : 35,176
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : DS Pitman
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 29 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 35,176
Highest price traded : R15.30
Lowest price traded : R14.65
Volume weighted average price : R14.95
Total value of transaction : R525,952.17
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
31 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 31/03/2017 02:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-30

RCL FOODS LIMITED - Dealings in securities by a director and company secretary and directors of major subsidiaries


RCL 201703300050A
Dealings in securities by a director and company secretary and directors of major subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
(“the Company”)

DEALINGS IN SECURITIES BY A DIRECTOR AND COMPANY SECRETARY AND
DIRECTORS OF MAJOR SUBSIDIARIES

On 6th, 15th and 28th March the Company announced the off-market
acceptance and exercise of share appreciation rights by a director
and company secretary and directors of major subsidiaries. The
following transactions are disclosed in relation to the subsequent
on-market sale of the equivalent number of related securities.

Director : SB Heath
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 30,513
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R488,209.92
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Dally
Company : RCL Foods Ltd
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 56,300
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R900,803.56
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Clayton
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 2,673
Price : R16.01
Total value of transaction : R42,794.73
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : S Balidis
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 3,327
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R53,232.86
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : SA Van Der Merwe
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 2,749
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R43,984.71
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : WE Schwimmbacher
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 16,571
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R265,140.27
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : DS Milne
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 7,713
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R123,409.99
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : PD Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 22 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 4,696
Price : R16.00
Total value of transaction : R75,136.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : WA De Wet
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 24 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 32,217
Highest price traded : R16.10
Lowest price traded : R16.00
Volume weighted average price : R16.01
Total value of transaction : R515,754.15
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : CD Creed
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 19,674
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R314,808.74
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : S Pillay
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 5,727
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R91,639.20
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : PE Gibbons
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 6,165
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R98,647.75
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : RJ Matthews
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 7,237
Highest price traded : R16.01
Lowest price traded : R16.00
Volume weighted average price : R16.00
Total value of transaction : R115,801.10
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : TJ Harding
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 27,599
Price : R16.00
Total value of transaction : R441,584.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : DS Tubb
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 27 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 9,014
Price : R16.00
Total value of transaction : R144.224.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : D Naicker
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 29 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 4,938
Highest price traded : R15.61
Lowest price traded : R15.60
Volume weighted average price : R15.60
Total value of transaction : R77,053.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

Company Secretary : JMJ Maher
Company : RCL Foods Limited
Date of transaction : 29 March 2017
Nature of transaction : On-market sale of shares
Number of shares : 4,990
Highest price traded : R15.61
Lowest price traded : R15.60
Volume weighted average price : R15.60
Total value of transaction : R77,865.02
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
30 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30/03/2017 04:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-28

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by a director company secretary and directors of major subsidiaries


RCL 201703280035A
Dealings in share appreciation rights (“SARs”) by a director, company secretary and directors of major subsidiaries

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”) BY A DIRECTOR AND
COMPANY SECRETARY AND DIRECTORS OF MAJOR SUBSIDIARIES

The following transactions are disclosed in relation to SARs which
were awarded on 2 June 2010 and are due to expire on 2 June 2017.
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 : WA De Wet
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 22 March 2017
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 : 300,332
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R531,580.50
Equivalent number of shares : 32,217
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : CD Creed
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 22 March 2017
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 : 183,406
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R324,621.00
Equivalent number of shares : 19,674
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : S Pillay
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 22 March 2017
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 : 53,396
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R94,495.50
Equivalent number of shares : 5,727
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : TJ Harding
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
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 : 257,279
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R455,383.50
Equivalent number of shares : 27,599
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : PE Gibbons
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 March 2017
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 : 58,657
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R101,475.90
Equivalent number of shares : 6,165
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : DS Tubb
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 March 2017
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 : 38,063
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R 65,840.00
Equivalent number of shares : 4,000
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : RJ Matthews
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 March 2017
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 : 68,860
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R119,121.02
Equivalent number of shares : 7,237
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : RH Field
Company : RCL Foods Limited
Date of transaction : 23 March 2017
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 : 431,618
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R746,691.44
Equivalent number of shares : 45,364
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : D Naicker
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 24 March 2017
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 : 47,479
SARs award price : R14.73
SARs exercise price : R16.44
Total gain on transaction : R81,180.72
Equivalent number of shares : 4,938
Nature of interest : Direct beneficial
Clearance obtained : Yes

Company Secretary : JMJ Maher
Company : RCL Foods Limited
Date of transaction : 24 March 2017
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 : 47,975
SARs award price : R14.73
SARs exercise price : R16.44
Total gain on transaction : R82,035.60
Equivalent number of shares : 4,990
Nature of interest : Direct beneficial
Clearance obtained : Yes

The following transaction is disclosed in relation to SARs which
were awarded subsequent to 2 June 2010 and are not due to expire
within the next two years. SARs award prices and exercise prices
were similarly determined as the 5-day volume weighted average
price (VWAP) as at the respective award and exercise dates:

Director : DS Tubb
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 March 2017
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 : 25,320
SARs award price : R13.20
SARs exercise price : R16.46
Total gain on transaction : 82,530.44
Equivalent number of shares : 5,014
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
28 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/03/2017 04:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-22

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary


RCL 201703220025A
Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : W A De Wet
Company : RCL Foods Sugar & Milling(Pty) Ltd
Date of transaction : 16 March 2017
Nature of transaction : On-market sale of shares
Class of securities : Ordinary shares
Number of shares sold : 50,000 at R16.60 and 50,000 at 16.75
Total value of transaction : R1,667,500
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
22 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/03/2017 03:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-15

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by directors of a major subsidiary


RCL 201703150046A
Dealings in share appreciation rights (“SARs”) by directors of a major subsidiary

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”) BY DIRECTORS OF A
MAJOR SUBSIDIARY

The following transactions are disclosed in relation to SARs which
were awarded on 2 June 2010 and are due to expire on 2 June 2017.
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 : S Balidis
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 10 March 2017
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 : 46,708
SARs award price : R14.73
SARs exercise price : R15.86
Total gain on transaction : R52,766.22
Equivalent number of shares : 3,327
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : DS Milne
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 13 March 2017
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 : 98,604
SARs award price : R14.73
SARs exercise price : R15.98
Total gain on transaction : R123,253.74
Equivalent number of shares : 7,713
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : SA Van Der Merwe
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 13 March 2017
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 : 35,153
SARs award price : R14.73
SARs exercise price : R15.98
Total gain on transaction : R43,929.02
Equivalent number of shares : 2,749
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : WE Schwimmbacher
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 15 March 2017
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 : 67,621
SARs award price : R14.73
SARs exercise price : R16.02
Total gain on transaction : R87,228.90
Equivalent number of shares : 5,445
Nature of interest : Direct beneficial
Clearance obtained : Yes

The following transaction is disclosed in relation to SARs which
were awarded subsequent to 2 June 2010 and are not due to expire
within the next two years. SARs award prices and exercise prices
were similarly determined as the 5-day volume weighted average
price (VWAP) as at the respective award and exercise dates:

Director : WE Schwimmbacher
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 15 March 2017
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 : 78,023
SARs award price : 28,294 at R13.20; 49,729 at R14.04
SARs exercise price : R16.02
Total gain on transaction : R178,238.52
Equivalent number of shares : 11,126
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
15 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/03/2017 05:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-14

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary


RCL 201703140050A
Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following information is
disclosed:


Director : D S Pitman
Company : RCL Foods Consumer (Pty) Ltd
Date of transaction : 13 March 2017
Nature of transaction : Off market delivery of conditional shares and
subsequent on-market sale of shares
Class of securities : Ordinary shares
Number of conditional shares delivered and : 359,837
sold
Selling price per share : R16.00
Total value of transaction : R5,757,392.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
14 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/03/2017 05:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-03-06

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by a director and directors of major subsidiaries


RCL 201703060046A
Dealings in share appreciation rights (“SARs”) by a director and directors of major subsidiaries

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”) BY A DIRECTOR AND
DIRECTORS OF MAJOR SUBSIDIARIES

The following transactions are disclosed in relation to SARs which
were awarded on 2 June 2010 and are due to expire on 2 June 2017.
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 : S B Heath
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 February 2017
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 : 237,131
SARs award price : R14.73
SARs exercise price : R15.51
Total gain on transaction : R184,956.75
Equivalent number of shares : 11,925
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Clayton
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 28 February 2017
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 : 53,170
SARs award price : R14.73
SARs exercise price : R15.51
Total gain on transaction : R41,458.23
Equivalent number of shares : 2,673
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : P D Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 1 March 2017
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 : 77,517
SARs award price : R14.73
SARs exercise price : R15.68
Total gain on transaction : R73,633.28
Equivalent number of shares : 4,696
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 1 March 2017
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 : 929,256
SARs award price : R14.73
SARs exercise price : R15.68
Total gain on transaction : R882,784.00
Equivalent number of shares : 56,300
Nature of interest : Direct beneficial
Clearance obtained : Yes

The following transactions are disclosed in relation to SARs which
were awarded on 5 September 2012 and are due to expire on 5
September 2019. 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 : S B Heath
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 February 2017
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 : 124,810
SARs award price : R13.20
SARs exercise price : R15.51
Total gain on transaction : R288,299.88
Equivalent number of shares : 18,588
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
6 March 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06/03/2017 03:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2017-02-24

RCL FOODS -dividend withholding tax rate amendment


Shareholders are referred to the announcement released on the Stock Exchange News Service on 23 February 2017 in which they were advised, inter alia, that the board of directors had resolved to declare an interim gross cash dividend of 10,0 cents per share to shareholders recorded in the register of the company on 21 April 2017.

Shareholders are now advised that, consequent to the announcement by the Minister of Finance of an increase in the dividend withholding tax (“DWT”) rate from 15% to 20%, in his budget speech of 22 February 2017, the DWT applicable to the gross cash dividend to be paid to shareholders who are not exempt from DWT is 20%.

The net dividend amount is accordingly 8.0 cents per share and not 8.5 cents per share, as previously announced. The remainder of the announcement is unaffected.

2017-02-23

RCL FOODS interim results December 2016


Revenue for the interim period increased to R13.1 billion (2015: R12.9 billion). Operating profit before depreciation, amortisation and impairment (EBITDA) decreased to R900.4 million (2015: R1.2 billion), operating profit lowered to R355.5 million (2015: R761.3 million), while profit for the period attributable to equity holders of the company dropped to R321.7 million (2015: R736.7 million). Furthermore, headline earnings per share dropped at 47.6 cents per share (2015: 86.2 cents per share).

Dividend
The directors have resolved to declare an interim gross cash dividend (number 84) of 10.0 cents per share for the six months ended 31 December 2016 (H1 2016: 15.0 cents).

Prospects
RCL FOODS expects demand, and therefore volumes, to remain constrained. As a result, synergies, overhead savings and production efficiencies will continue to receive substantial focus. The group has a good pipeline of innovations across a number of product categories, designed to drive further market share gains. Within the Sugar business unit, rainfall, industry pricing and import levels remain key drivers of profitability for H2 2017.

The outcome of the chicken industry"s crisis remains uncertain, but the group is satisfied that the South African Government is aware of the enormity of the matter, and the group has taken substantial corrective action to safeguard the business. The Hammarsdale downsizing will impact on the Animal Feed and Logistics business units" second half results.

The group remains confident in its strategy and are making steady progress towards our goal of a diversified portfolio, focused on adding higher margin, added value products and categories. This set of results was characterised by significant external pressures.

2017-01-31

RCL FOODS - business update & trading statement


RCL FOODS' financial results for the six months ended 31 December 2016 will be materially impacted by the severe challenges faced by the local chicken industry due to dumped imports and high feed input costs. Excluding RCL FOODS' Chicken business unit performance, the balance of the Group will show trading profit growth over the comparable period. The Sugar business unit has shown improvement on the back of the higher industry pricing and better channel mix. The turnaround within the Millbake business unit has progressed well with the Gauteng bakeries returning to profitability. Certain key brands within the Groceries business unit have continued to grow volumes in a competitive market environment.

RCL FOODS released a SENS (“Stock Exchange News Service”) announcement on 27 September 2016 announcing its intention to downsize its Chicken business unit to restore its profitability by limiting production of consequential commodity products but continuing to grow the demand-driven portfolio, largely comprising the foodservice market. The Chicken business unit has initiated a programme to reduce its Hammarsdale operations to a single shift, thereby eliminating a portion of loss making IQF (Individually Quick Frozen) product. Before consideration of the once off costs referred to below, the Chicken business unit is expected to record a loss for the first six months of the financial year.

Trading statement
Shareholders are advised that RCL FOODS expects that its headline earnings per share (“HEPS”) for the six months ended 31 December 2016 is expected to be between 40.0 cents (-54.1%) and 55.0 cents (-36.9%) when compared to reported HEPS of 87.2 cents for the corresponding six months ended 31 December 2015.

Earnings per share (“EPS”) for the six months ended 31 December 2016 is expected to be between 30.0 cents (-65.3%)and 45.0 cents (-48.0%) when compared to reported EPS of 86.5 cents for the corresponding six months ended 31 December 2015.

The interim financial results for the six months ended 31 December 2016 have been impacted by three material abnormal items, namely:
- An after-tax impairment of R102.7 million (excluded from headline earnings) for redundant plant and equipment related to the decision to reduce commodity chicken volumes. The impact on EPS is a negative 11.9 cents.
- The recognition of a R37.4 million after-tax provision for restructuring costs and fair value adjustments on biological assets, also associated with the decision to reduce chicken volumes. The impact on HEPS and EPS is a negative 4.3 cents.
- A foreign exchange loss of R27.9 million (nil tax impact), as a result of Rand:Dollar appreciation, relating to the settlement of the Zam Chick and Zamhatch options. The impact on HEPS and EPS is a negative 3.2 cents.

As previously reported, the results for the corresponding six months ended 31 December 2015 were materially impacted by the release of a R163.3 million provision for uncertain taxation disputes raised as part of the Foodcorp acquisition. The release had no cashflow impact. The impact on HEPS and EPS in the 31 December 2015 results was a positive 18.9 cents.

The results for the six months ended 31 December 2016 include a negative after-tax IAS39 period on period movement of R56.4 million (HEPS and EPS impact of 6.5 cents) relating to the Group's raw material procurement strategy. This impact is largely attributable to the strengthening of the rand exchange rate.

The Group's interim financial results for the period ended 31 December 2016 are expected to be released on SENS on 23 February 2017.

2016-11-08

RCL - report on proceedings at the AGM


At the 50th (fiftieth) annual general meeting (“AGM”) of the shareholders of RCL FOODS held today, 8 November 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

2016-11-08

RCL FOODS - report on proceedings at the AGM


At the 50th (fiftieth) annual general meeting (“AGM”) of the shareholders of RCL FOODS held today, 8 November 2016, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

2016-10-14

RCL FOODS LIMITED - Dealings in securities by directors of a major subsidiary


RCL 201610140046A
Dealings in securities by directors of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : S Van Der Merwe
: RCL Foods Consumer (Pty) Ltd (a
major subsidiary of RCL Foods
Limited)
Date of transaction : 12 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 612
Selling price : R12.80
Total value of transaction : R7,833.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : S Balidis
: RCL Foods Consumer (Pty) Ltd (a
major subsidiary of RCL Foods
Limited)
Date of transaction : 12 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 1,293
Selling price : R12.80
Total value of transaction : R16,550.40
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
14 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/10/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-10-13

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201610130045A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : D Milne
: RCL Foods Consumer (Pty) Ltd (a
major subsidiary of RCL Foods
Limited)
Date of transaction : 11 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 2,081
Selling price : R12.90
Total value of transaction : R26,844.90
Nature of interest : Direct beneficial
Clearance obtained : Yes



Durban
13 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13/10/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-10-07

RCL FOODS LIMITED - Dealings in securities by directors and by the company secretary of major subsidiaries


RCL 201610070020A
Dealings in securities by directors and by the company secretary of major subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF MAJOR
SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : P D Cruickshank
: RCL Foods Sugar & Milling (Pty) Ltd
(a major subsidiary of RCL Foods
Limited)
Date of transaction : 4 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 10,659
Selling price : R14.30
Total value of transaction : R152,423.70
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : P D Cruickshank
Company : RCL Foods Sugar & Milling(Pty) Ltd (a
major subsidiary of RCL Foods Limited)
Date of transaction : 4 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 3,359
Selling price : R14.30
Total value of transaction : R48,033.70
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : S B Heath
Company : RCL Group Services(Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 4 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 9,388
Selling price : R14.30
Total value of transaction : R134,248.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Company Secretary : J M J Maher
Company : RCL Group Services(Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 4 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 602
Selling price : R14.20
Total value of transaction : R8,548.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : W E Schwimmbacher
Company : RCL Group Services(Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 4 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 1,378
Selling price : R14.20
Total value of transaction : R19,567.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : D S Pitman
Company : RCL Foods Consumer(Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 5 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 10,616
Selling price : R14.20
Total value of transaction : R150,747.20
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : P E Gibbons
Company : Vector Logistics(Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 5 October 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of shares : 1,375
Selling price : R14.20
Total value of transaction : R19,525.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
7 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07/10/2016 11:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-10-05

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by a director


RCL 201610050038A
Dealings in share appreciation rights (“SARs”) by a director

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”) BY A DIRECTOR

The following transaction is disclosed in relation to SARs which
were awarded on 5 September 2012. SARs award prices and exercise
prices were determined as the 5-day VWAP as at the respective
award and exercise dates:

Director : P D Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 28 September 2016
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 : 96,457
SARs award price : R13.20
SARs exercise price : R14.84
Total gain on transaction : 158,189.48
Equivalent number of shares : 10,659
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
05 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05/10/2016 04:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-30

RCL FOODS - no change statement and AGM notice


With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2016 and contain no modifications to the audited results which were published on SENS on 30 August 2016.

Notice of the annual general meeting
Notice is hereby given that the 50th annual general meeting of RCL FOODS shareholders will be held at Westville on 8 November 2016 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial
statements.

Salient dates
The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 23 September 2016 being the notice record date set by the board of the company determining which shareholders are entitled to receive notice of the annual general meeting.

The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 28 October 2016 being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Tuesday, 25 October 2016. Proxy forms must be lodged by no later than 08h30 on Friday, 4 November 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.



2016-09-30

RCL FOODS - no change statement and AGM notice


With regard to the audited results for the year ended 30 June 2016, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2016 and contain no modifications to the audited results which were published on SENS on 30 August 2016.

Notice of the annual general meeting
Notice is hereby given that the 50th annual general meeting of RCL FOODS Ltd. shareholders will be held at Westville on 8 November 2016 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial
statements.

Salient dates
The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 23 September 2016 being the notice record date set by the board of the company determining which shareholders are entitled to receive notice of the annual general meeting.

The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 28 October 2016 being the voting record date set by the board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Tuesday, 25 October 2016. Proxy forms must be lodged by no later than 08h30 on Friday, 4 November 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.



2016-09-29

RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by directors and company secretary


RCL 201609290052A
Dealings in share appreciation rights (“SARs”) by directors and company secretary

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") BY DIRECTORS AND
COMPANY SECRETARY

The following transactions are disclosed in relation to SARs which
were awarded on 1 August 2009 and are due to expire on 29 October
2016. SARs award prices and exercise prices were determined as the
5-day VWAP as at the respective award and exercise dates:


Director : D S Pitman
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
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 : 469,679
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R154,994.07
Equivalent number of shares : 10,616
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : S Balidis
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
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 : 57,236
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R18,887.88
Equivalent number of shares : 1,293
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : S A Van Der Merwe
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
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 : 27,115
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R8,947.95
Equivalent number of shares : 612
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : C D Creed
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 September 2016
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 : 91,044
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R30,044.52
Equivalent number of shares : 2,057
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : W E Schwimmbacher
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 26 September 2016
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 : 37,813
SARs award price : R14.27
SARs exercise price : R14.81
Total gain on transaction : R20,419.02
Equivalent number of shares : 1,378
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : S B Heath
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 27 September 2016
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 : 248,635
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R139,235.60
Equivalent number of shares : 9,388
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : W A De Wet
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 27 September 2016
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 : 212,421
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R118,955.76
Equivalent number of shares : 8,021
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : S Pillay
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 September 2016
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 : 67,594
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R37,852.64
Equivalent number of shares : 2,552
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : P E Gibbons
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 September 2016
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 : 36,434
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R20,403.04
Equivalent number of shares : 1,375
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 28 September 2016
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 : 279,074
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R159,072.18
Equivalent number of shares : 10,719
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : R H Field
Company : RCL Foods Limited
Date of transaction : 28 September 2016
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 : 427,702
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R243,790.14
Equivalent number of shares : 16,427
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : T J Harding
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
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 : 130,935
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R74,632.95
Equivalent number of shares : 5,029
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : A Westermeyer
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
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 : 16,581
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R9,451.17
Equivalent number of shares : 636
Nature of interest : Direct beneficial
Clearance obtained : Yes


Company Secretary : J M J Maher
Company : RCL Foods Limited
Date of transaction : 28 September 2016
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 : 15,678
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R8,936.46
Equivalent number of shares : 602
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : D S Milne
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
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 : 54,192
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R30,889.44
Equivalent number of shares : 2,081
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : P D Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 28 September 2016
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 : 87,470
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R49,857.90
Equivalent number of shares : 3,359
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
29 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/09/2016 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-27

RCL Foods - proposed changes to chicken business


Shareholders are advised that RCL FOODS' Chicken business unit has initiated steps to mitigate the crisis facing the local poultry industry. The results for the year ended 30 June 2016, published on SENS on 30 August 2016, included commentary on the significant challenges faced by our chicken business, principally as relates to commodity lines in retail competing with dumped imports. The Board and executive of RCL FOODS are evaluating the options available to the company, the immediate objective of which is to reduce the volume of commodity chicken produced.

A process of consultation with all affected employees and relevant unions has been initiated. It is RCL FOODS' intention to engage all affected stakeholders including government, customers, suppliers and staff in the related feed and distribution operations. The imperative is to restore the profitability of our chicken business by limiting production of consequential commodity products and continuing to grow the demand-driven portfolio, largely comprising the foodservice market.

The Board of RCL FOODS is committed to managing this process responsibly, and ensuring that all stakeholders are kept informed and the most viable solution implemented.

2016-09-27

RCL FOODS - proposed changes to chicken business


Shareholders are advised that RCL FOODS' Chicken business unit has initiated steps to mitigate the crisis facing the local poultry industry. The results for the year ended 30 June 2016, published on SENS on 30 August 2016, included commentary on the significant challenges faced by our chicken business, principally as relates to commodity lines in retail competing with dumped imports. The Board and executive of RCL FOODS are evaluating the options available to the company, the immediate objective of which is to reduce the volume of commodity chicken produced.

A process of consultation with all affected employees and relevant unions has been initiated. It is RCL FOODS' intention to engage all affected stakeholders including government, customers, suppliers and staff in the related feed and distribution operations. The imperative is to restore the profitability of our chicken business by limiting production of consequential commodity products and continuing to grow the demand-driven portfolio, largely comprising the foodservice market.

The Board of RCL FOODS is committed to managing this process responsibly, and ensuring that all stakeholders are kept informed and the most viable solution implemented.

2016-09-19

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary


RCL 201609190042A
Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Acceptance and vesting of shares in terms of the RCL Foods Limited
Conditional Share Plan (“the share plan”) pursuant to the conditions being
met.


Director : WA De Wet
Company : RCL Foods Sugar & Milling (Pty) Ltd
(a major subsidiary of RCL Foods
Limited)
Date of acceptance : 15 September 2016
Nature of transaction : Acceptance of ordinary shares in terms
the share plan and vesting thereof
Class of securities : Ordinary shares
Number of conditional shares : 146,956
Value per share* : R14.08
Total value of transaction : R2,069,140.48
Nature of interest : Direct beneficial
Clearance obtained : Yes

*5 Day VWAP as at date of application for listing being 12 September
2016

Durban
19 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/09/2016 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-16

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary


RCL 201609160034A
Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : S Pillay
Company : Vector Logistics (Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 15 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 91,663
Selling price : R14.20
Total value of transaction : R1,301,614.60
Nature of interest : Direct beneficial
Clearance obtained : Yes



Durban
16 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 16/09/2016 03:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-12

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201609120040A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director of major subsidiary : P D Cruickshank
Company : RCL Foods Sugar & Milling (Pty) Ltd

Date of transaction : 8 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 7,527
Selling price : R14.30
Total value of transaction : R107,636.10
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 9 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 13,996
Selling price : 12,309 at R14.30; 1,687 at R14.40
Total value of transaction : R200,311.50
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
12 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12/09/2016 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-12

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary


RCL 201609120034A
Dealing in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Conditional shares accepted in terms of the RCL Foods Limited Conditional
Share Plan:

Director : S Pillay
Company : Vector Logistics (Pty) Ltd (a major
subsidiary of RCL Foods Limited)
Date of transaction : 9 September 2016
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 91,663
Value per share : R13.98
Total value of transaction : R1,281,448.74
Nature of interest : Direct beneficial
Clearance obtained : Yes



Durban
12 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12/09/2016 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-08

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201609080040A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director of major subsidiary : P D Cruickshank
Company : RCL Foods Sugar & Milling (Pty) Ltd

Date of transaction : 6 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 20,000
Selling price : 10,000 at R14.30; 10,000 at R14.40
Total value of transaction : R287,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 7 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 2,473
Selling price : R14.30
Total value of transaction : R35,363.90
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
8 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08/09/2016 04:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-09-06

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201609060036A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director of major subsidiary : P D Cruickshank
Company : RCL Foods Sugar & Milling (Pty) Ltd
Date of transaction : 5 September 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 30,000
Selling price : 10,000 at R14.00; 20,000 at R14.20
Total value of transaction : R424,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
6 September 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06/09/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-08-30

RCL Foods final results June 2016


Revenue from continuing operations rose to R25 billion (R23.4 billion). Operating profit decreased to R378.2 million (R1.5 billion). Profit attributable to equity holders was R210.8 million (R848.1 million). Furthermore, headline earnings per share from continuing operations came in at 98.5 cents per share (112.2 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend of 15 cents per share for the 12 months ended 30 June 2016.

Prospects
RCL FOODS believes that the local poultry industry is in a crisis. As a consequence the Board is forced to relook at all options in evaluating our Chicken busines model. The headwinds of low economic growth, a volatile currency, high commodity input costs and drought impactsare real and understood. However, the strong platform that we are establishing internally for our business will create even bigger and better opportunities for RCL FOODS.

2016-08-30

RCL FOODS final results June 2016


Revenue from continuing operations rose to R25 billion (R23.4 billion). Operating profit decreased to R378.2 million (R1.5 billion). Profit attributable to equity holders was R210.8 million (R848.1 million). Furthermore, headline earnings per share from continuing operations came in at 98.5 cents per share (112.2 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend of 15 cents per share for the 12 months ended 30 June 2016.

Prospects
RCL FOODS believes that the local poultry industry is in a crisis. As a consequence the Board is forced to relook at all options in evaluating our Chicken busines model. The headwinds of low economic growth, a volatile currency, high commodity input costs and drought impactsare real and understood. However, the strong platform that we are establishing internally for our business will create even bigger and better opportunities for RCL FOODS.

2016-08-18

RCL Foods - trading statement


Shareholders are advised that RCL FOODS expects that its headline earnings per share from continuing operations (“HEPS”) for the year ended 30 June 2016 will be between 95.0 cents (–15.3%) and 105.0 cents (-6.4%) versus HEPS of 112.2 cents for the corresponding year ended 30 June 2015.

The combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 95.0 cents (-16.0%) and 105.0 cents (–7.2%) versus combined HEPS of 113.1 cents for the corresponding year ended 30 June 2015.

The earnings per share from continuing operations (“EPS”) for the year ended 30 June 2016 will be between 20.0 cents (–80.5%)and 30.0 cents (–70.7%) versus EPS of 102.4 cents for the corresponding year ended 30 June 2015.

The combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 20.0 cents (–79.7%) and 30.0 cents (-69.6%) versus combined EPS of 98.7 cents for the corresponding year ended 30 June 2015.

2016-08-18

RCL FOODS - trading statement


Shareholders are advised that RCL FOODS expects that its headline earnings per share from continuing operations (“HEPS”) for the year ended 30 June 2016 will be between 95.0 cents (–15.3%) and 105.0 cents (-6.4%) versus HEPS of 112.2 cents for the corresponding year ended 30 June 2015.

The combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 95.0 cents (-16.0%) and 105.0 cents (–7.2%) versus combined HEPS of 113.1 cents for the corresponding year ended 30 June 2015.

The earnings per share from continuing operations (“EPS”) for the year ended 30 June 2016 will be between 20.0 cents (–80.5%)and 30.0 cents (–70.7%) versus EPS of 102.4 cents for the corresponding year ended 30 June 2015.

The combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 20.0 cents (–79.7%) and 30.0 cents (-69.6%) versus combined EPS of 98.7 cents for the corresponding year ended 30 June 2015.

2016-03-24

RCL Foods - exercise of put options


During 2013, RCL FOODS, through its wholly owned subsidiary, Rainbow Farms Investments (Pty) Ltd., entered into agreements with Zambeef Products PLC (“Zambeef”) regarding investments in its broiler business, Zam Chick Ltd. (“Zam Chick”), and a greenfield hatchery investment, Zamhatch Ltd. (“Zamhatch”).

RCL FOODS has a 49% interest in Zam Chick and a 51% interest in Zamhatch. Shareholders' agreements were entered into between RCL FOODS and Zambeef in respect of Zam Chick on 1 February 2013 (“the Zam Chick Shareholders' Agreement”) and Zamhatch on 29 May 2013 (“the Zamhatch Shareholders' Agreement”) (collectively, “the Shareholders' Agreements”). In terms of the Shareholders' Agreements RCL FOODS, as a standard protection mechanism, was granted put options that would require Zambeef to acquire all of the ordinary shares held by RCL FOODS in Zam Chick (“the Zam Chick Option”) and Zamhatch (“the Zamhatch Option”) (collectively, “the Options”).

If the Zam Chick Option is exercised at any time, the value attributable to RCL FOODS' interest in Zam Chick (49%) will be determined as the higher of the following amounts on the date that the Zam Chick Option is exercised:
* 49% of the consolidated earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of Zam Chick at an exit enterprise value (“EV”) / EBITDA multiple of 7.5 times; or
* the original purchase price paid by RCL FOODS to Zambeef for the Zam Chick shares, expressed in US Dollars (“USD”).

Currently, RCL FOODS has no shareholder loan account claims against Zam Chick. If the Zamhatch Option is exercised within 3 years of the effective date (31 March 2013), the value attributable to RCL FOODS' interest in Zamhatch (51%) will be determined as the higher of the following amounts on the date that the Zamhatch Option is exercised:
* 51% of the consolidated EBITDA of Zamhatch at an exit EV / EBITDA multiple of 7.5 times; or
* the invested USD amounts outstanding to RCL FOODS on capital and loan account.

General
RCL FOODS is aware that Zambeef management has been mandated by its board of directors to actively work towards reducing Zambeef's current debt position. Over the past few months RCL FOODS has been in discussions with Zambeef management in respect of possible mechanisms to inject capital into Zambeef. The Board is of the view that should RCL FOODS become a shareholder in Zambeef, RCL FOODS would like to continue with these discussions. RCL FOODS is of the opinion that Zambeef is an attractive business that, pursuant to an injection of new capital, could materially improve its overall performance. RCL FOODS thus remains interested in considering opportunities that could lead to a more substantial transaction between RCL FOODS and Zambeef.

2016-03-24

RCL FOODS - exercise of put options


During 2013, RCL FOODS, through its wholly owned subsidiary, Rainbow Farms Investments (Pty) Ltd., entered into agreements with Zambeef Products PLC (“Zambeef”) regarding investments in its broiler business, Zam Chick Ltd. (“Zam Chick”), and a greenfield hatchery investment, Zamhatch Ltd. (“Zamhatch”).

RCL FOODS has a 49% interest in Zam Chick and a 51% interest in Zamhatch. Shareholders' agreements were entered into between RCL FOODS and Zambeef in respect of Zam Chick on 1 February 2013 (“the Zam Chick Shareholders' Agreement”) and Zamhatch on 29 May 2013 (“the Zamhatch Shareholders' Agreement”) (collectively, “the Shareholders' Agreements”). In terms of the Shareholders' Agreements RCL FOODS, as a standard protection mechanism, was granted put options that would require Zambeef to acquire all of the ordinary shares held by RCL FOODS in Zam Chick (“the Zam Chick Option”) and Zamhatch (“the Zamhatch Option”) (collectively, “the Options”).

If the Zam Chick Option is exercised at any time, the value attributable to RCL FOODS' interest in Zam Chick (49%) will be determined as the higher of the following amounts on the date that the Zam Chick Option is exercised:
* 49% of the consolidated earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of Zam Chick at an exit enterprise value (“EV”) / EBITDA multiple of 7.5 times; or
* the original purchase price paid by RCL FOODS to Zambeef for the Zam Chick shares, expressed in US Dollars (“USD”).

Currently, RCL FOODS has no shareholder loan account claims against Zam Chick. If the Zamhatch Option is exercised within 3 years of the effective date (31 March 2013), the value attributable to RCL FOODS' interest in Zamhatch (51%) will be determined as the higher of the following amounts on the date that the Zamhatch Option is exercised:
* 51% of the consolidated EBITDA of Zamhatch at an exit EV / EBITDA multiple of 7.5 times; or
* the invested USD amounts outstanding to RCL FOODS on capital and loan account.

General
RCL FOODS is aware that Zambeef management has been mandated by its board of directors to actively work towards reducing Zambeef's current debt position. Over the past few months RCL FOODS has been in discussions with Zambeef management in respect of possible mechanisms to inject capital into Zambeef. The Board is of the view that should RCL FOODS become a shareholder in Zambeef, RCL FOODS would like to continue with these discussions. RCL FOODS is of the opinion that Zambeef is an attractive business that, pursuant to an injection of new capital, could materially improve its overall performance. RCL FOODS thus remains interested in considering opportunities that could lead to a more substantial transaction between RCL FOODS and Zambeef.

2016-03-11

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201603110037A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director of major subsidiary : D S Pitman
Company : RCL Foods Consumer (Pty) Ltd

Date of transaction : 4 March 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 7,582
Selling price : R13.60
Total value of transaction : R103,115.20
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 10 March 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 32,868
Selling price : 31,905 at R13.30;
945 at R13.31;
18 at R13.39
Total value of transaction : R437,155.47
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
11 March 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11/03/2016 02:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-03-02

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201603020059A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director of major subsidiary : D S Pitman
Company : RCL Foods Consumer (Pty) Ltd

Date of transaction : 25 February 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 29,236
Selling price : 28,899 at R14.00; 337 at R14.01
Total value of transaction : R409,307.37
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 29 February 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 126,749
Selling price : R13.60
Total value of transaction : R1,723,786.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 1 March 2016
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 14,376
Selling price : 7,653 at R13.55; 173 at R13.56; 6,550
at R13.60
Total value of transaction : R195,124.03
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
2 March 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/03/2016 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2016-02-23

RCL Foods Ltd. interim results 31 December 2015


Revenue for the interim period increased to R12.9 billion (2014: R12 billion). Operating profit before depreciation, amortisation and impairment (EBITDA) decreased to R1.1 billion (2014: R1.2 billion), operating profit lowered to R782.4 million (2014: R866.1 million), while profit for the period attributable to equity holders of the company rose to R745.8 million (2014: R612.8 million). Furthermore, headline earnings per share was higher at 87.2 cents per share (2014: 70 cents per share).

Dividend
The directors have resolved to declare an interim gross cash dividend (number 82) of 15 cents per share for the six months ended 31 December 2015 (H1 2015: 15 cents per share).

Prospects
Key features for the next reporting period will be the pervasive impact of the drought as well as the impact of the weak rand on soft commodity prices. These two issues are expected to drive food inflation and consequently challenge margins across most categories. RCL FOODS is in the process of developing proactive pricing strategies designed to protect market share as far as possible, whilst still recovering cost pressure. However, aggressive competition and a distressed consumer will make it difficult to fully recover these increases from the market. Negative growth in real consumer spending is expected over the next 12-18 months.

As a result, synergies, overhead savings and production efficiencies will continue to receive substantial focus in the next period. In addition, innovation including formats and pack sizes suitable for "hard times" and export opportunities are being evaluated. The Chicken business is contemplating a further reduction in production volumes to both mitigate against the exposure to commodity-based lines and to extend current feed procured positions.

A recovery in sugar production during the next season is dependent on a return to normal rainfall levels. The expectation of a global production deficit and some recovery in world market prices is encouraging. However, if the drought persists, sugar availability will remain under pressure, as will the financial results for this business unit. The Logistics division expects relatively stable growth going forward as its customer base settles.

RCL FOODS expects that cash flows in the business will remain positive. However, the current capital expenditure investment programme will be reviewed and tempered as appropriate to the changing market environment. It remains RCL FOODS" intention to explore opportunities in strategic growth markets in the food sector in South Africa and sub- Saharan Africa in line with its long-term aspirations.

2016-02-19

RCL Foods - trading statement


Shareholders are advised that the group is expecting that its earnings per share ("EPS") for the interim period ended 31 December 2015 will be between 80 cents (+13.3%) and 90 cents (+27.5%) versus the EPS of 70.6 cents for the interim period ended 31 December 2014, while headline earnings per share ("HEPS") will be between 80 cents (+14.3%) and 90 cents (+28.6%) versus the HEPS of 70.0 cents for the interim period ended 31 December 2014.

The earnings for the interim period ended 31 December 2015 include the release of a R163 million provision for uncertain taxation disputes raised in terms of IFRS 3 (Business Combinations) as part of the Foodcorp acquisition. This matter has now been finalised with the South African Revenue Service and consequently the income tax expense for the period has been reduced by R163 million. The release has no cashflow impact. The impact on EPS and HEPS, included in the guidance above, is a positive 18.9 cents.

All business units with the exception of Sugar and Chicken have shown positive growth over the comparable period. The Sugar business unit has been adversely impacted by the worst drought in Southern Africa in many years, whilst the Chicken business unit has experienced an oversupply in the local market that has negatively impacted profitability.

The group's results for the interim period ended 31 December 2015 are expected to be released on SENS on 23 February 2016.

The financial information on which this trading statement is based has not been reviewed and reported on by the group's external auditors.

2015-12-22

RCL FOODS LIMITED - Dealings in securities by directors and directors of major subsidiaries


RCL 201512220023A
Dealings in securities by directors and directors of major subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Conditional shares accepted and sold in terms of the RCL Foods Limited
Conditional Share Plan:

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 675,547
Value per share* : R13.90
Total value of transaction : R9,390,103.30
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 675,547
Selling price per share : R13.90
Total value of transaction : R9,390,103.30
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 340,124
Value per share* : R13.90
Total value of transaction : R4,727,723.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 140,124
Selling price per share : R13.90
Total value of transaction : R1,947,723.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : T J Harding
Company : RCL Foods Consumer (Pty) Ltd
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 179,975
Value per share* : R13.90
Total value of transaction : R2,501,652.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 179 975
Selling price per share : R13.90
Total value of transaction : R2,501,652.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : D S Pitman
Company : RCL Foods Consumer (Pty) Ltd
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 357,307
Value per share* : R13.90
Total value of transaction : R4,966,567.30
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 146,496
Selling price per share : R13.90
Total value of transaction : R2,036,294.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : P D Cruickshank
Company : RCL Foods Consumer (Pty) Ltd
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities : Ordinary shares
Number of conditional shares : 125,417
Value per share* : R13.90
Total value of transaction : R1,743,296.30
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 51,421
Selling price per share : R13.90
Total value of transaction : R714,751.90
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : C D Creed
Company : Vector Logistics(Pty) Ltd
Date of transaction : 15 December 2015
Nature of transaction : Off market acceptance of conditional
shares
Class of securities Ordinary shares
Number of conditional shares : 299,376
Value per share* : R13.90
Total value of transaction : R4,161,326.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 December 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 122,744
Selling price per share : R13.90
Total value of transaction : R1,706,141.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

* 5 Day VWAP as at date of transaction


Durban
22 December 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/12/2015 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-11-26

RCL Foods - report on AGM proceedings


At the 49th (forty-ninth) annual general meeting ("AGM") of the shareholders of RCL FOODS held today, 26 November 2015, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.

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

2015-09-30

RCL - no change statement and AGM notice


With regard to the audited results for the year ended 30 June 2015, shareholders are advised that the annual financial statements have been distributed to shareholders on 30 September 2015 and contain no modifications to the audited results which were published on SENS on 1 September 2015.

Notice of the annual general meeting
Notice is hereby given that the 49th annual general meeting of RCL Foods Ltd. shareholders will be held at Westville on 26 November 2015 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

Salient dates
The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Monday, 14 September 2015 (and not Friday, 23 October 2015 as stipulated in the notice of annual general meeting) being the notice record date set by the Board of the company determining which shareholders are entitled to receive notice of the annual general meeting.

The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 20 November 2015 being the voting record date set by the Board of the company determining which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 13 November 2015. Proxy forms must be lodged by no later than 08h30 on Tuesday, 24 November 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

2015-09-01

RCL final results June 2015


Revenue from continuing operations jumped to R23.4 billion (R22.4 billion). Operating profit shot up to R1.5 billion (R778.6 million). Profit attributable to equity holders was R848.1 million (R428.4 million). Furthermore, headline earnings per share from continuing operations came in at 112.2 cents per share (45.1 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend (number 81) of 22 cents per share for the period ended 30 June 2015.

Outlook
The burden of a constrained market, together with the expectation of rising interest rates, labour demands, electricity disruptions and continuing high unemployment, is expected to hamper any sustainable improvement in consumer spending. These issues will have an impact across the segments in which the Group operates. . The Consumer division"s new management structure and focused investment behind its brands is expected to yield positive financial results in 2016. The poultry industry is still facing uncertainty following the recent decision with respect to duty free USA imports, while the injection cap issue remains unresolved. Improvements from the new chicken business model are expected to moderate in the new financial year off a substantially higher base.

The Sugar & Milling divisions use of irrigation will largely shield it from the current drought conditions experienced by the KZN sugar producers, however the short-term outlook for global sugar pricing is negative. Vector expects to commission new capacity in the latter half of the year, allowing the take-on of potential new customers. The continuing good performance of food service customers is expected to help offset negative economic factors. RCL Foods expects that cash flows in the business will remain robust against the backdrop of a significant capital expenditure investment programme. It will allow RCL Foods to continue plans to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations

2015-08-19

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.

2015-07-31

RCL Foods - shareholding purchase


RCL Foods announces that it has entered into a subscription agreement with, inter alia, HMH, a private company incorporated under the laws of Uganda, whereby RCL Foods shall subscribe for 33,5 percent of the total issued share capital of HMH for USD4.66 million in cash (“the Acquisition”).

HMH is a poultry producer operating a feed mill, broiler farms and processing plant. It is currently owned by the Hudani and Manji families, who have extensive interests in East Africa in food processing, distribution, construction, telecoms, real estate and hospitality. This is an exciting opportunity to enter the East African region with an established reputable partner, and the new venture will create one of the largest processors and marketers of chicken in both Uganda and East Africa.

The Acquisition is not subject to JSE Ltd. Listings Requirements due to its size and is only subject to a number of non-material conditions precedent.

2015-05-29

RCL FOODS LIMITED - Dealing in securities by a director of a major subsidiary and company secretary


RCL 201505290065A
Dealing in securities by a director of a major subsidiary and company secretary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND COMPANY
SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director of major subsidiary : T J Harding
: Rainbow Farms (Pty) Ltd
Date of transaction : 26 May 2015
Nature of transaction : Off market acceptance and exercise of
share appreciation rights (SARS)
Class of securities : SARS in respect of ordinary shares
Number of SARS accepted and : 160,000
exercised
SARS grant date : 1 August 2009
SARS grant price : R14.27
Total value of transaction : R2,283,200.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 29 May 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 160,000
Selling price : R18.26
Total value of transaction : R2,921,600.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Company secretary : J M J Maher
Company : RCL Foods Limited
Date of transaction : 26 May 2015
Nature of transaction : Off market acceptance and exercise of
share appreciation rights (SARS)
Class of securities : SARS in respect of ordinary shares
Number of SARS accepted and : 30,433
exercised
SARS grant date : 1 August 2009
SARS grant price : R14.27
Total value of transaction : R434,278.91
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 29 May 2015
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 30,433
Selling price : R18.26
Total value of transaction : R555,706.58
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
29 May 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/05/2015 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-04-07

RCL FOODS LIMITED - Dealings in securities by directors and directors of major subsidiaries


RCL 201504070045A
Dealings in securities by directors and directors of major subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Shareholders are referred to the announcement published on SENS on 26
March 2015, in which it was disclosed that the following directors had
accepted and exercised share options issued to them on 22 May 2008, which
are due to expire on 22 May 2015 and would lapse if not exercised by that
date. Subsequently each of the following directors has now sold the shares
issued.

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 542,224
Selling price : R17.16*
Total value of transaction : R9,303,563.57
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 284,319
Selling price : R17.16*
Total value of transaction : R4,878,389.54
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : T J Harding
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 169,306
Selling price : R17.16*
Total value of transaction : R2,904,978.63
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : D S Pitman
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 213,541
Selling price : R17.16*
Total value of transaction : R3,663,969.63
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : W A De Wet
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 129,178
Selling price : R17.16*
Total value of transaction : R2,216,456.18
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : R J Matthews
Company : Vector Logistics (Pty) Ltd
Date of transaction : 2 April 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 46,297
Selling price : R17.16*
Total value of transaction : R794,371.11
Nature of interest : Direct beneficial
Clearance obtained : Yes

*
High : R17.46
Low : R17.05
Volume Weighted Average Price : R17.11
(VWAP)

Durban
7 April 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07/04/2015 05:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-03-26

RCL FOODS LIMITED - Dealings in securities by directors and directors of major subsidiaries


RCL 201503260011A
Dealings in securities by directors and directors of major subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Share options issued to the following directors on 22 May 2008 are due to
expire on 22 May 2015, and would lapse if not exercised by that date.
Consequently each of the following participants in the share incentive
scheme has accepted and exercised the options specified.

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 542,224
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R7,162,779.04
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 284,319
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R3,755,853.99
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : T J Harding
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 169,306
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R2,236,532.26
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : D S Pitman
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 213,541
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R2,820,876.61
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : W A De Wet
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 129,178
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R1,706,441.38
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director of major subsidiary : R J Matthews
Company : Vector Logistics(Pty) Ltd
Date of transaction : 24 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 46,297
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R611,583.37
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
26 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 26/03/2015 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-03-20

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary and company secretary


RCL 201503200020A
Dealings in securities by a director of a major subsidiary and company secretary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND COMPANY
SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director of major subsidiary : S B Heath
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 18 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 83,153
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R1,098,451.13
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 18 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 83,153
Selling price : R17.19
Total value of transaction : R1,429,400.07
Nature of interest : Direct beneficial
Clearance obtained : Yes

Company secretary : J M J Maher
Company : RCL Foods Limited
Date of transaction : 18 March 2015
Nature of transaction : Off market acceptance and exercise of
options

Class of securities : Options in respect of ordinary shares
Number of options accepted and : 23,127
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R305,507.67
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 18 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 23,127
Selling price : R17.19
Total value of transaction : R397,553.13
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
20 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20/03/2015 11:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-03-18

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201503180026A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director of major subsidiary : D S Milne
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 16 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 62,673
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R827,910.33
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 16 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 20,534
Selling price : 17,400 at R17.21 each and 3,134 at
R17.25 each
Total value of transaction : R353,515.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 17 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 34,139
Selling price : 33,781 at R17.18 each and 358 at
R17.21 each
Total value of transaction : R586,518.76
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
18 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18/03/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-03-17

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201503170027A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director of major subsidiary : W E Schwimmbacher
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 13 March 2015
Nature of transaction : Off market acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options accepted and : 43,243
exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R571,240.03
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 13 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 43,243
Selling price : R17.50
Total value of transaction : R756,752.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
17 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17/03/2015 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-03-13

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201503130034A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:



Director of major subsidiar : P D Cruickshank
Company : Rainbow Farms (Pty) Ltd

Date of transaction : 12 March 2015
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 53,078
and exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R701,160.38
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 12 March 2015
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 53,078
Selling price : 51 591 at R17.00 each (lowest selling
price) and 1 487 at R17.03 each (highest
selling price).
Volume weighted average R17.00
selling price
Total value of transaction : R902,370.61
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
13 March 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13/03/2015 01:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-02-18

RCL interim results December 2014


Revenue from continuing operations shot up to R12.0 billion (R8.7 billion). EBITDA jumped to R1.2 billion (R688.3 million). Operating profit more than doubled to R866.1 million (R443.0 million). Profit attributable to equity holders multiplied to R612.8 million (R13.1 million). In addition, headline earnings per share from continuing operations increased to 70.0 cents per share (4.8 cents per share).

Cash dividend declaration
The directors have resolved to declare an interim gross cash dividend (number 80) of 15.0 cents per share for the six months ended 31 December 2014 (nil).

Prospects
The operational improvements that RCL Foods has implemented across the different businesses over the past year should continue to contribute positively to the earnings performance in an environment where economic conditions remain challenging. The second half of the financial year is a seasonally lower profit period, especially as relates to Rainbow which enjoys its peak trading in December, and TSB which has the three month off crop from January to March.

The weak state of the South African economy and the devaluation of the rand means a sustainable improvement in consumer spending is unlikely in the near future. The lower oil price will temper inflationary pressure and contribute to lower fuel and oil derivative input costs.

The poultry industry"s application for long-term anti-dumping duty protection and the timing of government"s regulation of injection remain as uncertainties.

TSB"s use of irrigation has meant that its production is largely unaffected by the drought that is affecting the balance of the sugar industry. TSB has sufficient irrigation resources for the forthcoming sugar season.

The trading outlook for Vector is largely positive with continued CSD and new customer growth anticipated.

The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub- Saharan Africa in line with its long-term aspirations.

2015-02-18

RCL FOODS LIMITED - Annexure to the interim results (pro forma) for the six months ended 31 December 2014


RCL 201502180042A
Annexure to the interim results (pro forma) for the six months ended 31 December 2014

RCL Foods Limited
("RCL Foods" or "the Company")
(Incorporated in the Republic of South Africa)
Registration number: 1966/004972/06
JSE share code: RCL
ISIN: ZAE000179438

ANNEXURE TO THE INTERIM RESULTS (PRO FORMA)
for the six months ended 31 December 2014

Introduction

During the financial year ended 30 June 2014 RCL Foods concluded significant corporate transactions (collectively "the
Transactions"), certain of which had a material impact on the published results for the financial year and the interim period
ended 31 December 2013 which are listed below:

- Acquired 100% of the issued ordinary shares in TSB Sugar RSA Proprietary Limited and TSB Sugar International Proprietary
Limited (collectively referred to as "TSB") from TSB Holdings ("TSB Transaction");
- Restructured the existing BEE notional vendor financed shareholding ("the old BEE scheme") and implemented a new BEE
Transaction ("the new BEE scheme") (collectively the "BEE Transaction");
- Raised R790.2 million in a pro-rata minority share offer ("pro-rata share issue");
- Redeemed Foodcorp"s Euro-denominated Senior Secured Notes ("SSNs") in November 2013 (10%) and April 2014 (remaining
90%) through cash and new rand-based debt ("the Bridging Loan") (collectively the "Foodcorp financing activities"); and
- Acquired the remaining 35.82% minority interest in New Foodcorp Holdings Proprietary Limited ("Foodcorp") in two
transactions from Foodcorp management (1 July 2013) ("the Foodcorp management buyout") and Capitau Investment
Advisers Proprietary Limited ("Capitau") (6 September 2013) for a total consideration of R520.7 million collectively
("Foodcorp minority buyout").

RCL Foods has consequently published the pro forma financial information for the 6 months ended 31 December 2013
below that aims to provide shareholders with a better understanding of the underlying financial performance of the Group
through the inclusion of a half year impact of the Transactions and the elimination of related once-off charges. The pro
forma financial information is the responsibility of the directors and has been prepared for illustrative purposes only and due
to its nature may not fairly present the Group"s income statement. The pro forma financial information refers only to past
events and does not contain any forward looking projections. PricewaterhouseCoopers Inc. have reported on the pro forma
financial information. Their report is available for inspection at the registered office of RCL Foods.

The pro forma financial information, assuming an effective date of the Transactions being 30 June 2013, effectively presents
the following:

TSB Transaction:
- Inclusion of the TSB results for the period 1 July 2013 to 31 December 2013.

BEE Transaction:
- Exclusion of the BEE expenses for the period 1 July 2013 to 31 December 2013 relating to the old BEE scheme; and
- Inclusion of the recurring IFRS 2 charge relating to the new BEE scheme for the period 1 July 2013 to 31 December 2013.

Transaction costs:
- Exclusion of all transaction costs associated with the Transactions for the period 1 July 2013 to 31 December 2013.

Pro-rata share issue:
- Inclusion of the finance income for the six months ended 31 December 2013 in respect of the cash received from the new
shares issued.

Foodcorp financing activities:
- Exclusion of the effects of Foodcorp"s Euro denominated debt for the period 1 July 2013 to 31 December 2013 which
removes the impact of interest on the Euro denominated debt, foreign currency losses and the 10% bond
redemption gain; and
- Inclusion of finance expense related to the replacement rand based debt for the period 1 July 2013 to 31 December 2013.

Foodcorp minority buyout:
- Exclusion of finance income earned on the cash utilised to settle the acquisition of shares from Capitau;
- Exclusion of the finance costs and the gain on the settlement of the preference shares; and
- Reversal of the loss attributable to minorities in Foodcorp.

The impact of the investments in Senn Foods Logistics (Pty) Limited and Zamhatch Ltd have not been taken into account
as the impact is considered to be immaterial.

The elimination of corporate transaction costs (R17.9 million), the BEE expenses relating to the old BEE scheme
(R1.7 million) and the NCI relating to the Foodcorp minority buyout (R7.4 million) is contrary to IFRS as this effectively
removes the amounts from the pro forma information. However, in terms of the JSE guidance letters of March 2010 –
Presentation of pro forma financial information and August 2012 – Presentation of constant currency information the non-
application of IFRS in the context of pro formas on a voluntary basis to accompany results is not prohibited.

PRO FORMA CONSOLIDATED INCOME STATEMENT
Pro-rata
TSB Transaction BEE Transaction Transaction costs share issue Foodcorp financing activities Foodcorp minority buyout
TSB Sugar
Holdings
Published Proprietary
unaudited Limited ("TSB
restated Sugar") Reversal Reversal Interest Foodcorp
6 months audited 6 Elimination BEE of Senior of interest Additional earned Impact of non-
ended months ended of inter- current Interest Secured earned interest on on cash– Capitau controlling
31 Dec 31 Dec group sales year ESOP Transaction earned on Notes on cash bridging Foodcorp preference Interest
R"000 2013(2) 2013(3) 6 months(4) charge(5) charge(6) costs(7) cash(8) ("SSNs")(9) – SSNs(10) loan(11) buyout(12) shares(13) (NCI)(14) Pro forma

Continuing operations
Revenue 8 669 470 2 939 318 (13 553) 11 595 235
Operating profit before depreciation, amortisation
and impairment (EBITDA) 688 277 205 955 1 693 (8 800) 17 866 (15 940) 889 051
Depreciation, amortisation and impairment (245 228) (67 815) (313 043)
Operating profit 443 049 138 140 1 693 (8 800) 17 866 (15 940) 576 008
Finance costs (437 830) (31 330) 403 321 (154 420) 617 (219 642)
Finance income 29 884 2 730 20 514 (8 754) (1 228) 43 146
Share of profits of joint ventures 2 491 4 353 6 844
Share of profit of associate 102 080 102 080
Profit before tax 37 594 215 973 1 693 (8 800) 17 866 20 514 403 321 (8 754) (154 420) (1 228) (15 323) 508 436
Income tax expense (17 600) (44 963) (5 744) (112 930) 2 451 43 238 344 4 290 (130 914)
Profit after tax from continuing operations 19 994 171 010 1 693 (8 800) 17 866 14 770 290 391 (6 303) (111 182) (884) (11 033) 377 522
Loss for the period from discontinued operation (14 301) (14 301)
Profit for the period 5 693 171 010 1 693 (8 800) 17 866 14 770 290 391 (6 303) (111 182) (884) (11 033) 363 221
Attributable to:
Equity holders of the company 13 096 192 431 1 693 (8 800) 17 866 14 770 290 391 (6 303) (111 182) (884) (11 033) (7 403) 384 642
Non-controlling interests (7 403) (21 421) 7 403 (21 421)
HEADLINE EARNINGS
Continuing operations
Profit for the period attributable to equity holders of
the company 27 308 192 431 1 693 (8 800) 17 866 14 770 290 391 (6 303) (111 182) (884) (11 033) (7 403) 398 854
Loss on disposal of property, plant and equipment 42 136 178
Headline earnings from continuing operations 27 350 192 567 1 693 (8 800) 17 866 14 770 290 391 (6 303) (111 182) (884) (11 033) (7 403) 399 032
Discontinued operation
Loss for the period attributable to equity holders of the
company (14 212) (14 212)
Headline loss from discontinued operation (14 212) (14 212)
Earnings per share from continuing and discontinued
operations attributable to equity holders of the
company (cents)
Basic earnings per share
From continuing operations 4.8 46.7
From discontinued operation (2.5) (1.7)
From profit for the period attributable to equity holders
of the company 2.3 45.0
Diluted earnings per share17
From continuing operations 4.7 46.6
From discontinued operation (2.5) (1.7)
From profit for the period attributable to equity
holders of the company 2.2 44.9
Ordinary shares in issue (‘000)
Weighted average ordinary shares in issue 574 404 853 241
Diluted weighted average ordinary shares in issue 576 799 855 636
Pro forma financial effects on
segmental analysis
Revenue 8 669 470 2 939 318 (13 553) 11 595 235
Foodcorp 3 862 876 3 862 876
Rainbow 4 413 617 4 413 617
TSB 2 939 318 2 939 318
Vector 861 356 861 356
Sales between segments:
Foodcorp to Rainbow (19 210) (19 210)
Rainbow to Foodcorp (16 139) (16 139)
TSB to Foodcorp (13 553) (13 553)
Vector to Foodcorp (10 081) (10 081)
Vector to Rainbow (422 949) (422 949)
Operating profit/(loss) before depreciation,
amortisation and impairment (EBITDA) 688 277 205 955 1 693 (8 800) 17 866 (15 940) 889 051
Foodcorp 376 128 (2 656) 373 472
Rainbow 191 308 1 328 (2 931) 189 705
TSB 205 955 (2 045) 203 910
Vector 124 171 365 (1 107) 123 429
Unallocated group costs (3 330) (61) 17 866 (15 940) (1 465)
Depreciation, amortisation and impairment (245 228) (67 815) (313 043)
Operating profit/(loss) 443 049 138 140 1 693 (8 800) 17 866 (15 940) 576 008
Foodcorp 249 437 (2 656) 246 781
Rainbow 97 705 1 328 (2 931) 96 102
TSB 138 140 (2 045) 136 095
Vector 99 237 365 (1 107) 98 495
Unallocated group costs (3 330) (61) 17 866 (15 940) (1 465)
Finance costs (437 830) (31 330) 403 321 (154 420) 617 (219 642)
Finance income 29 884 2 730 20 514 (8 754) (1 228) 43 146
Share of profits of joint ventures 2 491 4 353 6 844
TSB 4 353 4 353
Zambian operations 2 491 2 491
Share of profit of associate 102 080 102 080
TSB 102 080 102 080
Profit before tax 37 594 215 973 1 693 (8 800) 17 866 20 514 403 321 (8 754) (154 420) (1 228) (15 323) 508 436

Pro forma financial effects on weighted average ordinary shares in issue Number of shares
Published unaudited six months ended 31 December 2013 574 404
Impact of TSB Transaction15 230 947
Impact of pro rata share issue15 47 890
Pro forma weighted average number of shares in issue 853 241
Share option dilution impact16 2 395
Pro forma diluted weighted average number of shares in issue 855 636

Notes

NOTES TO THE PRO FORMA CONSOLIDATED INCOME STATEMENT

1. The pro forma consolidated income statement was prepared on the assumption that the Transactions were effective
30 June 2013.
2. The consolidated income statement of RCL Foods Limited for the six months ended 31 December 2013, was extracted
from its published interim unaudited financial results for the six months ended 31 December 2014.

TSB Transaction
The effective date of the TSB Transaction was 1 January 2014. The pro forma financial effects seek to demonstrate the impact
of consolidating TSB"s results for the six-month period ended 31 December 2013. The consolidation of TSB will be recurring.

3. The consolidated income statement of TSB Sugar was extracted from its audited financial information for the period
1 July 2013 to 31 December 2013.
4. Inter-company sales between Foodcorp and TSB for the period 1 July 2013 to 31 December 2013 have been reversed.

BEE Transaction
The effective date of the new BEE Transaction and the cancellation of the old BEE scheme was 17 January 2014. The Group"s
income statement for the six months ended 31 December 2013 includes the effect of the charges relating to the employee
portion of the old BEE scheme. The effects below seek to demonstrate the impact of excluding the expenses related to the
old BEE scheme and including a six-month effect of the recurring charge relating to the new BEE scheme.

5. All BEE expenses (relating to the old BEE scheme) included in the Group results for the six months ended
31 December 2013 have been reversed.
6. The recurring employee portion expense, relating to the new BEE scheme, for the six-month period has been included.
The valuation assumptions are consistent with those used in the RCL Foods Limited audited financial statements for
the year ended 30 June 2014.

Transaction costs
The transaction costs related to the Transactions are once-off and the pro forma financial effect seeks to demonstrate the
impact of excluding the non-recurring expense.

7. Transaction costs relating to the Transactions have been reversed.

Pro-rata share issue
The cash inflow from the pro-rata share issue occurred on 10 February 2014. The interest earned on the cash is expected to
be recurring. The effects below seek to demonstrate the impact of receiving the cash on 30 June 2013.

8. Interest earned on the cash received from the pro-rata share issue for the period 1 July 2013 to 31 December 2013, at
an average rate of 5.15% has been included.

Foodcorp financing activities
The Foodcorp Euro-denominated debt was settled during the 2014 financial year by utilising funds obtained from a rand-
denominated bridging loan and existing financial resources. The Euro-denominated debt was settled in November 2013
(10%) and April 2014 (remaining 90%). The bridging loan was obtained in April 2014. The pro forma financial effects seek to
demonstrate the impact of replacing the SSNs with the bridging loan for the half year. The expenses related to the SSNs are
considered once-off and the expense related to the bridging loan is considered recurring until such time that the bridging
loan is repaid.

9. All finance costs (including foreign exchange gains and the profit on the extinguishment of debt) currently included in
the Group results for the six months ended 31 December 2013 relating to the SSNs have been reversed.
10. The interest relating to cash utilised in settling the SSNs for the period from 1 July 2013 to the date of redemption of
the SSNs settled in November has been calculated at a rate of 5.15% and deducted from finance income.
11. Interest relating to the bridging loan has been calculated at a rate of JIBAR plus a margin of 1.65% for the period
1 July 2013 to 31 December 2013 and added to finance costs.

Foodcorp minority buyout

The Foodcorp management buyout was effective 1 July 2013 and consequently the impact of the transaction is fully recognised
in the consolidated results for the period. The transaction with Capitau and the settlement of the related preference shares
were effective 6 September 2013. From this date, RCL Foods held a 100% interest in Foodcorp and no preference share debt.
The pro forma financial effects demonstrate the impact of reversing the non-recurring expense as well as demonstrating the
impact of assuming that the cash outflow related to the Foodcorp minority buyout occurred on 30 June 2013.

12. Interest on the cash utilised to settle the transaction with Capitau and the settlement of the preference shares for the
period from 1 July 2013 to 6 September 2013 has been calculated at a rate of 5.15% and deducted from finance income.
13. The preference share finance costs have been added back and the profit on the settlement of the preference shares
has been deducted.
14. The full non-controlling interest ("NCI") charge for Foodcorp relating to the period 1 July 2013 to 6 September 2013
has been reversed.

Weighted average ordinary shares and diluted weighted average ordinary shares

15. The shares issued in respect of the TSB Transaction occurred on 17 January 2014. The shares issued for the pro-rata
share issue occurred on 10 February 2014. The effects demonstrate the impact of the assumption that the shares were
issued for the full period.
16. The dilutive impact of the share options issued in terms of the new BEE scheme amounts to 2 395 000 and is taken
into account in determining the diluted EPS.

Diluted earnings per share

17. Diluted earnings per share has been updated for the impact of the Transactions.

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 18/02/2015 05:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2015-02-03

RCL trading statement


Shareholders are advised that RCL expects that its earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the interim period ended 31 December 2014 will be between 60 cents (+2509%) and 80 cents (+3378%) versus the EPS and HEPS of 2.3 cents for the interim period ended 31 December 2013.

The Group's results for the interim period ended 31 December 2014 are expected to be released on SENS on 18 February 2015. Consistent with the June 2014 results announcement, the Group will release a set of pro-forma comparative results for the interim period ended 31 December 2013 in order to enable shareholders to draw a meaningful comparison.

2014-12-19

RCL acquisition of fishing interests


Shareholders are referred to the announcement released on SENS on 7 November 2013, in which they were advised that the Competition Commission had approved the proposed acquisition by Oceana of the fishing interests of Foodcorp, subject to certain conditions, one of which was not acceptable to the parties.

Accordingly, the parties filed a Request for Consideration with the Competition Tribunal, challenging the condition in question. The Tribunal approved the transaction subject to conditions which were again not acceptable to the parties. The parties chose to take the matter on appeal before the Competition Appeal Court, which court has today upheld the appeal and approved the merger subject to conditions acceptable to the parties. For more information, shareholders are referred to the announcement released by Oceana on SENS.

2014-11-24

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201411240038A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:



Director of major subsidiary : D B Mavume
Company : Foodcorp (Pty) Ltd

Date of transaction : 20 November 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 110,466
and exercised
Option grant date : 23 November 2007
Option grant price : R15.44
Total value of transaction : R1,705,595.04
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 20 November 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 110,466
Selling price : 40 157 at R16.00 each; 1 000 at R16.20
each; 16 936 at R16.50 each; 400 at
16.60 each; 2 492 at R16.61 each; 172 at
R16.62 each; 18 019 at R16.65 each; 599
at R16.66 each; 30 025 at R17.00 each;
and 666 at R17.01 each
Total value of transaction : R1,820,796.11
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
24 November 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/11/2014 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2014-11-13

RCL -- report on proceedings of AGM


At the 48th (forty-eighth) annual general meeting ("AGM") of the shareholders of RCL Foods held today, 13 November 2014, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, RCL Foods confirms the voting statistics from the AGM as follows: The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

2014-10-31

RCL -- Business restructure


Further to the Group financial results announcement for the year ended 30 June 2014, released on the Stock Exchange News Service on 27 August 2014, shareholders are now advised of the RCL Foods Board"s proposed implementation of a top level restructure within the RCL Foods Group.

To date, the Group has been structured around the statutory companies of Foodcorp, Rainbow, TSB and Vector. The Board has resolved to restructure the Group into the logical business clusters of "Consumer" (which includes Rainbow and Foodcorp"s Grocery, Beverages, Pies and Speciality divisions) and "Sugar & Milling" (which includes TSB, Rainbow"s Feed division Epol and Foodcorp"s Milling and Baking divisions). Vector will continue to operate as a standalone business, ultimately responsible for all of the Group operations" route to market. The restructure will be effective from 1 January 2015 and the Board is confident that it will facilitate the delivery of the Group"s strategy to build an African food business of scale.

Scott Pitman, currently MD of Rainbow, has been appointed MD of the Consumer division and John du Plessis, currently MD of TSB, has been appointed MD of the Sugar and Milling division. Cliff Sampson, currently MD of Foodcorp, has elected not to accept a position within the restructured RCL Foods Group and, as such, will leave the business at the end of December 2014. The Board would like to take this opportunity to thank Cliff for his leadership and commitment to Foodcorp and RCL Foods over the past years and wish him well for his future endeavours.

2014-09-30

RCL -- No change statement and notice of AGM


With regard to the audited results for the year ended 30 June 2014, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 September 2014 and contain no modifications to the audited results which were published on SENS on 27 August 2014.

Notice is hereby given that the 48th annual general meeting of RCL Foods shareholders will be held at Six The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Thursday, 13 November 2014 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
*Record date to determine which shareholders are entitled to receive the notice of annual general meeting - Friday, 19 September
*Last day to trade in order to be eligible to attend and vote at the annual general meeting - Friday, 31 October
*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting - Friday, 7 November
*Forms of proxy for the annual general meeting to be lodged by 08h30 on - Tuesday, 11 November*
*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

2014-09-16

RCL foods analyst and investor day


Shareholders are advised that Group and divisional management of RCL Foods and TSB Sugar RSA (Pty) Ltd. ("TSB") will host an analyst and investor site visit to the TSB operations in Malalane in Mpumalanga on 17 September 2014. The programme will include an introductory overview of TSB, followed by a site visit orientation and tour of the milling, packaging and animal feed operations.

The presentation by management will be available on the Group website at www.rclfoods.com by no later than 09h30 on 17 September 2014, and does not contain new material information about the current trading or future financial performance of either RCL Foods or TSB.

2014-08-27

RCL FOODS LIMITED - Annexure to the results announcement


RCL 201408270049A
Annexure to the results announcement

RCL FOODS LIMITED ("RCL Foods" or "Group")
Registration number: 1966/004972/06
JSE share code: RCL
ISIN: ZAE000179438

Annexure to the results announcement

By eliminating the impact of the corporate transactions, the Group"s attributable profit to
equity holders of the company improves from the published loss of R289,0 million to a pro forma
profit of R428,4 million with an earnings per share of 50,2 cents.

INTRODUCTION
During the current financial year RCL Foods concluded
significant corporate transactions, certain of which had
a material impact on the published results which are
listed below:

- Acquired 100% of the issued ordinary shares in
TSB Sugar RSA Proprietary Limited and TSB Sugar
International Proprietary Limited (collectively referred
to as "TSB") from TSB Holdings ("TSB Transaction")

- Restructured the existing BEE notional vendor
financed shareholding and implemented a new BEE
transaction ("BEE Transaction")

- Raised R790,2 million in a pro-rata minority share
offer ("Pro rata share issue")

- Redeemed Foodcorp"s Euro-denominated Senior
Secured Notes ("SSN"s") in November 2013 and
April 2014 through cash and new rand-based debt
("Foodcorp financing activities")

- Acquired the remaining 35,82% minority
interest in New Foodcorp Holdings
Proprietary Limited ("Foodcorp") in two
transactions from Foodcorp management
(1 July 2013) and Capitau Investment Advisers
Proprietary Limited ("Capitau") (6 September 2013)
for a total consideration of R520,7 million
("Foodcorp minority buyout").

RCL Foods has consequently published the pro forma
financial information below that aims to provide
shareholders with a better understanding of the
underlying financial performance of the Group through
the inclusion of a full year impact of the corporate
transactions and the elimination of once-off charges
related to corporate transactions.The pro forma financial
information is the responsibility of the directors and has
been prepared for illustrative purposes only and due to
its nature may not fairly present the Group"s income
statement. The pro forma financial information refers
only to past events and does not contain any forward
looking projections. PricewaterhouseCoopers Inc. have
reported on the pro forma financial information which
report is available for inspection at the registered office
of RCL Foods.

The pro forma financial information, assuming an
effective date of the transactions being 30 June 2013,
effectively presents the following:

TSB Transaction:

- Inclusion of the full year results of TSB

BEE Transaction:

- Exclusion of the current year BEE expenses relating
to the old BEE scheme (including the once-off
acceleration charge of R14,2 million)

- Exclusion of the once-off expenses relating to the new
BEE scheme

- Inclusion of the recurring IFRS 2 charge for a
12-month period relating to the new BEE scheme

Transaction costs:

- Exclusion of all transaction costs associated with the
corporate transactions

Pro rata share issue:

- Inclusion of the finance income for the full year in
respect the cash received from the new shares issued

Foodcorp financing activities:

- Exclusion of the current year effects of Foodcorp"s
Euro denominated debt which removes the impact
of interest on the Euro denominated debt, foreign
currency losses and the bond redemption gain

- Inclusion of finance expense related to the
replacement rand based debt for a full 12 months

Foodcorp minority buyout:

- Exclusion of finance income earned on the cash
utilised to settle the acquisition of shares from
Capitau

- Exclusion of the finance costs and the gain on the
settlement of the preference shares

- Reversal of the loss attributable to minorities in
Foodcorp

The impact of the investment in Senn Foods Logistics
(Pty) Limited and Zamhatch Ltd has not been taken into
account as the impact is considered to be immaterial.

The elimination of corporate transaction costs (R27,4 million),
the BEE expenses relating to the old BEE scheme (R16,1 million),
the once -off BEE expense relating to the new BEE scheme (R88,5 million)
and the NCI relating to the Foodcorp minority buy-out (R7,4 million) is
contrary to IFRS as this effectively removes the amounts from the
pro-forma information. However in terms of the JSE guidance letters of
March 2010-Presentation of pro forma financial information and
August 2012-Presentation of constant currency information the non-application
of IFRS in the context of pro formas on a voluntary basis to accompany
results is not prohibited.

PRO FORMA CONSOLIDATED INCOME STATEMENT
Transaction Pro rata
TSB Transaction BEE Transaction Costs share issue Foodcorp financing activities Foodcorp minority buyout
TSB Sugar
Holdings
Proprietary
Limited
Published (TSB Sugar) Reversal of Pro forma
audited audited elimination Reversal Reversal of Interest Foodcorp results
12 months 6 months of inter- BEE of Senior interest Additional earned Impact of non- 12 months
ended ended group current Interest Secured earned on interest on on cash – Capitau controlling ended
30 June 31 Dec sales year ESOP Transaction earned Notes cash – bridging Foodcorp preference interest 30 June
R"000 2014 2013(3) 6 months(4) charge(5) charge(6) costs(7) on cash(8) (SSNs)(9) SSNs(10) loan(11) buyout(12) shares(13) (NCI)(14) 2014
Continuing operations)
Revenue 19 719 965 2 939 318 (13 553) 22 645 730
Operating profit before depreciation,
amortisation and impairment (EBITDA) 1 122 220 205 955 112 486 (17 600) 27 440 (15 940) 1 434 561
Depreciation, amortisation and impairment (588 177) (67 815) (655 992)
Operating profit 534 043 138 140 112 486 (17 600) 27 440 (15 940) 778 569
Finance costs (1 043 458) (31 330) 903 573 (232 902) 617 (403 500)
Finance income 148 283 2 730 25 085 (71 086) (38 551) (1 228) 65 233
Share of profits of joint ventures 16 854 4 353 21 207
Share of loss of associate (6 520) 102 080 95 560
(Loss)/profit before tax (350 798) 215 973 112 486 (17 600) 27 440 25 085 832 487 (38 551) (232 902) (1 228) (15 323) 557 069
Income tax expense 44 061 (44 963) (7 024) (233 096) 10 794 65 213 344 4 290 (160 381)
Loss after tax from continuing operations (306 737) 171 010 112 486 (17 600) 27 440 18 061 599 391 (27 757) (167 689) (884) (11 033) 396 688
Profit for the year from discontinued operation 29 755 29 755
(Loss)/profit for the year (276 982) 171 010 112 486 (17 600) 27 440 18 061 599 391 (27 757) (167 689) (884) (11 033) 426 443
Attributable to:
Equity holders of the company (289 039) 192 431 112 486 (17 600) 27 440 18 061 599 391 (27 757) (167 689) (884) (11 033) (7 403) 428 404
Non-controlling interests 12 057 (21 421) 7 403 (1 961)
RECONCILIATION OF HEADLINE EARNINGS
Continuing operations
(Loss)/profit for the year attributable to
equity holders of the company (318 794) 192 431 112 486 (17 600) 27 440 18 061 599 391 (27 757) (167 689) (884) (11 033) (7 403) 398 649
(Profit)/loss on disposal of property,
plant and equipment (9 192) 136 (9 056)
Impairment loss reversed (4 639) (4 639)
Headline earnings from continuing
operations (332 625) 192 567 112 486 (17 600) 27 440 18 061 599 391 (27 757) (167 689) (884) (11 033) (7 403) 384 954
Discontinued operation
Profit for the year attributable to equity holders
of the company 29 755 29 755
Headline earnings from discontinued
operation 29 755 29 755
Earnings per share from continuing and
discontinued operations attributable to
equity holders of the company (cents)
Basic earnings per share
From continuing operations (45,7) 46,7
From discontinued operation 4,3 3,5
From (loss)/profit for the year attributable to
equity holders of the company (41,4) 50,2
Diluted earnings per share17
From continuing operations (45,7) 46,6
From discontinued operation 4,3 3,5
From (loss)/profit for the year attributable to
equity holders of the company (41,4) 50,1
Ordinary shares in issue ("000)
Weighted average ordinary shares in issue 697 988 853 924
Diluted weighted average ordinary shares in issue 697 988 856 264
Pro forma financial effects on
segmental analysis
R"000
Revenue 19 719 965 2 939 318 (13 553) 22 645 730
Foodcorp 7 768 001 7 768 001
Rainbow 8 732 933 8 732 933
TSB 2 482 052 2 939 318 5 421 370
Vector 1 699 903 1 699 903
Sales between segments: –
Foodcorp to Rainbow (61 981) (61 981)
Rainbow to Foodcorp (51 736) (51 736)
TSB to Foodcorp (13 552) (13 553) (27 105)
Vector to Foodcorp (21 495) (21 495)
Vector to Rainbow (814 160) (814 160)
Operating profit/(loss) before depreciation,
amortisation and impairment (EBITDA) 1 122 220 205 955 112 486 (17 600) 27 440 (15 940) 1 434 561
Foodcorp 720 960 (5 312) 715 648
Rainbow 203 650 2 656 (5 862) 200 444
TSB 147 483 205 955 (4 095) 349 343
Vector 199 132 727 (2 213) 197 646
Unallocated Group costs (149 005) 109 103 (118) 27 440 (15 940) (28 520)
Depreciation, amortisation and impairment (588 177) (67 815) (655 992)
Operating profit/(loss) 534 043 138 140 112 486 (17 600) 27 440 (15 940) 778 569
Foodcorp 455 172 (5 312) 449 860
Rainbow 622 2 656 (5 862) (2 584)
TSB 79 541 138 140 (4 095) 213 586
Vector 149 119 727 (2 213) 147 633
Unallocated Group costs (150 411) 109 103 (118) 27 440 (15 940) (29 926)
Finance costs (1 043 458) (31 330) 903 573 (232 902) 617 (403 500)
Finance income 148 283 2 730 25 085 (71 086) (38 551) (1 228) 5 233
Share of profits of joint ventures 16 854 4 353 21 207
TSB 9 327 4 353 13 680
Zambian operations 7 527 7 527
Share of loss of associate (6 520) 102 080 95 560
TSB (6 520) 102 080 95 560

(Loss)/profit before tax (350 798) 215 973 112 486 (17 600) 27 440 25 085 832 487 (38 551) (232 902) (1 228) (15 323) 557 069
Pro forma financial effects on weighted average ordinary and diluted weighted average ordinary shares in issue Number of shares "000
Published audited 12 months ended 30 June 2014 697 988
Impact of TSB transaction15 126 546
Impact of pro-rata share issue15 29 390
Pro forma weighted average number of shares in issues 853 924
Share option dilution impact16 2 340
Pro forma diluted weighted average number of shares in issues 856 264

NOTES
1. The pro forma consolidated income statement was prepared on
the assumption that the TSB Transaction, the BEE Transaction,
the Transaction costs, the Pro rata share issue, the Foodcorp
financing activities and Foodcorp minority buyout occurred on
30 June 2013.

2. The consolidated income statement of RCL Foods Limited was
extracted from its audited financial statements for the year
ended 30 June 2014.

TSB Transaction
The effective date of the TSB Transaction was 1 January 2014. The
effects below seek to demonstrate the impact of consolidating
TSB"s results for a 12-month period. The consolidation of TSB will
be recurring.

3. The consolidated income statement of TSB Sugar was extracted
from its audited financial statements for the period 1 July 2013
to 31 December 2013.

4. Inter-company sales between Foodcorp and TSB for the period
1 July 2013 to 31 December 2013 have been reversed.

BEE transaction
The effective date of the new BEE Transaction and the cancellation
of the old BEE scheme was 17 January 2014. The Group"s income
statement includes the effect of the once-off charges related to
the cancellation of the old scheme (non-recurring), the once-off
charges related to the Strategic Partners" equity holding (non-
recurring) and a portion of the charges related to the employee
portion (recurring) of the new BEE Scheme. The effects below seek
to demonstrate the impact of excluding the non-recurring expenses
related to the BEE Transaction and including a full year"s effect of
the recurring charge relating to the new BEE Scheme.

5. All BEE expenses (relating to the new and old scheme) included
in the Group results have been reversed.

6. The recurring employee portion expense, relating to the new
scheme, for the 12-month period has been included. The
valuation assumptions are consistent with those used in the
RCL Foods Limited audited financial statements.

Transaction costs
The transaction costs related to the corporate transactions are
once-off and the effect below seeks to demonstrate the impact of
excluding the non-recurring expense.

7. Transaction costs relating to the corporate transactions have
been reversed.

Pro-rata share issue
The cash inflow from the pro-rata share issue occurred on
10 February 2014. The interest earned on the cash is expected to
be recurring. The effects below seek to demonstrate the impact of
receiving the cash on 30 June 2013.

8. Interest earned on the cash received from the pro rata share
issue for the period 1 July 2013 to 10 February 2014, at an
average rate of 5,15% has been included.

Foodcorp financing activities
The Foodcorp Euro-denominated debt was settled during the year
by utilising funds obtained from a rand-denominated bridging loan
and existing financial resources. The Euro-denominated debt was
settled in November 2013 (10%) and April 2014 (remaining 90%).
The bridging loan was obtained in April 2014. The effects below
seek to demonstrate the impact of replacing the SSN"s with the
bridging loan for the full year. The expenses related to the SSN"s
are considered once-off and the expense related to the bridging
loan is considered recurring until such time that the bridging loan
is repaid.

9. Allfinance costs (including foreign exchange losses and the
profit on the extinguishment of debt) currently included in the
Group results relating to the SSN"s have been reversed.

10. The interest relating to cash utilised in settling the SSN"s for
the period from 1 July 2013 to the date of redemption has
been calculated at a rate of 5,15% and deducted from finance
income.

11. Interest relating to the bridging loan has been calculated
at a rate of JIBAR plus a margin of 1,65% for the period
1 July 2013 to 9 April 2014 and added to finance costs.

Foodcorp minority buy out
The Foodcorp management buyout was effective 1 July 2013 and
consequently the impact of the transaction is fully recognised
in the consolidated results for the year. The transaction with
Capitau and the settlement of the related preference shares
were effective 6 September 2013. From this date, RCL Foods
held a 100% interest in Foodcorp and no preference share debt.
The effect below demonstrates the impact of reversing the non-
recurring expense as well as demonstrates the impact of assuming
that the cash outflow related to the transactions occurred on
30 June 2013.

12. Interest on the cash utilised to settle the transaction with
Capitau and the settlement of the preference shares for the
period from 1 July 2013 to 6 September 2013 has been
calculated at a rate of 5,15% and deducted from finance
income.

13. The preference share finance costs have been added back and
the profit on the settlement of the preference shares has been
deducted.

14. The full non-controlling interest ("NCI") charge for Foodcorp
relating to period 1 July 2013 to 6 September 2013 has been
reversed.

Weighted average ordinary shares and diluted weighted
average ordinary shares

15. The shares issued in respect of the TSB acquisition occurred on
17 January 2014. The shares issued for the pro rata minority
offer occurred on 10 February 2014. The effects demonstrate
the impact of the assumption that the shares were issued for
the full year.

16. The dilutive impact of the share options issued in terms of the
employee share schemes amounts to 2 340 000 and is taken
into account in determining the diluted EPS as the pro forma
adjustments result in a pro forma profit for the year.

Diluted earnings per share

17. Dilutive earnings per share has been updated for the impact of
the above transactions.



Date: 27/08/2014 05:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2014-08-27

RCL final results June 2014


Revenue from continuing operations jumped to R19.7 billion (R10.1 billion). Operating profit shot up to R534.0 million (R167.1 million). Loss attributable to equity holders was R289.0 million (profit of R27.2 million). Furthermore, headline loss per share from continuing operations were 47.7 cents per share (earnings of 4.8 cents per share).

Dividend
The directors have resolved to declare a final gross cash dividend (number 79) of 20 cents per share for the period ended 30 June 2014 (nil). No interim dividend was declared and paid in either the 2014 or 2013 financial year. Declaration of a dividend for 2014 signals the board"s intention to resume paying dividends, subject to the

Prospects
The weak state of the South African economy, expectations of rising interest rates, escalating and prolonged labour strikes and the significant devaluation of the local currency means a sustainable improvement in consumer spending is unlikely in the near future. The impact of this is pervasive across all RCL Foods" segments.

The poultry industry remains in crisis and the effectiveness of the recently announced anti-dumping protection will be key to the survival of the industry. Market prices of maize and soya meal have declined recently and are likely to translate into a lower feed cost if sustained at current levels.

With the current favourable level of irrigation resources and the carryover of cane due to the industry strike, a good production season is expected for TSB. The lower level of sugar imports since the promulgation of the new tariff promises a normalisation in the SACU sugar market and better marketing conditions are expected.

The redemption of Foodcorp"s Euro denominated debt has removed the significant foreign currency valuation volatility and allowed a more appropriate funding structure to be implemented, which will result in a more stable and lower cost of funding going forward.

The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.

2014-08-18

RCL -- Revised trading statement


Shareholders are referred to the Trading Statement issued on SENS on 5 August 2014 advising that the Group expected its earnings per share ("EPS") and headline earnings per share ("HEPS") from continuing operations to be losses of between 50 and 60 cents ("the previous Trading Statement").

The Group is finalising its results for the year ended 30 June 2014 and advises shareholders of the following, which replaces the range quoted above:
*EPS and HEPS are expected to be losses of between 45 and 50 cents compared to profits of 4.5 cents and 4.8 cents respectively for the comparable period.

The improvement from the previous Trading Statement relates to a change in the finalisation of the preliminary purchase price allocation in respect of the New Foodcorp Holdings (Pty) Ltd. acquisition, which has adjusted the June 2013 opening balance sheet. The Group"s results for the year ended 30 June 2014 are expected to be released on SENS on or about 27 August 2014. Accompanying these results the Group will release a set of pro-forma results, based on the assumption that all of the corporate activities (as described in the previous Trading Statement) occurred on 30 June 2013, in order to provide shareholders with a better understanding of the underlying performance of the Group for the year ended 30 June 2014. The financial information on which this revised trading statement is based has not been reviewed and reported on by the Group"s external auditors.

2014-08-05

RCL release trading statement


Shareholders are advised that RCL expects that its earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ended 30 June 2014 from continuing operations will be a loss of between 50 cents and 60 cents versus the EPS of 4.5 cents and HEPS of 4.8 cents for the corresponding year ended 30 June 2013.

The decrease in EPS and HEPS is largely due to the impact of the following corporate transactions:
* Redemption of New Foodcorp Holdings (Pty) Ltd.'s ("Foodcorp") Euro-denominated Senior Secured Notes ("SSN"s") at a premium (the SSN"s were redeemed in two tranches, 10% @ 103% in November 2013 and the remaining 90% @ 108.75% in April 2014) and which crystalised material forex losses (net of hedges);
* Restructuring of the BEE shareholdings resulting in material IFRS 2 charges;
* Transaction costs associated with the abovementioned transactions, as well as with the buyout of the remaining 35.8% minority interest in Foodcorp, the acquisition of TSB Sugar RSA (Pty) Ltd. ("TSB") and the R790.1m pro-rata minority rights offer.

In addition, TSB"s results since acquisition on 1 January 2014 were compromised by the three month off-crop season from January to March, the high volumes of imports impacting sugar prices, as well as the two week industry strike.

The Group"s results for the year ended 30 June 2014 are expected to be released on SENS on or about 27 August 2014. Accompanying these results the Group will release a set of pro-forma results, based on the assumption that all of the above corporate activities occurred on 30 June 2013, in order to provide shareholders with a better understanding of the underlying performance of the Group for the year ended 30 June 2014.

2014-06-05

RCL FOODS LIMITED - Dealings in securities by directors of a major subsidiary


RCL 201406050045A
Dealings in securities by directors of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : C D Creed
Company : Vector Logistics (Pty) Ltd

Date of transaction : 3 June 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted
and exercised : 139,119
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R1,837,761.99
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 139,119
Selling price : R16.50
Total value of transaction : R2,295,463.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : Off market acceptance and exercise of
share appreciation rights
Class of securities : Share appreciation rights equating to
28,381 ordinary shares
Number of rights accepted
and exercised : 176,730
Rights award date : 1 August 2009
Rights award price : R14.27
Total award value : R2,521,937.10
Rights exercise price : R17.00
Total exercise value : R3,004,414.10
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 28,381
Selling price : R17.00
Total value of transaction : R482,477.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : Off market acceptance and exercise of
share appreciation rights
Class of securities : Share appreciation rights equating to
12,062 ordinary shares
Number of rights accepted
and exercised : 90,334
Rights award date : 2 June 2010
Rights award price : R14.73
Total award value : R1,330,619.82
Rights exercise price : R17.00
Total exercise value : R1,535,673.82
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 12,062
Selling price : R17.00
Total value of transaction : R205,054.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 18,961
Selling price : R16.50
Total value of transaction : R312,856.50
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 4 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 50,039
Selling price : R16.50
Total value of transaction : R825,643.50
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director : S Pillay
Company : Vector Logistics (Pty) Ltd

Date of transaction : 3 June 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted
and exercised : 45,416
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R599,945.36
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 3 June 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 45,416
Selling price : 43,916 shares at R16.50 and
1,500 shares at R16.51
Total value of transaction : R749,379.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
5 June 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05/06/2014 01:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2014-05-29

RCL FOODS LIMITED - Dealings in securities by a director of a major subsidiary


RCL 201405290010A
Dealings in securities by a director of a major subsidiary

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : P E Gibbons
Company : Vector Logistics (Pty) Ltd

Date of transaction : 27 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 19,517
and exercised
Option grant date : 22 May 2008
Option grant price : R13.21
Total value of transaction : R257,819.57
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 27 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 19,517
Selling price : R17.00
Total value of transaction : R331,789.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
29 May 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/05/2014 08:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2014-05-26

RCL FOODS LIMITED - Dealings in Securities by Directors and Company Secretary and Directors of Major Subsidiaries


RCL 201405260043A
Dealings in Securities by Directors and Company Secretary and Directors of Major Subsidiaries

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY AND DIRECTORS OF
MAJOR SUBSIDIARIES

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Share options issued to the following directors and company secretary on 1
August 2007 are due to expire on 1 August 2014. This expiry date will fall
within a closed period as the company's financial year ends on 30 June 2014,
and consequently the options would lapse if not exercised by 30 June 2014.

In all of the following transactions, each participant in the share
incentive scheme has accepted and exercised the options issued to him, and
subsequently sold the shares issued.


Director : M Dally
Company : RCL Foods Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 1,188,688
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R18,079,944.48

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 1,188,688
Selling price : R17.00
Total value of transaction : R20,207,696.00


Director : R H Field
Company : RCL Foods Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 619,147
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R9,417,225.87

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 619,147
Selling price : R17.00
Total value of transaction : R10,525,499.00


Company Secretary : J M J Maher
Company : RCL Foods Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 45,052
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R685,240.92

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 45,052
Selling price : R17.00
Total value of transaction : R765,884.00


Director : D S Pitman
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 342,615
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R5,211,174.15

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 342,615
Selling price : R17.00
Total value of transaction : R5,824,455.00


Director : T J Harding
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 374,840
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R5,701,316.40

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 374,840
Selling price : R17.00
Total value of transaction : R6,372,280.00


Director : S B Heath
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 400,825
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R6,096,548.25

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 400,825
Selling price : R17.00
Total value of transaction : R6,814,025.00


Director : P D Cruickshank
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 74,288
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R1,129,920.48

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 74,288
Selling price : R17.00
Total value of transaction : R1,262,896.00


Director : W A De Wet
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 374,425
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R5,695,004.25

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 374,425
Selling price : R17.00
Total value of transaction : R6,365,225.00


Director : D S Milne
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 39,595
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R602,239.95

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 39,595
Selling price : R17.00
Total value of transaction : R673,115.00


Director : W E Schwimmbacher
Company : Rainbow Farms (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 48,057
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R730,946.97

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 48,057
Selling price : R17.00
Total value of transaction : R816,969.00


Director : C D Creed
Company : Vector Logistics (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 431,854
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R6,568,499.34

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 431,854
Selling price : R17.00
Total value of transaction : R7,341,518.00


Director : P E Gibbons
Company : Vector Logistics (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 45,547
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R692,769.87

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 45,547
Selling price : R17.00
Total value of transaction : R774,299.00


Director : R J Matthews
Company : Vector Logistics (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 37,100
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R564,291.00

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 37,100
Selling price : R17.00
Total value of transaction : R630,700.00


Director : S Pillay
Company : Vector Logistics (Pty) Limited

Date of transaction : 22 May 2014
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 99,750
and exercised
Option grant date : 1 August 2007
Option grant price : R15.21
Total value of transaction : R1,517,197.50

Date of transaction : 23 May 2014
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 99,750
Selling price : R17.00
Total value of transaction : R1,695,750.00

The nature of interest in respect of all of the parties above is direct
beneficial and clearance was obtained for each.


Durban
26 May 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 26/05/2014 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2014-05-26

RCL implementation of BEE transaction


RCL shareholders ("Shareholders") are referred to
* the circular posted to Shareholders on 12 December 2013 wherein Shareholders were inter alia advised on the company"s intention to implement a broad based black economic empowerment transaction with strategic partners of RCL ("RCL BEE Transaction");
* the announcement released on the Stock Exchange News Service on Monday, 31 March 2014 wherein Shareholders were advised of the fact that the RCL BEE Transaction had not become unconditional due to various delays with filings at the Companies and Intellectual Property Commission.

The RCL BEE Transaction has now become unconditional and will be implemented today, 26 May 2014.

2014-05-09

RCL acquisition announcement


RCL shareholders are referred to the announcement released on SENS on Friday, 7 March 2014, wherein shareholders were advised that RCL, through one of its operating subsidiaries Vector Logistics (Pty) Ltd., had entered into an agreement to acquire a 49% shareholding in Senn Foods Logistics (Pty) Ltd. of Botswana, for P65.5 million (R79.9 million) ("the acquisition").

The acquisition was subject to regulatory approvals in Botswana and South Africa, and RCL confirmed that the necessary approvals have been obtained and that the acquisition is unconditional. Senn Foods Logistics is the largest cold chain distribution business in Botswana and is involved in the distribution of dry, frozen and chilled foodstuffs. The business currently represents almost all of Vector"s principals in Botswana including Rainbow, McCain, I&J and Fry"s as well as QSR customers Chicken Licken, Nando"s, Spur and Wimpy.

The acquisition is in line with RCL"s growth aspirations into Africa and Vector's long term strategy to extend its reach into other African countries and to offer world class logistics and sales solutions to existing and future partners in these countries.

2014-04-08

RCL results of special resolution


RCL are referred to:
* the announcement by RCL dated 14 March 2014 wherein Shareholders were notified of a special resolution to be considered and voted on in writing by the Shareholders in terms of section 60 of the Companies Act, in connection with the provision of financial assistance by RCL in terms of section 44 and section 45 of the Companies Act (the "Special Resolution"); and
* the notice of the Special Resolution which was posted to Shareholders on Friday, 14 March 2014.

Shareholders were entitled to exercise their votes in respect of the Special Resolution for a period of 20 (twenty) business days after the Special Resolution was submitted to them. Shareholders are however advised that, as at the date of this announcement, the percentage of voting rights required to adopt the Special Resolution have been exercised by Shareholders in favour of the Special Resolution, and the Special Resolution has been passed.

2014-03-31

RCL Foods-update on BEE transactions


RCL Foods shareholders ("Shareholders") are referred to:
*the circular posted to Shareholders on 12 December 2013 wherein Shareholders were inter alia advised on the Company"s intention to implement two broad based black economic empowerment ("BEE") transactions with strategic partners of RCL Foods ("RCL Foods BEE Transaction") and TSB Sugar Holdings Limited (TSB BEE Transaction) (collectively the BEE Transactions);
*the announcement released on the Stock Exchange News Service on Thursday, 16 January 2014 wherein Shareholders were advised of the fact that all Shareholder resolutions required to inter alia authorise the implementation of the BEE Transactions had been duly passed by Shareholders at a general meeting of the Company held on Thursday, 16 January 2014.

The Company had originally anticipated implementing the BEE Transactions by Monday, 31 March 2014. However, due to various delays at the Companies and Intellectual Property Commission ("CIPC"), the BEE Transactions cannot be implemented by the anticipated date. This includes with regard to the filing of the amendment to RCL Foods" memorandum of incorporation in order to give effect to an increase in RCL Foods" share capital. The TSB BEE Transaction has become unconditional and will be implemented on Thursday, 3 April 2014. With regard to the RCL Foods BEE Transaction, certain conditions precedent (relating to CIPC filings) remain outstanding and the Company anticipates that the RCL Foods BEE Transaction will be implemented by no later than Friday, 30 May 2014.

2014-03-14

RCL Foods -- Section 60 special resolution


Notice was given that the board of directors of the company ("Board") has resolved to submit a special resolution to be considered and voted on in writing by the shareholders of the company ("Shareholders") in terms of section 60 of the Companies Act, in connection with the provision of financial assistance by RCL Foods:
*to any person for the purpose of, or in connection with, the subscription for any option, or any securities, issued or to be issued by RCL Foods, or any related or inter-related company, or for the purchase of any securities of RCL Foods, or any related or inter-related company; and/or
*to a director or prescribed officer of RCL Foods or of a related or inter-related company, or to a related or inter-related company or corporation, or to a member of a related or inter- related corporation, or to a person related to any such company, corporation, director, prescribed officer or member, (the "Special Resolution").

Rationale
Foodcorp (Pty) Ltd., being an indirect, wholly owned subsidiary of RCL Foods, intends to refinance its indebtedness (which will include a redemption of its EUR351 000 000 8.75% Senior Secured Notes due 2018 ("Notes")) on 11 April 2014, inter alia by way of (i) a ZAR4 500 000 000 secured bridge facility ("Bridge Facility") and (ii) a secured general banking facility up to ZAR1 000 000 000 ("General Facility").

In order to secure the Bridge Facility and the General Facility, RCL Foods is required to inter alia guarantee the obligations under the aforementioned facilities and to provide security in the form of inter alia, a pledge of the shares held by it in its subsidiaries (collectively, the "Security"). The giving of the Security constitutes the provision of financial assistance within the ambit of sections 44 and 45 of the Companies Act.

In the circumstances, in order to enable the Board to authorise the provision of the Security for purposes of inter alia securing the Bridge Facility and the General Facility and to in future authorise the provision of financial assistance to group companies, the Special Resolution is being submitted to Shareholders for consideration. The Special Resolution will be valid for a period of 2 years from the date of its adoption.

In terms of section 60 of the Companies Act, a resolution that could be voted on at a shareholders' meeting may instead be submitted for consideration to the Shareholders to be voted on in writing by Shareholders within 20 (twenty) business days after the resolution was submitted to them. So as to avoid the need for convening a general meeting of Shareholders, the Board has resolved to propose that the Shareholders consider and, if deemed appropriate, approve the Special Resolution by written consent in terms of section 60 of the Companies Act. Salient dates and times:
* Record date to determine which Shareholders are entitled to receive the notice of the Special Resolution ("Notice") on Friday, 7 March 2014
*Last day to trade in shares in RCL Foods ("RCL Foods Shares") in order to be recorded in the share register in order to vote on the Special Resolution on Thursday, 13 March 2014
*Notice posted to Shareholders on or about Friday, 14 March 2014
*Record date to be entitled to vote on the Special Resolution on Thursday, 20 March 2014
*In respect of holders of dematerialised RCL Foods Shares, last day to vote on the Special Resolution by 17:00 on Tuesday, 22 April 2014
*In respect of holders of certificated RCL Foods Shares, last day to return forms of consent in respect of the Special Resolution to the company"s transfer secretary by 13:30 on Tuesday, 22 April 2014
*Results of the voting to be published on SENS -- The business day on which the Special Resolution has been adopted
*Posting of statement describing the results of the vote -- Within 10 (ten) business days after the adoption of the Special Resolution

Documentation
The Notice incorporating the Special Resolution and a form of consent for use by holders of certificated holders of RCL Foods Shares and holders of dematerialised RCL Foods Shares with "own name" registration only, will be posted to Shareholders on 14 March 2014. It will also be available on the company"s website www.rclfoods.com from 14 March 2014 until 22 April 2014.

2014-03-12

RCL- notice of redemption of secured notes


RCL Foods today announces that its wholly owned subsidiary, Foodcorp Proprietary Limited ("Foodcorp"), has issued a notice for the redemption (the "Redemption") of all of its currently outstanding EURO351,000,000 aggregate principal amount of 8.75% Senior Secured Notes due 2018 (the "Notes"). Foodcorp will on or about 11 April 2014 (the "Redemption Date") redeem the Notes for cash in an amount equal to the aggregate redemption price (being 108.750% of the outstanding principal amount), plus accrued and unpaid interest to (but not including) the Redemption Date. The Redemption will be funded through a locally sourced ZAR debt package. The notice of redemption sent to Notes holders and dated 12 March 2014, contains additional information concerning the terms of the Redemption. This announcement is for informational purposes only and shall not constitute an offer to purchase the Notes or any other securities.

2014-03-07

RCL acquisition announcement


RCL, through one of its operating subsidiaries Vector Logistics (Pty) Ltd., has entered into an agreement to acquire a 49% shareholding in Senn Foods Logistics (Pty) Ltd. of Botswana, for BWP65.5 million (R79.9 million) ("the acquisition"). Senn Foods Logistics is the largest cold chain distribution business in Botswana and is involved in the distribution of dry, frozen and chilled foodstuffs. The business currently represents almost all of Vector"s principals in Botswana including Rainbow, McCain, I&J and Fry"s as well as QSR customers Chicken Licken, Nando"s, Spur and Wimpy.

The acquisition is in line with RCL"s growth aspirations into Africa and Vector"s long term strategy to extend its reach into other African countries and offer world class logistics and sales solutions to existing and future partners in these countries. The acquisition is subject to regulatory approvals in Botswana and South Africa.

2014-02-19

RCL interim results December 2013


Revenue for the interim period ended 31 December 2013 increased to R8.8 billion (R4.5 billion). Operating profit grew to R443 million (R90 million), while profit attributable to equity holders dropped to R13.1 million (R52.4 million). Furthermore, headline earnings per share from continuing operations decreased to 4.8cps (17.3cps).

Dividend
The board has resolved to defer a dividend decision to year-end.

Outlook
The poor state of the South African economy, rising interest rates, mining sector strikes and the significant devaluation of the local currency means a sustainable improvement in consumer spending is unlikely in the near future. The impact of this is pervasive across all RCL Foods" segments. The poultry industry is at crisis point and anti-dumping protection will be key to the survival of the industry. The acquisition of TSB provides a unique opportunity for RCL Foods to diversify across the food industry value chain. The outlook for global sugar, however, remains challenging with the South African market suffering under high levels of imports.

ITAC gazetted the Sugar Industry"s application for an increase in the Dollar based reference price in September 2013 which is expected to be heard in the first quarter of 2014. The trading outlook for Vector is mixed, with solid profit growth coming from the filling of capacity offset by the retail business where Vector"s principals are coming under increased pressure from cheap imports. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.

2014-02-11

RCL release trading statement


The Group"s results for the six month period ended 31 December 2013 are due to be released on SENS on Wednesday 19 February 2014. RCL shareholders are advised that the Group expects its operating profit (earnings before interest and taxation) for the six month period ended 31 December 2013 to be between 380% and 400% higher than that of the six month period ended 31 December 2012, while its Earnings Per Share ("EPS") from continuing operations and Headline Earnings Per Share ("HEPS") from continuing operations for the six month period ended 31 December 2013 are expected to be between 60% and 80% lower than that of the six month period ended 31 December 2012.

The results have been impacted by the following:
* operating profit has been impacted by the first-time inclusion of Foodcorp results for the six months to December period;
* earnings are materially affected by the significant deterioration in the Rand/Euro exchange rate from 1 July 2013 to 31 December 2013, due to its impact on the valuation of the Foodcorp Eurobond and related hedges. This is a non- cashflow mark-to-market adjustment and has been accounted for as a finance cost;
* EPS and HEPS are further impacted by the dilutionary effect of additional shares in issue because of the March 2013 rights offer.

2014-02-05

RCL -- results of the pro rata offer


RCL Foods shareholders ("Shareholders") are referred to the announcement released on the Stock Exchange News Service on Friday, 17 January 2014 and to the circular issued on Thursday, 12 December 2013 advising Shareholders of a proposed R2.5 billion equity capital raising, including a pro rata offer of 74 214 642 new ordinary shares in RCL Foods ("Pro Rata Offer Shares") to qualifying RCL Foods minority shareholders at a subscription price of R16.50 (the "Pro Rata Offer").

Results of the pro rata offer
Pursuant to the Pro Rata Offer, which closed at 12:00 on Tuesday, 4 February 2014, qualifying RCL Foods minority shareholders subscribed for 47 889 945 Pro Rata Offer Shares for gross proceeds of R790 million.

Issue of pro rata offer shares
Dematerialised Shareholders, who validly subscribed for Pro Rata Offer Shares, will have their accounts at their CSDP or broker updated with the Pro Rata Offer Shares to which they are entitled on Monday, 10 February 2014. CSDPs effect payment on a delivery versus payment basis. Certificated Shareholders, who validly subscribed for Pro Rata Offer Shares, will have new share certificates in respect of the Pro Rata Offer Shares to which they are entitled posted to them, at their own risk, on Monday, 10 February 2014.

Private placement
Market conditions permitting, and not before the Company's interim results announcement on 20 February 2014, it is the intention of the board of directors of RCL Foods to raise the balance of the R2.5 billion by way of a private placement of shares to qualifying South African and international investors. Further details will be announced in due course.

2014-01-23

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.

2014-01-17

RCL finalisation announcement


RCL shareholders are referred to the announcement released on SENS on Thursday, 21 November 2013 and to the circular issued on Thursday, 12 December 2013 (the "Circular") advising RCL shareholders ("Shareholders") of inter alia a proposed equity capital raising, including a pro rata offer of new ordinary shares in RCL ("RCL Shares") to all Shareholders (other than Industrial Partnership Investments (Pty) Ltd., TSB Sugar Holdings (Pty) Ltd. and Eagle Creek Investments 620 (Pty) Ltd. and those Shareholders resident in certain foreign jurisdictions)("RCL Minority Shareholders")(the "Pro Rata Offer").

Terms of the Pro Rata Offer
In terms of the Pro Rata Offer, the Company is offering 74 214 642 RCL Shares to Qualifying RCL Minority Shareholders registered as such on the record date for the Pro Rata Offer, being Friday, 31 January 2014 ("Record Date") ("Qualifying RCL Foods Minority Shareholders") in the ratio of 53.10646 Shares ("Pro Rata Offer Shares") for every 100 RCL Shares held on the Record Date.

The subscription price for the Pro Rata Offer Shares is R16.50 per Pro Rata Offer Share ("Pro Rata Offer Subscription Price"). The Pro Rata Offer Subscription Price amounts to a 3.4% discount to the 30 day VWAP per RCL Share as at 16 January 2014 and a 4.7% discount to the price of the RCL Shares issued to TSB Holdings (Pty) Ltd. as consideration for the Company"s acquisition of 100% of the shares in TSB Sugar RSA (Pty) Ltd and TSB Sugar International (Pty) Ltd.

Conditions precedent
All of the conditions precedent to the Pro Rata Offer have been fulfilled and the Pro Rata Offer is open for acceptance.

Salient dates and times
The salient dates and times applicable to the Pro Rata Offer are contained in the Circular and set out below:
* Last day to trade in RCL Shares in order to participate in the Pro Rata Offer on Friday, 24 January
* RCL Shares trade ex-entitlements on Monday, 27 January
* Record Date at 17:00 on Friday, 31 January
* For certificated Qualifying RCL Minority Shareholders wishing to subscribe for Pro Rata Offer Shares, payment of the aggregate Pro Rata Offer Subscription Price due in respect of the Pro Rata Offer Shares for which they wish to subscribe to be made and forms of acceptance to be delivered to Computershare Investor Services (Pty) Ltd. (the "Transfer Secretary") by 12:00 on Tuesday, 4 February
* Pro Rata Offer closes at 12:00 on Tuesday, 4 February
* Expected issue and listing of Pro Rata Offer Shares on Monday, 10 February
* CSDP or broker accounts in respect of dematerialised Qualifying RCL Minority Shareholders debited with the aggregate Pro Rata Offer Subscription Price due in respect of the Pro Rata Offer Shares for which they wish to subscribe and credited with Pro Rata Offer Shares, and Share certificates in respect of the Pro Rata Offer Shares posted to certificated Qualifying RCL Minority Shareholders on or about Monday, 10 February

Documentation
Shareholders are reminded that copies of the Circular, containing full details of the Pro Rata Offer and procedures for the subscription for Pro Rata Offer Shares, may be obtained from the registered offices of the Company, the Transfer Secretary and Rand Merchant Bank. The Circular may also be inspected on the Company"s website, www.rclfoods.co.za.

In the case of certificated Qualifying RCL Minority Shareholders, a form of acceptance was enclosed with the Circular. A copy of the form of acceptance may be obtained from the Transfer Secretary, if required.

2014-01-16

RCL 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.

2013-12-12

RCL Foods general meeting and circular


RCL Foods shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on Thursday, 21 November 2013 and published in the South African press on Friday, 22 November 2013, advising of the proposed acquisition by RCL Foods 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").

Notice of General Meeting
A general meeting of shareholders will be held at the company"s registered office, Six The Boulevard, Westway Office Park, Westville, Durban at 13:30 on Thursday, 16 January 2014 ("General Meeting") for the purpose of considering and, if deemed fit, passing, with or without modification, the special and ordinary resolutions set out in the notice of General Meeting ("Proposed Resolutions"), which include the resolutions required to implement the Proposed Transactions, as well as in respect of an increase in the company"s authorised share capital and corresponding amendment to the Memorandum of Incorporation of RCL Foods.

Posting of the Circular
A circular providing further information on the Proposed Transactions and incorporating a notice convening the General Meeting ("the Circular") has been posted by registered mail to RCL Foods shareholders today, 12 December 2013.

Shareholders will also be able to inspect the Circular on RCL Foods" website, www.rclfoods.com, from today, 12 December 2013, until the date of the General Meeting.

Salient dates and times relating to the General Meeting
*Record date to determine which RCL Foods shareholders are entitled to receive the Circular on Friday, 6 December 2013
*Circular posted to RCL Foods shareholders on or about Thursday, 12 December 2013
*Last day to trade in RCL Foods shares in order to be recorded in the register in order to participate in and vote at the General Meeting on Friday, 3 January 2014
*Record date to be entitled to participate in and vote at the General Meeting on Friday, 10 January 2014
*Last day to submit forms of proxy in respect of the General Meeting to the transfer secretary by 13:30 on Tuesday, 14 January 2014
*General Meeting to be held at the company"s registered office, Six The Boulevard, Westway Office Park, Westville, Durban at 13:30 on Thursday, 16 January 2014
*Results of the General Meeting to be published on SENS on Thursday, 16 January 2014
*Results of the General Meeting to be published in the press on Friday, 17 January 2014

2013-11-29

RCL Foods retirement of directors


Johannes Bhekumuzi Magwaza and Munro Griessel have resigned as non-executive directors from the board of RCL Foods with effect from 18 November 2013.

2013-11-21

RCL -- proposed acquisition and BEE transaction


RCL has entered into an agreement with TSB Sugar Holdings (Pty) Ltd. ("TSB Sugar Holdings") to acquire 100% of the issued ordinary shares in its two operating subsidiaries, namely TSB Sugar RSA (Pty) Ltd. ("TSB Sugar RSA") and TSB Sugar International (Pty) Ltd. ("TSB Sugar International") (collectively referred to as "TSB") from TSB Sugar Holdings ("TSB Acquisition"). The effective date of the TSB Acquisition is subject to the fulfillment of the conditions precedent outlined below by no later than Friday, 28 February 2014. TSB Sugar Holdings is an indirect wholly owned subsidiary of Remgro Ltd. ("Remgro"), RCL"s controlling shareholder.

TSB Acquisition consideration
The TSB Acquisition consideration is R4 billion and will be discharged through the issue of 230 946 882 ordinary shares in the share capital of RCL ("Shares") to TSB Sugar Holdings, at an issue price of R17.32 per Share ("TSB Acquisition Share Price"), calculated with reference to the 30-day volume weighted average price per Share to Tuesday, 19 November 2013. Upon implementation of the TSB Acquisition, Remgro will effectively hold 77.7% of the total Shares in issue through its internal holding structure. The TSB Acquisition constitutes a category 1 related party transaction for RCL in terms of the JSE Ltd. Listings Requirements ("Listings Requirements") and will require the approval of RCL shareholders ("Shareholders").

Conditions precedent to the TSB Acquisition
The TSB Acquisition is subject to the fulfillment of inter alia the conditions precedent that:
*by no later than 17h00 on Friday, 28 February 2014:
**Shareholders pass all resolutions required to approve the implementation of the TSB Acquisition;
**the counterparties to the material contracts of TSB consent in writing to the change of control of TSB, to the extent necessary; and
*within 30 days of the signature date of the TSB Acquisition agreement, RCL delivers a written notice to TSB Sugar Holdings confirming that it is satisfied with the disclosures prepared by TSB Sugar Holdings in respect of the warranties given by it in terms of the TSB Acquisition agreement.

RCL BEE Transaction

Unwinding of the Current BEE Structure
In terms of the Company"s existing BEE structure as approved by Shareholders in 2008 ("Current BEE Structure"), RCL"s strategic partners, being the Imbewu Consortium, the Ikamva Labantu Empowerment Trust and Mrs. Manana Margaret Nhlanhla ("Strategic Partners") and a share ownership trust established for the employees of the RCL Foods group (collectively the "BEE Parties"), subscribed for 51 177 217 Shares ("Current BEE Shares") through a special purpose vehicle, Eagle Creek Investments 620 (Pty) Ltd. ("Eagle Creek"). At the time of issue, the Current BEE Shares represented 15% of the Company's issued Shares which has since been diluted by virtue of the BEE Parties not participating in the RCL Foods rights issue in February 2013. The Current BEE Structure was funded by RCL Foods through the subscription for preference shares in Eagle Creek ("Eagle Creek Preference Shares"). The Current BEE Structure is considered unlikely to deliver any equity value to the BEE Parties and as such, RCL Foods and the BEE Parties have agreed to unwind the Current BEE Structure and implement a new BEE ownership transaction in order for RCL Foods to sustain its BEE ownership and to create value for the BEE Parties.

The Current BEE Structure will be unwound by implementing a redemption of the Eagle Creek Preference
Shares and a specific repurchase of the Current BEE Shares, at a repurchase price per Current BEE Share based
on the 30-day volume weighted average price per Share to the date on which the Eagle Creek Preference
Shares are redeemed ("Specific Repurchase"). The Current BEE Shares will, pursuant to the Specific
Repurchase, be delisted from the securities exchange operated by the JSE Ltd. ("JSE") and the proceeds of
the Specific Repurchase will be utilised by Eagle Creek to redeem the Eagle Creek Preference Shares.

RCL BEE Transaction
A new BEE ownership transaction will be implemented through the issue of 63 830 231 new Shares ("New RCL Foods BEE Shares") to the BEE Parties by way of both a special purpose vehicle and a new employee share ownership trust ("RCL Foods BEE Transaction"). The issue of the 63 830 231 New RCL Foods BEE Shares will be facilitated partly through a NVF mechanism (c.69% or 43 883 284 New RCL Foods Shares) and through the issue of preference shares to RCL Foods (c.31% or 19 946 947 New RCL Foods Shares). 43 883 284 of the New RCL Foods BEE Shares will, subject to the terms and conditions of the relevant subscription agreement, be issued to the BEE Parties at R0.01 per Share in terms of a NVF mechanism. The NVF facilitation will be based on a 30-day volume weighted average price per Share to Tuesday, 19 November 2013, being R17.32 per Share. The remaining 19 946 947 of the New RCL Foods BEE Shares will, subject to the terms and conditions of the relevant subscription agreement, be issued to the BEE Parties at R17.32 per Share, being the 30-day volume weighted average price per Share to Tuesday, 19 November 2013, which will be funded through the issue of preference shares to RCL Foods.

Of the total 63 830 231 New RCL Foods BEE Shares to be issued to the BEE Parties, 30% of the New RCL Foods BEE Shares will be allocated to the Strategic Partners (i.e. 19 149 069 New Foods BEE Shares) and 70% to be allocated to the new employee share ownership trust (i.e. 44 681 162 New RCL Foods BEE Shares). The New RCL Foods BEE Shares issued to both the Strategic Partners and the new employee share ownership trust will be facilitated in terms of a NVF mechanism (c.69%) and the balance through the issue of preference shares to RCL Foods (c31%).

Conditions precedent to the RCL BEE Transaction
The RCL Foods BEE Transaction is subject to the fulfillment of inter alia the conditions precedent that, by no later than 17h00 on Monday, 31 March 2014:
*the Specific Repurchase becomes unconditional;
*Shareholders pass all resolutions required to approve and implement the RCL Foods BEE Transaction; and
*all legal agreements necessary to implement the RCL Foods BEE Transaction (including the relevant NVF and preference shares subscription) have been entered into and become unconditionally operative in accordance with their terms.

Proposed Equity Capital Raising

Introduction and rationale

RCL is currently considering significant growth and expansion projects in South Africa and sub-Saharan
Africa in the broader food and fast moving consumer goods space. In order to capitalise fully on these opportunities, RCL Foods has determined that it requires additional capital. The Board has accordingly resolved to propose a capital raising in the amount of R2.5 billion through a combination of a pro rata offer to all Minority Shareholders (namely, all Shareholders excluding Remgro and its subsidiaries, and Eagle Creek) ("Pro Rata Offer") and a specific issue of new Shares via a placement to qualifying investors ("Placement") (collectively the "Equity Capital Raising").

Details of the Pro Rata Offer
In light of the anticipated dilution of Minority Shareholders' relative shareholdings pursuant to the implementation of the TSB Acquisition, the Company intends to make a pro rata offer to all Minority Shareholders in order to afford them the opportunity to subscribe for that number of Shares as will enable them to maintain their respective shareholding percentages in RCL Foods following the implementation of the TSB Acquisition. In terms of the Pro Rata Offer, post the implementation of the TSB Acquisition and Specific Repurchase, the Company will offer 74 140 200 Shares ("Pro Rata Offer Shares") to Minority Shareholders in the ratio of 53.11 Pro Rata Offer Shares for every 100 Shares held by Minority Shareholders on the record date for the Pro Rata Offer, which is expected to be Friday, 31 January 2014. The final terms of the Pro Rata Offer, including the Pro Rata Offer price and the pro forma financial effects of the Pro Rata Offer will be announced on the finalisation date of the Pro Rata Offer, which is expected to be Friday, 17 January 2014.

It is the intention of the Board that the subscription proceeds from the Pro Rata Offer will be applied, inter alia, towards the future growth and expansion of RCL Foods' operations in South Africa and sub-Saharan Africa. Minority Shareholders that do not elect to subscribe for Pro Rata Offer Shares in terms of their entitlements will continue to own the same number of Shares, but their respective shareholding percentages in RCL Foods will be diluted as a consequence of the issue of Shares pursuant to the TSB Acquisition and the Pro Rata Offer. There will be no right to apply for excess Pro Rata Offer Shares and Minority Shareholders will not be entitled to trade their entitlements under the Pro Rata Offer. Further details of the Pro Rata Offer, including the salient dates and times and procedures for acceptance will be contained in the circular to Shareholders referred to below.

Details of the Placement
Market conditions permitting, it is the intention of the Board to place Shares with qualifying South African and international investors in order to raise the balance of the R2.5 billion not raised pursuant to the Pro Rata Offer. The Placement is intended to diversify the RCL Foods shareholder base, further increase the free float and improve liquidity in the Shares. The quantum and pricing of the Placement will be communicated to qualifying investors post the implementation of the Pro Rata Offer. Qualifying existing shareholders will also be entitled to participate in the Placement.

Conditions precedent to the Equity Capital Raising
The Pro Rata Offer will be subject to the fulfilment of the conditions precedent that:
*the TSB Acquisition is implemented; and
*Shareholders pass the necessary resolutions to authorise the specific issue of Shares in terms of the Pro Rata Offer.

The Placement will be subject to Shareholders approving the specific issue of Shares in terms of the placement.

General Meeting
The Company will convene a general meeting of Shareholders in order to obtain the necessary Shareholder approvals to implement the TSB Transactions, the RCL BEE Transactions and the Equity Capital Raising ("General Meeting").

Salient dates and times
The proposed salient dates and times pertaining to the General Meeting are set out below.
*Record date to determine which Shareholders are entitled to receive the circular on Friday, 6 December 2013
*Circular posted to Shareholders on or about Thursday, 12 December 2013
*Last day to trade in Shares in order to be recorded in the register in order to participate in and vote at the General Meeting on Friday, 3 January 2014
*Record date to be entitled to participate in and vote at the General Meeting on Friday, 10 January 2014
*Last day to return forms of proxy in respect of the General Meeting to the transfer secretaries by 13:30 on Tuesday, 14 January 2014
*General Meeting to be held at the company"s registered office, Six The Boulevard, Westway Office Park, Westville, Durban at 13:30 on Thursday, 16 January 2014
*Results of the General Meeting to be published on SENS on Thursday, 16 January 2014

Documentation
A circular to Shareholders, detailing the TSB Transactions, the RCL BEE Transactions, and the Equity Capital Raising, and incorporating revised listing particulars and a notice of General Meeting, will be posted to Shareholders on or about Thursday, 12 December 2013.

2013-11-19

RCL report on AGM proceedings


At the 47th (forty-seventh) annual general meeting of the shareholders of RCL held today, 19 November 2013, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.

Any special resolutions required to be lodged for registration with the Companies and Intellectual Property Commission will be lodged in due course.

2013-11-08

RCL -- 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.

2013-09-30

RCL no change statement and AGM notice


With regard to the audited results for the year ended 30 June 2013, shareholders are advised that the annual financial statements will be distributed to shareholders on 30 September 2013 and contain no modifications to the audited results which were published on SENS on 27 August 2013.

Notice of the annual general meeting
Notice is hereby given that the 47th annual general meeting of RCL shareholders will be held at Six The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Tuesday, 19 November 2013 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

Salient dates
*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 20 September 2013
*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 1 November 2013
*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 8 November 2013
*Forms of proxy for the annual general meeting to be lodged by 08h30 on* -- Friday, 15 November 2013
*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.

2013-09-18

RCL announce changes to the board of subsidiary


Shareholders are advised that Justin Williamson is to step down as Managing Director of Foodcorp (Pty) Ltd. ("Foodcorp"), effective 30 September 2013. The Foodcorp board has named Cliff Sampson, currently Managing Director - Foodcorp Consumer Brands, and an Executive Director of Foodcorp, as Foodcorp"s new Managing Director, effective 1 October 2013.

2013-08-30

RCL -- documents available for inspection


Further to the abridged consolidated audited results for the year ended 30 June 2013 released on SENS on 27 August 2013 ("the abridged report"), shareholders are advised that the abridged report is summarised from a complete set of the group financial statements on which the independent auditors, PricewaterhouseCoopers Inc., has expressed an unmodified audit opinion, which is available for inspection at the company"s registered office.

The abridged report as released on SENS is extracted from audited information, but is not itself audited. The directors of Rainbow (RCL) take full responsibility for the preparation of the abridged report and that the financial information has been correctly extracted from the underlying annual financial statements. A copy of the annual financial statements that have been summarised in this report can be obtained from the company"s registered office.

2013-08-28

Rainbow directorate changes


Shareholders were referred to the group"s abridged consolidated audited results announcement released on the Stock Exchange News Service yesterday, 27 August 2013, wherein it was disclosed that Mr Derrick Msibi and Mr George Steyn have been appointed to the Rainbow board with immediate effect. Shareholders are advised that Messrs Msibi and Steyn join the RCL board as independent non-executive directors.

2013-08-27

Rainbow final results 30 June 2013


Revenue for the year shot up to R10.1 billion (2012: R7.9 billion). Operating profit dropped to R166 million (2012: R414.2 million), while profit for the year attributable to equity holders of the company slumped to R26.5 million (2012: R266.8 million). Furthermore, headline earnings per share from continuing operations fell to 4.6cps (2012: 88.4cps).

Dividend
In view of Rainbow"s poor trading results and the uncertainties relating to the poultry industry, the Board has resolved not to declare a dividend for the 2013 financial year (2012 final dividend 32cps cents and total dividend 60cps).

Prospects
The poor state of the global and local economy means a sustainable improvement in consumer sentiment and spending is unlikely in the near future which will impact across Foodcorp, Rainbow and Vector. The poultry industry is at crisis point and anti-dumping protection will be key to the survival of the industry.

The trading outlook for Vector is likely to remain challenging, particularly in the retail business where Vector"s principals are coming under increased pressure from cheap imports. Vector will continue to seek new business to take advantage of the additional capacity created in 2013. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long- term aspirations.

2013-08-23

Rainbow finalisation regarding name change


Shareholders are referred to the announcement released on SENS on Friday, 2 August 2013 advising that the special resolution to approve the change of the Company"s name from "Rainbow Chicken Ltd." to "RCL Foods Ltd." was approved by the requisite majority of votes at the general meeting of shareholders ("the special resolution"). Shareholders are advised that the special resolution has been registered with the Companies and Intellectual Property Commission. There are no further conditions precedent outstanding.

Accordingly, the salient dates for the name change, as announced on SENS on Wednesday, 3 July 2013, still apply. The Company will begin trading under the new name "RCL Foods Ltd." under the new JSE share code "RCL", abbreviated name "RCL" and new ISIN ZAE000179438 with effect from commencement of trade on Monday, 2 September 2013.

2013-08-19

Rainbow expects lower earnings


The group"s results for the 2013 financial year are due to be released on SENS on Tuesday 27 August 2013. Rainbow shareholders are advised that the group expects its earnings per share from continuing operations and headline earnings per share from continuing operations for the 12 month period ended 30 June 2013 to be between 80% and 100% lower than that of the 12 month period ended 30 June 2012.

2013-08-02

Rainbow announce GM results


At the general meeting of the shareholders of Rainbow held on 02 August 2013, the special resolution approving the change of the company"s name from "Rainbow Chicken Ltd." to "RCL Foods Ltd.", and the ordinary resolution authorising the implementation of the name change, were both passed by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Commission, and a further SENS announcement confirming registration will be made in due course.

2013-07-24

RAINBOW CHICKEN LIMITED - Dealings in securities by a director and an associate of a director


RBW 201307240010A
Dealings in securities by a director and an associate of a director

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : M Griessel
Company : Rainbow Chicken Limited
Date of transaction : 27 June 2013
Nature of transaction : On market purchase of securities
Class of securities : Ordinary shares
Number of securities : 10 000
Purchase price : 10 000 at R15.40 each
Total value of transaction : R154,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : M Griessel
Associate : Mrs Griessel - wife
Company : Rainbow Chicken Limited
Date of transaction : 27 June 2013
Nature of transaction : On market purchase of
securities by an associate
Number of securities : 10 000
Class of securities : Ordinary shares
Purchase price : 10 000 at R15.40 each
Total value of transaction : R154,000.00
Nature of interest : Dealings by an associate


Durban
24 July 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/07/2013 08:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-07-03

Rainbow notice of GM relating to name change


Notice is given that a general meeting of shareholders of Rainbow will be held at 11:00 on Friday, 2 August 2013 at the company"s registered office, One The Boulevard, Westway Office Park, Westville, Durban for the purpose of obtaining authority to change the name of the company from Rainbow Chicken Ltd. to RCL Foods Ltd. A circular setting out, inter alia, the rationale for the proposed name change, and including a notice of general meeting, was posted to shareholders on Wednesday, 3 July 2013.

Salient dates 2013
* Details of general meeting and declaration of change of name announcement released on SENS on Wednesday, 3 July
* Details of general meeting and declaration of name change published in the press on Thursday, 4 July
* Last day to trade to be entitled to attend and vote at the general meeting Friday, 19 July
* Record date to determine which shareholders are entitled to attend and vote at the general meeting Friday, 26 July
* Last day to lodge forms of proxy with the transfer secretaries to vote at the general meeting by 11:00 on Wednesday, 31 July
* General meeting of shareholders to be held at 11:00 on Friday, 2 August
* Results of general meeting announcement released on SENS on Friday, 2 August
* Results of general meeting published in the press on Monday, 5 August
* Finalisation date Friday, 23 August
* Announcement confirming that the name change has become effective released on SENS by no later than 11:00 on Friday, 23 August
* Announcement confirming that the name change has become effective published in the press on Monday, 26 August
* Last day to trade under the old name Rainbow Chicken Ltd. on Friday, 30 August
* Trade under the new name RCL Foods Ltd. under the new JSE share code RCL, abbreviated name RCL and new ISIN ZAE000179438 from commencement of trading on Monday, 2 September.

2013-07-01

Rainbow buys more of Foodcorp


On 29 April 2013 Rainbow acquired an effective 64.2% of the issued ordinary share capital of Foodcorp through its subsidiary Capitau Investment Management (Pty) Ltd. ("the Acquisition"). As at the effective date of the Acquisition, Foodcorp management collectively held 23.9% of Foodcorp directly and via Foodcorp Management Holdings (Pty) Ltd. RCL has now agreed with Foodcorp management to acquire their 23.9% stake in Foodcorp (the "Transaction"). The Transaction will increase Rainbow"s effective interest in Foodcorp to 88.1%. Foodcorp management remains fully committed to the business of Foodcorp and aligned to Rainbow"s long term strategic objectives.

Terms of the Transaction
Rainbow will pay Foodcorp management and Foodcorp Management Holdings (Pty) Ltd. a total cash consideration of R393 million for their 23.9% stake in Foodcorp. There are no outstanding conditions precedent to the Transaction, and the effective date of the Transaction is 1 July 2013.

Small related party transaction
In terms of the JSE Ltd. ("JSE") Listings Requirements, the Transaction is a small related party transaction for Rainbow"s subsidiary Foodcorp. As such, Deloitte Corporate Finance ("Deloitte") has provided the Board of Rainbow with written confirmation, in its capacity as independent professional expert, confirming that the Transaction is fair to Rainbow shareholders. Deloitte"s opinion (the content of which is still subject to JSE approval) is available for inspection at the registered office of Rainbow for a period of 28 days from the date of this announcement.

2013-06-12

RAINBOW CHICKEN LIMITED - Dealings in securities by a director


RBW 201306120021A
Dealings in securities by a director

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : M Dally
Company : Rainbow Chicken Limited
Date of transaction : 11 June 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 300 000
Selling price : R16.00
Total value of transaction : R4,800,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
12 June 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12/06/2013 12:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-06-04

Rainbow - acquisition announcement


Shareholders are referred to the announcement released on SENS on 29 April 2013, relating to Rainbow"s acquisition of an effective 64.2% of New Foodcorp Holdings (Pty) Ltd. ("New Foodcorp Holdings"). Shareholders are advised that Foodcorp, a 100% subsidiary of New Foodcorp Holdings, has concluded Heads of Agreement with Oceana Group Ltd. ("Oceana") for the disposal by Foodcorp of its fishing division to Oceana in a transaction worth R445 million ("the Transaction").

Among other conditions, the Transaction is subject to the following material conditions precedent:
* transfer of the fishing rights acquired being approved by the Department of Agriculture, Forestry and Fisheries;
* approval by the Competition Authorities; and
* conclusion of a formal agreement containing detailed terms of the Transaction.

For further details regarding the Transaction, shareholders are referred to the voluntary announcement released simultaneously by Oceana

2013-05-30

RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary


RBW 201305300027A
Dealings in securities by a director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : W A De Wet
Company : Rainbow Farms (Pty) Ltd

Date of transaction : 28 May 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 99 252
and exercised
Option grant date : 01 Sep 2006
Option grant price : R9.41
Total value of transaction : R933,961.32
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 28 May 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 99 252
Selling price : 12 921 at R16.00 each; 15 039 at R16.01
each; 3 334 at R16.03 each; 11 142 at
R16.10 each; 2 037 at R16.11 each; 49 613
at R16.15 each; and 5 166 at R16.16 each.


Total value of transaction : R1,597,889.19
Nature of interest : Direct beneficial
Clearance obtained : Yes




Durban
30 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30/05/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-05-30

Rainbow joint hatchery operation announcement


Further to the announcements released on SENS on 4 February 2013 and 9 May 2013 relating to the purchase of a 49% shareholding in Zambeef"s 100% subsidiary Zam Chick Ltd., Rainbow shareholders are advised that agreement has been reached with Zambeef to establish a broiler parent stock rearing, laying and hatching operation, Zamhatch Ltd., for the supply of day old chicks. Rainbow and Zambeef will own 51% and 49% respectively of the new Zamhatch business, which is expected to become operational over the next two to three years.

2013-05-23

RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary


RBW 201305230047A
Dealings in securities by a director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : B M Mackenzie
Company : Vector Logistics (Pty) Ltd

Date of transaction : 21 May 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 14 319
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R138,464.73
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 21 May 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 14 319
Selling price : 12 593 at R15.80 each and 1 726 at R15.86
each
Total value of transaction : R226,343.76
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
23 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 23/05/2013 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-05-21

RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary


RBW 201305210042A
Dealings in securities by a director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : A J Williamson
Company : Foodcorp (Pty) Ltd
Date of transaction : 20 May 2013
Nature of transaction : On market purchase of securities
Class of securities : Ordinary shares
Number of securities : 100 000
Purchase price : 10 000 at R16.10 each;
2 595 at R16.20 each;
3 000 at R16.27 each;
30 637 at R16.30 each;
500 at R16.35 each;
4 000 at R16.40 each;
22 236 at R16.45 each;
358 at R16.49 each; and
26,674 at R16.50 each
Total value of transaction : R1,636,813.72
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
21 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 21/05/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-05-16

RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major Subsidiary


RBW 201305160046A
Dealings in securities by a director of a major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : R J Matthews
Company : Vector Logistics (Pty) Ltd

Date of transaction : 15 May 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 8 773
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R84,834.91
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 15 May 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 8 773
Selling price : 8 313 at R15.60 each and 460 at R15.63 each
Total value of transaction : R136,872.60
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
16 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 16/05/2013 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-05-15

RAINBOW CHICKEN LIMITED - Dealings In Securities By A Director Of A Major Subsidiary


RBW 201305150034A
Dealings In Securities By A Director Of A Major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : D S Milne
Company : Rainbow Farms (Pty) Ltd

Date of transaction : 14 May 2013
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary
shares
Number of options
accepted and exercised : 10 000
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R96,700.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
15 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/05/2013 03:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-05-09

Rainbow purchase announcement


Further to the announcement released on SENS on 4 February 2013, Rainbow shareholders are advised that all outstanding conditions precedent relating to the purchase of 49% of Zambeef"s shareholding in Zam Chick Ltd. have been fulfilled, and accordingly, the transaction is now unconditional.

2013-04-29

Rainbow -- New Foodcorp Holdings acquisition


Further to the announcement released on SENS on 14 November 2012, RCL shareholders are advised that all outstanding conditions precedent relating to the acquisition of an effective 64.2% of Foodcorp have been fulfilled, and accordingly, the transaction is now unconditional. Consequently RCL results for the current financial year ending on 30 June 2013 will incorporate Foodcorp results with effect from 1 May 2013, details of which will be communicated with the year-end results.

2013-04-25

RAINBOW CHICKEN LIMITED - Dealings in securities by a director


RBW 201304250034A
Dealings in securities by a director

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : M Dally
Company : Rainbow Chicken Limited

Date of transaction : 23 April 2013
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary
shares
Number of options
accepted and exercised : 837 653
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R8,100,104.51
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
25 April 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 25/04/2013 02:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-04-23

RAINBOW CHICKEN LIMITED - Dealings in securities by a director of a major subsidiary


RBW 201304230004A
Dealings in securities by a director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : S Pillay
Company : Vector Logistics (Pty) Ltd

Date of transaction : 19 April 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 34 293
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R331,613.31
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 19 April 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 34 293
Selling price : 2 500 at R14.99 each;
7 500 at R14.93 each;
2 450 at R14.81 each; and
21 843 at R14.80 each
Total value of transaction : R509,010.90
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
23 April 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 23/04/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-27

RAINBOW CHICKEN LIMITED - Dealings In Securities By A Director Of A Major Subsidiary


RBW 201303270036A
Dealings In Securities By A Director Of A Major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : C D Creed
Company : Vector Logistics (Pty) Ltd

Date of transaction : 25 March 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 104 712
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R1,012,565.04
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 25 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 74 712
Selling price : 72 754 at R16.00 each; 1 682 at R16.01
each; and 276 at R16.03 each
Total value of transaction : R1,195,417.10
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
27 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/03/2013 01:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-26

RAINBOW CHICKEN LIMITED - Dealings In Securities By A Director Of A Major Subsidiary


RBW 201303260013A
Dealings In Securities By A Director Of A Major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : W A De Wet
Company : Rainbow Farms (Pty) Ltd

Date of transaction : 22 March 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 37 185
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R359,578.95
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 22 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 37 185
Selling price : 13 754 at R16.00 each;
14 300 at R16.01 each; and
9 131 at R16.02 each
Total value of transaction : R595,285.62
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
26 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 26/03/2013 10:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-25

RAINBOW CHICKEN LIMITED - Correction: Dealings in securities by a director of a major subsidiary


RBW 201303250010A
Correction: Dealings in securities by a director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

CORRECTION: DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR
SUBSIDIARY

Shareholders are referred to the announcement released on SENS on
Friday 22 March 2013 with regard to the exercise of options and
subsequent sale of shares by a director, P D Cruickshank.
Shareholders are advised that P D Cruickshank is not a director of
Rainbow Chicken Limited but a director of Rainbow Farms (Pty)
Limited, a major subsidiary of Rainbow Chicken Limited.

Durban
25 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 25/03/2013 09:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-22

RAINBOW CHICKEN LIMITED - Dealings in securities by a director


RBW 201303220045A
Dealings in securities by a director

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : P D Cruickshank
Company : Rainbow Chicken Limited

Date of transaction : 20 March 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 49 695
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R480,550.65
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 20 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 49 695
Selling price : R16.05
Total value of transaction : R797,604.75
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
22 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/03/2013 02:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-15

RAINBOW CHICKEN LIMITED - Dealings in securities by a director


RBW 201303150042A
Dealings in securities by a director

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Director : M Dally
Company : Rainbow Chicken Limited
Date of transaction : 14 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 300 000
Selling price : R16.65
Total value of transaction : R4,995,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Durban
15 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/03/2013 04:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-14

RAINBOW CHICKEN LIMITED - Dealings In Securities By A Director And A Director Of A Major Subsidiary


RBW 201303140024A
Dealings In Securities By A Director And A Director Of A Major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY A DIRECTOR AND A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:


Director : R H Field
Company : Rainbow Chicken Limited
Date of transaction : 13 March 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 165 903
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R1,604,282.01
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 13 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 165 903
Selling price : R16.80
Total value of transaction : R2,787,170.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 14 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 128 000
Selling price : 52 273 at R16.65 each;
727 at R16.67 each; and
75 000 at R16.70 each
Total value of transaction : R2,134,964.54
Nature of interest : Direct beneficial
Clearance obtained : Yes


Director of major subsidiary : D S Milne
Company : Rainbow Farms (Pty) Ltd
Date of transaction : 13 March 2013
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options accepted : 51 202
and exercised
Option grant date : 25 May 2006
Option grant price : R9.67
Total value of transaction : R495,123.34
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 13 March 2013
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 51 202
Selling price : 35 334 at R16.50 each;
8 085 at R16.51 each;
5 500 at R16.79 each; and
2 283 at R16.80 each
Total value of transaction : R847,193.75
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
14 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/03/2013 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-03-04

Rainbow announce results of rights offer


Rainbow shareholders are referred to the announcements released on SENS on 6 December 2012 and 25 January 2013, as well as the circular to RCL shareholders issued on 11 February 2013, detailing Rainbow"s intention to raise ZAR3.9 billion in new equity capital by way of a renounceable rights offer of 276 964 802 new RCL ordinary shares ("Rights Offer Shares") in the ratio of 80 Rights Offer Shares for every 100 RCL ordinary shares held on Friday, 8 February 2013 (the "Record Date"), at a subscription price of R14.20 per Rights Offer Share (the "Rights Offer"). The Rights Offer was fully underwritten by Remgro Ltd., through its wholly-owned subsidiary, Industrial Partnership Investments (Pty) Ltd. (the "Underwriter").

Results of the Rights Offer
The Rights Offer closed at 12h00 on Friday, 1 March 2013 and RCL has successfully raised the full ZAR3.9 billion. The results of the Rights Offer are contained in the table below:
Number of Rights Offer Shares & % of Rights Offer Shares
* Rights Offer Shares available for subscription: 276 964 802 & 100
* Rights Offer Shares subscribed for: 230 503 830 & 83.2
* Rights Offer Shares allocated to the Underwriter pursuant to the underwriting: 46 460 972 & 16.8

Issue of Rights Offer Shares
Certificated Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights Offer Shares to which they are entitled posted to them, at their own risk, on Monday, 4 March 2013. Dematerialised Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker updated with the Rights Offer Shares to which they are entitled on Monday, 4 March 2013.

2013-03-04

RAINBOW CHICKEN LIMITED - Disclosure of Significant Holding of Industrial Partnership Investments Proprietary Limited Ordinary Shares


RBW 201303040040A
Disclosure of Significant Holding of Industrial Partnership Investments Proprietary Limited Ordinary Shares

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
(“RCL” or “the company")

DISCLOSURE OF SIGNIFICANT HOLDING OF INDUSTRIAL PARTNERSHIP
INVESTMENTS PROPRIETARY LIMITED ORDINARY SHARES

RCL shareholders are referred to the announcement released on SENS
today detailing the results of the rights offer underwritten by
Remgro Limited, through its wholly-owned subsidiary, Industrial
Partnership Investments Proprietary Limited (“the rights offer”).

As a consequence of the rights offer, and in compliance with
Section 122 of the Companies Act, 2008, Industrial Partnership
Investments Proprietary Limited has notified the company that it
has increased its holding in the company from 62,33% to 69,78%.

Durban
4 March 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04/03/2013 05:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-22

RAINBOW CHICKEN LIMITED - Dealings In Securities By Director Of A Major Subsidiary


RBW 201302220055A
Dealings In Securities By Director Of A Major Subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
(“RCL”)

DEALINGS IN SECURITIES BY DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the
following director of a major subsidiary of RCL has disposed of his
rights by selling his letters of allocation in terms of the rights
offer announced on SENS by RCL on 25 January 2013:

Director : C D Creed
Company : Vector Logistics (Pty) Ltd (a major
subsidiary of RCL)

Date of transaction : 21 February 2013
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 32 000
Selling price : R0.30 each
Total value of transaction : R9,600.00
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
22 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/02/2013 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-22

RAINBOW CHICKEN LIMITED - Dealings in Securities by Directors


RBW 201302220060A
Dealings in Securities by Directors

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the
following directors have disposed of their rights by selling their
letters of allocation in terms of the rights offer announced on SENS
by Rainbow Chicken Limited on 25 January 2013:

Director : M Dally
Company : Rainbow Chicken Limited

Date of transaction : 20 February 2013
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 115 500
Selling price : R0.40 each
Total value of transaction : R46,200.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 22 February 2013
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 398 379
Selling price : 26 147 at R0.04 each; 59 192 at
R0.05 each; 32 233 at R0.06 each;
118 031 at R0.07 each; 155 776 at
R0.08 each; 7 000 at R0.09 each
Total value of transaction : R27,293.71
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : Rainbow Chicken Limited

Date of transaction : 20 February 2013
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 49 500
Selling price : R0.40 each
Total value of transaction : R19,800.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 22 February 2013
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 116 621
Selling price : 23 853 at R0.04 each; 25 368 at
R0.05 each; 13 815 at R0.06 each;
50 585 at R0.07 each; 3 000 at
R0.09 each
Total value of transaction : R6,862.37
Nature of interest : Direct beneficial
Clearance obtained : Yes


Durban
22 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 22/02/2013 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-20

RAINBOW CHICKEN LIMITED - Dealings In Securities By Directors


RBW 201302200047A
Dealings In Securities By Directors

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the
following directors have disposed of their rights by selling their
letters of allocation in terms of the rights offer announced on SENS
by Rainbow Chicken Limited on 25 January 2013:

Director : M Dally
Company : Rainbow Chicken Limited

Date of transaction : 18 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 4 210
Selling price : R0.70 each
Total value of transaction : R2,947.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 19 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 136 206
Selling price : 70 000 at R0.35 each; 53 256 at
R0.40 each; 12 950 at R0.50 each
Total value of transaction : R52,277.40
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : Rainbow Chicken Limited

Date of transaction : 19 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 58 374
Selling price : 30 000 at R0.35 each; 22 824 at
R0.40 each; 5 550 at R0.50 each
Total value of transaction : R22,404.60
Nature of interest : Direct beneficial
Clearance obtained : Yes

*The JSE Limited granted special dispensation for the directors to trade
their rights during a closed period on the basis that all price sensitive
information is in the public domain, per the trading statement released on
SENS on 31 January 2013, and that the directors are not in possession of
any additional unpublished price sensitive information.

Durban
20 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 20/02/2013 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-20

Rainbow interim results 31 December 2012


Revenue for the interim period ended 31 December 2012 increased to R4.5 billion (2011: R3.9 billion). Operating profit dropped to R89.8 million (2011: R301.5 million), while total comprehensive income for the period slumped to R52.3 million (2011: R200.4 million). Furthermore, headline earnings per share more than halved to 17.8cps (2011: 68.7cps).

Dividend
As a result of the rights issue announced on SENS on 6 December 2012 and expected to be completed by 4 March 2013, as well as the difficult trading conditions, no interim dividend will be declared and the Board will defer a dividend decision to year-end.

Prospects
The two major issues facing the poultry industry, namely high levels of imports and record high raw material input costs, are unlikely to be resolved in the near term and will continue to suppress chicken margins. The trading outlook for Vector is likely to remain challenging, particularly in the retail business where Vector"s principals are coming under increased pressure from cheap imports. The Group continues to explore opportunities in strategic growth markets in the food sector in South Africa and sub-Saharan Africa in line with its long-term aspirations.

2013-02-19

Rainbow appoints director


Following the announcement that Mr Chris van den Heever has been seconded to Rainbow from Remgro Ltd. for a period of two years, the board of directors of Rainbow announced that Mr Hendrik Johannes (Hein) Carse, an Investment Executive at Remgro, has been appointed as a non-executive director of the board with effect from 19 February 2013.

2013-02-15

RAINBOW CHICKEN LIMITED - Dealings in securities by director of a major subsidiary


RBW RBWN 201302150019A
Dealings in securities by director of a major subsidiary

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
(“RCL”)

DEALINGS IN SECURITIES BY DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the
following director of a major subsidiary of RCL has disposed of his
rights by selling his letters of allocation in terms of the rights
offer announced on SENS by RCL on 25 January 2013:

Director : T J Harding
Company : Rainbow Farms (Pty) Ltd (a major
subsidiary of RCL)

Date of transaction : 13 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 320
Selling price : R1.09 each
Total value of transaction : R348.80
Nature of interest : Direct beneficial
Clearance obtained : Yes

*The JSE Limited granted special dispensation for the directors to trade
their rights during a closed period on the basis that all price sensitive
information is in the public domain, per the trading statement released on
SENS on 31 January 2013, and that the directors are not in possession of
any additional unpublished price sensitive information.

Durban
15 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/02/2013 10:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-14

RAINBOW CHICKEN LIMITED - Dealings in securities by directors


RBW RBWN 201302140021A
Dealings in securities by directors

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the
following directors have disposed of their rights by selling their
letters of allocation in terms of the rights offer announced on SENS
by Rainbow Chicken Limited on 25 January 2013:

Director : M Dally
Company : Rainbow Chicken Limited

Date of transaction : 12 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 40 000
Selling price : 31 830 at R1.40 each; and 8 170 at
R1.50 each
Total value of transaction : R56,817.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 13 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 76 905
Selling price : 1 164 at R1.10 each; 16 793 at
R1.11 each; 6 118 at R1.12 each; 32
400 at R1.20 each; and 20 430 at
R1.40 each
Total value of transaction : R94,254.79
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : Rainbow Chicken Limited

Date of transaction : 12 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 26 635
Selling price : 21 205 at R1.40 each; and 5 430 at
R1.50 each
Total value of transaction : R37,832.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 13 February 2013*
Nature of transaction : On market sale of letters of
allocation in terms of rights offer
Class of securities : Letters of allocation in respect of
ordinary shares offered in terms of
rights offer
Number of securities : 51 270
Selling price : 776 at R1.10 each; 11 196 at R1.11
each; 4 078 at R1.12 each; 21 600
at R1.20 each; and 13 620 at R1.40
each
Total value of transaction : R62,836.52
Nature of interest : Direct beneficial
Clearance obtained : Yes

*The JSE Limited granted special dispensation for the directors to trade
their rights during a closed period on the basis that all price sensitive
information is in the public domain, per the trading statement released on
SENS on 31 January 2013, and that the directors are not in possession of
any additional unpublished price sensitive information.

Durban
14 February 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14/02/2013 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2013-02-04

Rainbow acquires shareholding in Zam Chick


Rainbow announced that it has reached agreement with Zambeef PLC ("Zambeef") of Zambia, for the purchase of 49 per cent of Zambeef"s shareholding in Zam Chick Ltd. ("Zam Chick") for USD14.25m in cash. Zam Chick currently manages and operates Zambeef"s chicken broiler business, including the broiler houses, chicken abattoir and processing plant.

Zambeef is a major player in the Zambian agri-business market. It has an established track record in operating in African markets with operations in Zambia, Ghana and Nigeria. This is an exciting opportunity for both Zambeef and Rainbow to work together in order to take the poultry industry in Zambia to a new level. Zambeef and Rainbow are each entitled to appoint 2 directors to the Zam Chick board of directors, with Zambeef continuing to manage the day to day operations of Zam Chick and Rainbow providing technical assistance.

The transaction is subject to the fulfilment or waiver, as the case may be, of inter alia the following conditions:
*Competition and Consumer Protection Commission of Zambia approval; and
*South African Reserve Bank approval.

The short term impact on earnings is not anticipated to be material. The transaction falls below the threshold for a category transaction for Rainbow in terms of the JSE Ltd. Listings Requirements.

The transaction will be funded from a portion of the proceeds from the rights offer as announced on SENS on 6 December 2012.

2013-01-31

Rainbow -- trading statement


The group"s interim results for the 2013 financial year (for the 6 month period ended 31 December 2012) are due to be released on SENS on Tuesday 19 February 2013.

Rainbow shareholders were advised that the group expects its Earnings Per Share and Headline Earnings Per Share for the 6 month period ended 31 December 2012 to be between 65% and 85% lower than that of the 6 month period ended 31 December 2011, and between 35% and 55% lower on a pre-IAS39 adjusted basis. The lower than anticipated earnings are mainly a function of the two major issues facing the local poultry industry, namely record levels of imports and escalating feed raw material input costs. The resultant oversupply in the local market has meant that the price of chicken in retail bears little reference to its cost of production, and has resulted in significant reductions in chicken margins.

Transaction costs in relation to Rainbow"s acquisition of an effective 64.2% shareholding in New Foodcorp Holdings (Pty) Ltd. have been recognised to the extent that they are not conditional on the finalisation of all conditions precedent, and consequently the impact on the interim results is not material.

2013-01-28

Rainbow director resigns


Christiaan Mauritz van den Heever has resigned as a non-executive director from the board of Rainbow with effect from 1 February 2013.

2013-01-25

Rainbow finalisation announcement and rights offer


Rainbow shareholders were referred to the announcement released on SENS on Tuesday, 15 January 2013 advising, inter alia, that the special resolutions approving an increase in the number of authorised Rainbow ordinary shares ("Rainbow Shares") and an amendment to the Memorandum of Incorporation of Rainbow in order to give effect to the increase in the number of Rainbow Shares were passed at the company"s general meeting ("Special Resolutions").

The Special Resolutions have now been filed with the Companies and Intellectual Property Commission. The increase in the number of authorised Rainbow Shares from 575 525 772 ordinary shares of no par value to 1 000 000 000 ordinary shares of no par value, has therefore become effective.

Rights offer
Rainbow shareholders were referred to the announcement released on SENS on 6 December 2012, relating to a fully underwritten rights offer to raise ZAR3.9 billion ("the Rights Offer").

The Rights Offer will consist of an offer of 276 964 802 new Rainbow ordinary shares ("Rights Offer Shares") at an issue price of R14.20 per Rights Offer Share ("Rights Offer Price") in the ratio of 80 Rights Offer Shares for every 100 Rainbow Shares held on the record date of the Rights Offer, being Friday 8 February 2013 ("Record Date").

Conditions precedent
The board of directors of Rainbow advised shareholders that all conditions precedent pertaining to the Rights Offer have been fulfilled.

Salient dates and times
The final salient dates and times for the Rights Offer are set out below.
*Last day to trade in Rainbow Shares in order to participate in the Rights Offer (cum-entitlement) on Friday, 1 February 2013
*Rainbow Shares commence trading ex-entitlement at 09:00 on Monday, 4 February 2013
*Listing of and trading in the letters of allocation on the securities exchange operated by the JSE Ltd. ("JSE") commences at 09:00 on Monday, 4 February 2013
*Record date on Friday, 8 February 2013
*Rights Offer opens at 09:00 on Monday, 11 February 2013
*Holders of dematerialised Rainbow Shares will have their accounts at their CSDP or broker automatically credited with their letters of allocation on Monday, 11 February 2013
*Holders of certificated Rainbow Shares will have their letters of allocation credited to an electronic register maintained by Rainbow"s transfer secretaries on Monday, 11 February 2013
*Circular and form of instruction, where applicable, posted to shareholders registered as such on the Record Date ("Qualifying Shareholders") on Monday, 11 February 2013
*Last day for trading letters of allocation on the JSE on Friday, 22 February 2013
*Listing and trading of Rights Offer Shares on the JSE commences at 09:00 on Monday, 25 February 2013
*Rights Offer closes at 12:00 on (refer to note 4) Friday, 1 March 2013
*Record date for letters of allocation on Friday, 1 March 2013
*In respect of certificated Qualifying Shareholders (or their renouncees) wishing to exercise all or part of their nil paid rights, payment to be made and forms of instruction to be lodged with Rainbow"s transfer secretaries by 12:00 on Friday, 1 March 2013
*Rights Offer Shares issued on or about Monday, 4 March 2013
*In respect of dematerialised Qualifying Shareholders (or their renouncees) their CSDP or broker accounts will be debited with the aggregate Rights Offer Price and credited with Rights Offer Shares and share certificates posted to certificated Qualifying Shareholders (or their renouncees) by registered post on or about Monday, 4 March 2013
*Results of the Rights Offer announced on SENS on Monday, 4 March 2013 *Results of the Rights Offer published in the South African press on Tuesday, 5 March 2013

Notes:
1. Share certificates in respect of Rainbow Shares may not be dematerialised or rematerialised between Monday, 4 February 2013 and Friday, 8 February 2013, both days inclusive.
2. All times are South African times.
3. CSDPs effect payment on a delivery versus payment basis in respect of dematerialised shares.
4. Dematerialised Rainbow shareholders are required to inform their CSDP or broker of their instructions in terms of the Rights Offer in the manner and time stipulated in the agreement governing the relationship between the Rainbow shareholder and their CSDP or broker.

Rights Offer circular A Rights Offer circular, incorporating revised listing particulars and a form of instruction in respect of letters of allocation, where applicable, will be posted to all Rainbow shareholders registered on the Record Date on Monday, 11 February 2013.

2013-01-15

Rainbow results of general meeting


Shareholders are advised that the special and ordinary resolutions approving the increase in the number of Rainbow"s authorised shares, the issue of 276 964 802 new shares pursuant to a proposed rights offer and the authority to issue all of the Company"s authorised but unissued shares, were passed by the requisite majority of votes at the general meeting.

2012-12-12

Rainbow notice of general meeting


Notice is given that a general meeting of Rainbow shareholders will be held at 13:30 on Tuesday, 15 January 2013 at the Company"s registered office, One The Boulevard, Westway Office Park, Westville, Durban, for the purposes of considering and, if deemed fit, passing the necessary special and ordinary resolutions required to
*approve the increase in the number of the Company"s authorised ordinary shares and the corresponding amendment to the Company"s memorandum of incorporation;
*approve, by way of a specific authority, the issue of 276 964 802 ordinary shares, pursuant to a proposed rights offer; and
*approve, by way of a general authority, the issue of all the Company"s authorised but unissued ordinary shares,
(collectively "the Proposals").

A circular, setting out the details of the Proposals, will be posted to shareholders today, Wednesday, 12 December 2012.

The salient dates and times relating to the general meeting, also contained in the circular, are as follows:
*Record date by which shareholders must be registered as such in order to receive the circular -- Friday, 7 December 2012
*Circular posted to shareholders and details of general meeting released on SENS on Wednesday, 12 December 2012
*Last day to trade in order to be eligible to attend and vote at the general meeting -- Thursday, 27 December 2012
*Record date to determine which shareholders are entitled to attend and vote at the general meeting -- Friday, 4 January 2013
*Last day to lodge forms of proxy with the transfer secretaries to vote at the general meeting by 13:30 (see note 2 below) on Friday, 11 January 2013
*General meeting of shareholders to be held at 13:30 on Tuesday, 15 January 2013
*Results of general meeting announced on SENS on Tuesday, 15 January 2013
*Finalisation announcement confirming that the increase in the number of authorised ordinary shares has become effective released on SENS by no later than 11:00 on Friday, 25 January 2013
*Finalisation announcement confirming that the increase in the number of authorised ordinary shares has become effective published in the South African press on Monday, 28 January 2013
Notes:
1. The dates and times provided for in this notice and the circular are subject to amendment. Any material amendment will be published on SENS.
2. Any form of proxy not returned to the transfer secretaries by this time may be handed to the chairperson of the general meeting any time before the appointed proxy exercises any of the shareholder's rights at the general meeting.

2012-12-06

Rainbow withdrawal of cautionary announcement


Following the announcement of the final terms, salient dates and times and the unaudited pro forma financial effects of the Foodcorp Acquisition and the Rights Offer, Rainbow shareholders are no longer required to exercise caution when dealing in their Rainbow shares.

2012-12-06

Rainbow terms of rights offer


Rainbow shareholders were referred to the announcement released on SENS on 14 November 2012 and published in the South African press on 15 November 2012, relating to Rainbow"s acquisition of an effective 64.2% stake in New Foodcorp Holdings (Pty) Ltd. (Foodcorp Acquisition), to be funded by way of a fully underwritten rights offer.

Rights offer
It is proposed that a total of R3.9 billion of new equity be raised by way of a renounceable rights offer (Rights Offer) of 276 964 802 new Rainbow ordinary shares (Rights Offer Shares) at an issue price of R14.20 per Rights Offer Share (Rights Offer Price), in the ratio of 80 Rights Offer Shares for every 100 Rainbow ordinary shares held on the Rights Offer record date, which is expected to be close of business on Friday, 8 February 2013 (the Record Date). The Rights Offer Price represents a 5.0% premium to the 5-day volume weighted average price of Rainbow shares as at 5 December 2012.
3. Rationale for the Rights Offer

The proceeds from the Rights Offer will be used to fund the Foodcorp Acquisition, as well as other strategic growth opportunities.

Upon the successful completion of the Foodcorp Acquisition, the consolidated debt of the Rainbow group will be significant. The Rights Offer will ensure that the consolidated capital structure of the Rainbow group is appropriate, with flexibility to pursue strategic growth and development opportunities.

Underwriting
The Rights Offer will be fully underwritten by Remgro Ltd., through its wholly-owned subsidiary Industrial Partnership Investments (Pty) Ltd., or its assignee (the "Underwriter"). In terms of the underwriting agreement entered into between Rainbow and the Underwriter, the Underwriter has agreed to subscribe for all of the Rights Offer Shares that are not taken up by Rainbow shareholders or their renouncees in terms of the Rights Offer. An underwriting fee of 1.5% will be paid to the Underwriter.

Excess applications for Rights Offer Shares will not be allowed and any Rights Offer Shares that are not taken up pursuant to the Rights Offer shall be taken up by the Underwriter in accordance with the provisions of the underwriting agreement.

Salient dates and times
Subject to the fulfilment of the conditions precedent as set out below, the proposed salient dates and times for the Rights Offer are set out below.
*Last day to trade in Rainbow shares in order to participate in the Rights Offer (cum-entitlement) on Friday, 1 February 2013
*Rainbow shares commence trading ex-entitlement at 09:00 on Monday, 4 February 2013
*Listing of and trading in the letters of allocation on the securities exchange operated by the JSE Ltd. (JSE) commences at 09:00 on Monday, 4 February 2013
*Record Date on Friday, 8 February 2013
*Rights Offer opens at 09:00 on Monday, 11 February 2013
*Holders of dematerialised Rainbow shares will have their accounts at their CSDP or broker automatically credited with their letters of allocation on Monday, 11 February 2013
*Holders of certificated Rainbow shares will have their letters of allocation credited to an electronic register maintained by Rainbow"s transfer secretaries on Monday, 11 February 2013
*Circular and form of instruction, where applicable, posted to shareholders registered as such on the Record Date ("Qualifying Shareholders") on Monday, 11 February 2013
*Last day for trading letters of allocation on the securities exchange operated by the JSE on Friday, 22 February 2013
*Listing and trading of Rights Offer Shares on the securities exchange operated by the JSE commences at 09:00 on Monday, 25 February 2013
*Rights Offer closes at 12:00 on (refer to note 4) Friday, 1 March 2013
*Record date for letters of allocation on Friday, 1 March 2013
*In respect of certificated Qualifying
*Shareholders (or their renouncees) wishing to exercise all or part of their nil paid rights, payment to be made and forms of instruction to be lodged with Rainbow"s transfer secretaries by 12:00 on Friday, 1 March 2013
*Rights Offer Shares issued on or about Monday, 4 March 2013
*In respect of dematerialised Qualifying Shareholders (or their renouncees) their CSDP or broker accounts will be debited with the aggregate Rights Offer Price and credited with Rights Offer Shares and share certificates posted to certificated Qualifying Shareholders (or their renouncees) by registered post on or about Monday, 4 March 2013
*Results of the Rights Offer announced on SENS on Monday, 4 March 2013
*Results of the Rights Offer published in the South African press on Tuesday, 5 March 2013

Notes:
1. Share certificates in respect of Rainbow shares may not be dematerialised or rematerialised between Monday, 4 February 2013 and Friday, 8 February 2013, both days inclusive.
2. All times are South African times.
3. CSDPs effect payment on a delivery versus payment basis in respect of dematerialised shares.
4. Dematerialised Rainbow shareholders are required to inform their CSDP or broker of their instructions in terms of the Rights Offer in the manner and time stipulated in the agreement governing the relationship between the RCL shareholder and their CSDP or broker.
5. The above dates and times are subject to amendment. Any amendments to the dates and times will be released on SENS and published in the South African press.

Conditions precedent
The implementation of the Rights Offer is subject to the fulfilment of the following conditions:
*Rainbow shareholders passing a special resolution, at the general meeting to be held on or about 15 January 2013 (General Meeting), in terms of section 36(2)(a) of the Companies Act No. 71 of 2008, as amended ("Act") approving an increase in the authorised number of Rainbow shares and an amendment to the Memorandum of Incorporation of Rainbow in order to give effect to the increase in the number of Rainbow"s shares and such special resolution being filed with the Companies and Intellectual Property Commission;
*Rainbow shareholders passing a special resolution at the General Meeting in terms of section 41(3) of the Act, approving the issue of the Rights Offer Shares pursuant to the Rights Offer, which special resolution will also constitute a specific authority for the board of directors of Rainbow to issue the Rights Offer Shares, as envisaged in clause 6.7.2 of the Memorandum of Incorporation of Rainbow;
*the JSE approving the Rights Offer circular, including revised listing particulars, to Rainbow shareholders (Circular); and
*the JSE approving the listing of the letters of allocation and the listing of the Rights Offer Shares on the securities exchange operated by the JSE.

Unaudited pro forma financial effects of the Foodcorp Acquisition and the Rights Offer
These are available in the SENS announcement.

Further notices
It is anticipated that a finalisation announcement in respect of the Rights Offer will be released on SENS on 25 January 2013 and published in the South African press on 28 January 2013.

The Circular, incorporating revised listing particulars and a form of instruction in respect of letters of allocation, where applicable, will be posted to all Qualifying Shareholders on or about 11 February 2013.

2012-11-20

Rainbow report on proceedings at AGM


At the forty-sixth annual general meeting of the shareholders of Rainbow held on 20 November 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.

2012-11-14

Rainbow -- cautionary


The rights offer have not yet been determined. Accordingly, shareholders are advised to exercise caution when dealing in Rainbow"s shares until a detailed announcement is made.

2012-11-14

Rainbow -- acquisition of Foodcorp


Rainbow shareholders are advised that RCL and Capitau FC Investment (Pty) Ltd. ("CIM SPV"), an entity under the management of Capitau Investment Advisory (Pty) Ltd. ("Capitau") have entered into an arrangement in terms of which they have agreed to acquire 76.1% of the ordinary share capital in Foodcorp through Capitau Investment Management Ltd. ("CIM") and Rainbow will acquire 84.3% of the issued ordinary shares of CIM, which will result in RCL effectively owning 64.2% of the issued ordinary share capital of Foodcorp (the "transaction"). Foodcorp management will retain a 23.9% holding in the company and will continue to manage the company following the implementation of the transaction.

Business of Foodcorp
Foodcorp is a leading South African manufacturer of quality branded and private label food products. The company manufactures, markets and distributes a diversity of food products ranging from basic essentials to top end desserts and convenience meals.

Foodcorps range of products is among the leading and best recognised brands in South Africa. These include Yum Yum peanut butter, Ouma Rusks, Pieman's meat pies, Sunbake bread and bakery products, Bobtail and Dogmor pet foods, Nola mayonnaise and the popular maize drink, Mageu No 1. The company also manufactures and sells a wide range of quality convenience, ready-to-eat products for Woolworths and other retailers.

Foodcorp positions its products to appeal to the mass consumer market in South Africa and supplies most of it nationally to major retail outlets, food wholesale outlets, independent retailers, forecourts and the food services industry. It also exports certain products, principally to the rest of Africa.

The business typically sells around 200 million loaves of bread, 280 000 tons of flour, 120 million pies and 60 million litres of Mageu No.1 a year. Revenue and EBITDA for the year ended 31 August 2012 amounted to R6.9 billion and R773 million, respectively.

Transaction structure
In terms of agreements entered into by Rainbow with:
*BlueBay Asset Management LLP ("BlueBay"), in its capacity as agent of BlueBay Funds - BlueBay High Yield Bond Fund; BlueBay Structured Funds: High Yield Enhanced Fund; BlueBay Specialised Funds: Credit Opportunity (Master) Fund; BlueBay Funds - BlueBay High Yield Corporate Bond Fund; The BlueBay Distressed Opportunities (Master) Fund Ltd.; BlueBay Funds - BlueBay Global High Yield Bond Fund; and BlueBay Structured Funds: High Yield Institutional Credit Select Fund, Rainbow has agreed to purchase the 378 751 (three hundred and seventy eight thousand seven hundred and fifty one) ordinary shares in Foodcorp ("Foodcorp Shares") held by the BlueBay Funds (amounting to 46.0% of the issued ordinary share capital of Foodcorp);
*the Foodcorp Employee Share Trust, Rainbow has agreed to purchase the 185 000 Foodcorp Shares held by the Foodcorp Employee Share Trust (amounting to 22.5% of the issued ordinary share capital of Foodcorp); and
*Foodcorp Management Holdings (Pty) Ltd., RCL has agreed to purchase the 23 810 Foodcorp Shares held by Foodcorp Management Holdings (Pty) Ltd. (amounting to 2.9% of the issued ordinary share capital of Foodcorp).

These agreements will hereinafter be collectively referred to as the "Sale Agreements". RCL has further agreed to assign its rights and obligations under the Sale Agreements to CIM. In addition, CIM SPV has agreed to acquire all the Foodcorp Shares held by the Capitau managed entities (amounting to 4.7% of the issued ordinary share capital of Foodcorp).

Immediately prior to the implementation of the acquisition of the Foodcorp Shares:
*Rainbow will subscribe for 84.3% of the ordinary share capital of CIM for a nominal subscription consideration and for preference shares in the share capital of CIM ("preference shares") for a subscription consideration of R1 037 million which will carry a dividend yield equal to the prime lending rate of FirstRand Bank Ltd.; and
*CIM SPV will subscribe for ordinary shares in CIM for a nominal subscription consideration and will, together with Capitau Holdings Ltd., hold the remaining 15.7% of the ordinary share capital of CIM. CIM SPV will contribute its 4.7% interest in Foodcorp in exchange for Preference Shares to the value of R71 million and will subscribe for additional Preference Shares at a subscription consideration of R36 million.

CIM will utilize the cash proceeds from the preference shares issued to Rainbow and CIM SPV to settle the purchase consideration payable in respect of the Foodcorp Shares. Upon successful completion of the transaction, CIM will own 76.1% of the issued ordinary share capital of Foodcorp and RCL will own 84.3% of the share capital of CIM and an effective 64.2% of Foodcorp. The remaining shares in CIM will be held by the CIM SPV together with Capitau Holdings Ltd. The risks and benefits of ownership will pass with effect from 1 September 2012. Please refer to www.jse.co.za for PDF version of this announcement to view the diagram.

Rainbow will conduct a rights offer fully underwritten by Remgro Ltd. to fund the Transaction. Full details of the offer will be communicated to shareholders in due course.

Conditions precedent
The transaction is subject to the fulfilment or waiver, as the case may be, of inter alia the following conditions:
*the approval of the transaction by the Competition Tribunal in terms of the Competition Act 89 of 1998, as amended, either unconditionally or subject to conditions reasonably acceptable to the person on whom such conditions are imposed;
*the approval of the transaction by the Financial Surveillance Department of the South African Reserve Bank; and
*all other regulatory approvals required by law to give effect to the transaction.

2012-10-23

Rainbow no change statement & notice of AGM


Shareholders are advised that the annual financial statements will be distributed to shareholders on 23 October 2012 and contain no modifications to the audited results which were published on SENS on 28 August 2012.

Notice of the annual general meeting
Notice is given that the 46th annual general meeting of Rainbow shareholders will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Tuesday, 20 November 2012 at 08h30 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

2012-08-28

Rainbow final results 30 June 2012


During 2011 Rainbow changed its financial year-end from 31 March to 30 June so as to align with that of its holding company, Remgro Ltd. Therefore the figures for 30 June 2012 are not comparable to the 15 months ended 30 June 2011. Revenue came in at R7.9 billion. Operating profit was R414.2 million, while total comprehensive income for the year was recorded at R266.8 million. Furthermore, headline earnings per share came in at 90.7cps.

Dividend
The directors have resolved to declare a final gross cash dividend (number 78) of 32cps for the period ended 30 June 2012 (2011: 56cps).

Prospects
The volatile state of the global and local economy means a sustainable improvement in consumer sentiment and spending is difficult to predict in the near future. Raw material commodity prices are at record levels and together with the local supply and demand imbalance affecting chicken realisations, margins are likely to remain under pressure. Despite these factors, growth opportunities continue to be explored to meet the Group"s long-term strategic aspirations.

2012-08-15

Rainbow trading statement


The group"s final results for the financial year ended 30 June 2012 are due to be released on SENS on or about Tuesday 28 August 2012. During the 2011 financial year the group changed its financial year end from 31 March to 30 June. The final results for the 2012 financial year will therefore be compared to the results for the 15 month period ended 30 June 2011 and are therefore not directly comparable. Rainbow shareholders are advised that the group expects its earnings per share and headline earnings per share for the year ended 30 June 2012 to be between 25% and 35% lower than that of the 15 month period ended 30 June 2011.

2012-06-12

Rainbow announce changes to the board


Further to the announcement released on SENS on 30 April 2012 regarding the passing of the chairman, Mr. Thys Visser, shareholders are advised that the recently appointed chief executive officer of Remgro Ltd., Mr. Jannie Durand, has been appointed as the chairman of the board of the company with effect from today, 12 June 2012. Mr. Chris Van Den Heever has been appointed as a non-executive director of the board of the company with effect from 12 June 2012.

2012-05-15

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : BM Mackenzie
Company : Vector Logistics Pty Ltd

Date of transaction : 11 May 2012
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options : 6 500
accepted and and
exercised
Option grant date : 19 May 2005
Option grant price : R6.65
Total value of : R43,225.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 14 May 2012
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 6 500
Selling price : R14.50
Total value of : R94,250.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
15 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/05/2012 14:06:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2012-04-30

Rainbow -- passing of chairman


It is with deep sadness that the Rainbow board announces the death of its chairman, Mr Thys Visser. Thys (58) passed away following a car accident on 26 April 2012. An announcement will be made regarding Thys" successor in due course.

2012-04-20

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : S Pillay
Company : Vector Logistics Pty Ltd

Date of transaction : 18 April 2012
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options : 19 000
accepted and and
exercised
Option grant date : 19 May 2005
Option grant price : R6.65
Total value of : R126,350.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 19 April 2012
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 19 000
Selling price : R14.60
Total value of : R277,400.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
20 April 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/04/2012 13:19:18 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2012-04-13

RBW - Rainbow Chicken Limited - Dealings in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : R H Field
Company : Rainbow Chicken Limited
Date of transaction : 12 April 2012
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary
shares
Number of options accepted and exercised : 128 000
Option grant date : 19 May 2005
Option grant price : R6.65
Total value of transaction : R851,200.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
13 April 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/04/2012 12:33:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2012-04-02

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : CD Creed
Company : Vector Logistics Pty Ltd
Date of transaction : 30 March 2012
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options : 40 000
accepted and and
exercised
Option grant date : 19 May 2005
Option grant price : R6.65
Total value of : R266,000.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
2 April 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/04/2012 12:51:26 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2012-03-01

RBW - Rainbow Chicken Limited - Dealings in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M Dally
Company : Rainbow Chicken Limited
Date of transaction : 29 February 2012
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 364 000
Option grant date : 19 May 2005
Option grant price : R6.65
Total value of transaction : R2,420,600.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
1 March 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/03/2012 17:08:22 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2012-02-21

Rainbow interim results 31 December 2011


Rainbow changed its year end to 30 June, and thus the comparative figures for 2010 are from the six months ended 30 September 2010. Revenue for the interim period increased to R3.9 billion (2010: R3.4 billion), while operating profit surged to R301.5 million (2010: R237.4 million), while total comprehensive income for the period jumped to R200.4 million (2010: R162.5 million). Furthermore, headline earnings per share rose to 68.7cps (2010: 55.2cps).

Dividend
The board declared an interim dividend of 28cps in respect of the period ended 31 December 2011 (2010: 28cps). This interim dividend is subject to STC as the declaration date precedes the implementation of the new dividend taxation legislation effective 1 April 2012.

Prospects
Initial planting estimates for the local maize crop are higher but weather conditions are now the key determinant in the size of the final crop. Other input cost pressures remain a challenge to the business and consumer sentiment and the general economy needs to improve before RCL"s operating margins can be restored to targeted levels. Despite these factors, growth opportunities continue to be explored to meet the group"s long-term strategic aspirations.

2012-02-14

Rainbow release trading statement


The group"s interim results for the 2012 financial year (for the six month period ended 31 December 2011) are due to be released on SENS on Tuesday 21 February 2012. During the 2011 financial year the group changed its financial year end from 31 March to 30 June. The interim results for the 2012 financial year therefore include the peak trading quarter of the year, i.e. 1 October to 31 December, unlike the previously reported interim results for the 2011 financial year (for the six month period ended 30 September 2010). The results are therefore not directly comparable. Consequently Rainbow shareholders are advised that the group expects its Earnings Per Share and Headline Earnings Per Share for the six month period ended 31 December 2011 to be between 21% and 26% higher than that of the six month period ended 30 September 2010.

2011-11-25

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : L J De Waal
Company : Vector Logistics Pty Ltd
Date of transaction : 22 November 2011
Nature of transaction : Off market acceptance and
exercise of options
Class of securities : Options in respect of ordinary
shares
Number of options : 100 865
accepted and exercised
Option grant dates and prices : 19 May 2005(32000 at R6.65)
25 May 2006(46915 at R10.39)
22 May 2008(21950 at R14.20)
Total value of transaction : R1,011,936.85
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
25 November 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/11/2011 09:32:29 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-10-27

Rainbow report on proceedings at AGM


At the 45th annual general meeting of the shareholders of Rainbow held on 27 October 2011, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.

2011-09-29

Rainbow no change statement & notice of AGM


Shareholders were advised that the annual financial statements will be distributed to shareholders on 29 September 2011 and contain no modifications to the audited results which were published on SENS on 30 August 2011.

Notice of the annual general meeting
Notice was given that the 45th annual general meeting of shareholders of Rainbow Chicken Limited will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Thursday 27 October 2011 at 14h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

2011-09-12

Rainbow -- acquisition of poultry processing


Rainbow announced that it has concluded an agreement to acquire the poultry processing operations of Bush Valley Chickens, located near Tzaneen in Limpopo province, for a purchase consideration of R92.5 million ("the transaction"). The facility currently processes approximately 150,000 chickens per week and fits Rainbow's strategic growth plan, although the short-term impact on earnings is expected to be immaterial. The transaction is subject to approval by the Competition Commission and the fulfilment of certain suspensive conditions.

2011-09-07

RBW - Rainbow Chicken Limited - Dealings in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M Dally
Company : Rainbow Chicken Limited
Date of transaction : 5 September 2011
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 100 000
Option grant date : 19 May 2005
Option vesting date : 19 May 2008
Option exercise price : R6.65
Total value of transaction : R665,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
7 September 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/09/2011 14:00:58 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-08-30

Rainbow final results for 15 months 30 June 2011


Revenue increased to R8.6 billion (2010: R7 billion). Operating profit rose to R552.3 million (2010: R519.7 million), while total comprehensive income for the period grew to R383.9 million (2010: R355.5 million). Furthermore, headline earnings per share was higher at 132.7cps (2010: 120.4cps).

Dividend
The board declared a final dividend (number 76) of 56cps in respect of the 15 months ended 30 June 2011 (2010: 48cps).The total dividend for the year is 1.6 times covered by fully diluted headline earnings per share (2010: 1.6 times). It is the board"s intention to restore the dividend cover range to between 2.0 and 2.5 times over a period of time.

Prospects
The global economic recovery remains fragile with growth in the SA economy below the levels experienced prior to the recession. Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement in the low global stock levels dependant on the yield of the new northern hemisphere crops. Since year-end local maize prices have increased significantly and over the next six months all raw material prices are anticipated to follow international price movements. Energy rate cost increases, driven largely by oil and electricity, continue to challenge Rainbow and Vector"s cost of doing business. Although chicken realisations have improved marginally, they are expected to remain under pressure as a result of consumers" lower disposable income and the current higher level of imports.

2011-05-23

Rainbow interim results March 2011


Revenue increased slightly to R6.96 billion (R6.95 billion). Operating profit rose to R534.38 million (R519.69 million). Net attributable profit improved to R368.02 million (R355.51 million). In addition, headline earnings per share grew to 127.1cps (120.4cps). (Rainbow"s financial year-end has changed to 30 June so as to align with that of its holding company, Remgro Ltd. Therefore these results are classified as interim results.)

Dividend
Audited results will be published for the 15 months ended 30 June 2011 in August 2011, at which time the final dividend for the 2011 financial year will be declared.

Outlook
The global economic recovery remains fragile with growth in the SA economy below the levels experienced prior to the recession. Oil prices specifically are trading at relatively high levels, which impacts on related ethanol and maize markets. Maize and soya prices are likely to remain high and volatile, with any improvement in the low global stock levels dependant on the yield of the new northern hemisphere crops. Local raw material price movements are anticipated to follow international price movements in the next six months. Whilst chicken realisations have shown some improvement in recent months, they are expected to remain under pressure as a result of consumers' lower disposable income and the current higher level of imports

2011-03-30

Rainbow -- change in year end: CIPRO approval


With reference to the announcement released on SENS on 17 March 2011, shareholders are advised that the Companies and Intellectual Property Registration Office ("CIPRO") has approved the company"s change in financial year-end. Accordingly, Rainbow"s year-end has changed from 31 March to 30 June. Therefore Rainbow"s results for the 15 months ended 30 June 2011 will be published in September 2011.

2011-03-18

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : DS Milne
Company : Rainbow Farms (Pty) Limited(a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 17 March 2011
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 32 000
Option strike price : R6.65
Strike date : 19 May 2005
Vesting dates : 19 May 2008 (16 000 options)
19 May 2009 (16 000 options)
Total value of transaction : R212,800.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 17 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 32 000
Selling price : R17.75 per share
Total value of transaction : R568,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
18 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/03/2011 13:21:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-17

Rainbow -- change in year end


Shareholders are herewith advised that the Board of Rainbow has approved the change in financial year-end of the company from 31 March to 30 June, with effect from the current financial year.

The rationale for the change in year- end is to align the year-end with that of its holding company Remgro Limited, which announced a change in financial year-end on 16 March 2011. It should be noted that the JSE Limited has approved the change in year-end, but approval from the Companies and Intellectual Property Registration Office ("CIPRO") is still pending.

Rainbow will publish and distribute a second set of interim results to shareholders for the twelve month period ending 31 March 2011, with comparative figures to the previous year, by no later than 30 June 2011. Rainbow will then also publish and distribute financial results for the fifteen months ending 30 June 2011, by no later than 30 September 2011, as well as publishing annual financial statements for the extended financial period to 30 June 2011.

As a result of the change in year-end, Rainbow"s final and interim dividends will now be paid during September and April of each year respectively, compared to June and January previously. In respect of the fifteen month-period ending 30 June 2011, the final dividend will be based on earnings for the fifteen months and will be paid in September 2011. For subsequent financial years, the final dividend will again be based on earnings for the twelve months under review.

2011-03-17

RBW - Rainbow Chicken Limited - Dealings in securities by directors


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by directors
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : PD Cruickshank
Company : Rainbow Farms (Pty) Limited
(a major subsidiary of Rainbow
Chicken Limited)
Date of transaction : 16 March 2011
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary
shares
Number of options
accepted and exercised : 55 114
Option strike price : R6.65 (32 000 options)
R10.39 (23 114 options)
Strike dates : 19 May 2005 (32 000 options)
25 May 2006 (23 114 options)
Vesting dates : 19 May 2008 (16 000 options)
19 May 2009 (16 000 options)
25 May 2008 (23 114 options)
Total value of transaction : R452,954.46
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 16 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 55 114
Selling price : R18.05
Total value of transaction : R994,807.70
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 16 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 9 930
Selling price : R18.00
Total value of transaction : R178,740.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 17 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 570
Selling price : R18.00
Total value of transaction : R10,260.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : RH Field
Company : Rainbow Chicken Limited
Date of transaction : 16 March 2011
Nature of transaction : Off market acceptance and exercise
of options
Class of securities : Options in respect of ordinary
shares
Number of options
accepted and exercised : 353 088
Option strike price : R5.10 (16 103 options)
R5.30 (131 822 options)
R6.65 (128 000 options)
R10.39 (77 163 options)
Strike dates : 21 May 2004 (16 103 options)
1 August 2004 (131 822 options)
19 May 2005 (128 000 options)
25 May 2006 (77 163 options)
Vesting dates : 21 May 2008 (16 103 options)
1 August 2007 (65 911 options)
1 August 2008 (65 911 options)
19 May 2008 (128 000 options)
25 May 2008 (77 163 options)
Total value of transaction : 2,433,705.47
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 16 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 353 088
Selling price : R18.05
Total value of transaction : R6,373,238.40
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
17 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2011 17:29:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-16

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited (a major subsidiary of
Rainbow Chicken Limited)
Date of transaction : 15 March 2011
Nature of transaction : Off market acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 133 903
Option strike price : R10.39
Strike date : 25 May 2006
Vesting date : 25 May 2008 (44 634 options)
25 May 2009 (44 634 options)
25 May 2010 (44 635 options)
Total value of transaction: R1,391,252.17
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 15 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 133 903
Selling price : R18.00
Total value of transaction: R2,410,254.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
16 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/03/2011 08:46:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-15

RBW - Rainbow Chicken Limited - Dealings in securities by directors


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by directors
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : SB Heath
Company : Rainbow Farms (Pty) Limited(a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 14 March 2011
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 38 664
Option strike price : R14.20
Strike date : 22 May 2008
Vesting date : 22 May 2010
Total value of transaction : R549,028.80
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 14 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 38 664
Selling price : R18.50
Total value of transaction : R715,284.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : M Dally
Company : Rainbow Chicken Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 14 March 2011
Number of securities : 200 000
Selling price : R18.20 per share
Total value of transaction : R3,640,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
15 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/03/2011 17:21:15 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-11

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary- correction
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY- CORRECTION
Further to the announcement released on SENS yesterday, shareholders are advised
of the correct number of shares, price and total value for the following sale of
securities:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited(a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 9 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares

Number of securities : 10 600
Selling price : R18.02
Total value of transaction : R191,012.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
11 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/03/2011 13:51:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-10

RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow ChickenLimited)

Date of transaction : 9 March 2011
Nature of transaction : Off market acceptance and exercise of
options
Class of securities : Options in respect of ordinary shares
Number of options : 250 000
accepted and exercised
Option strike price : R8.25
Strike date : 1 August 2005
Vesting dates : 1 August 2007 (16 666 options)
1 August 2008 (116 667 options)
1 August 2009 (116 667 options)
Total value of : R2,062,500.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 9 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 239 400
Selling price : 10 600
Total value of : R4,309,200.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 10 March 2011
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Number of securities : 239 400
Selling price : R18.00
Total value of : R4,309,200.00
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
10 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/03/2011 17:10:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-07

RBW - Rainbow Chicken Limited - Dealing in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M Dally
Company : Rainbow Chicken Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 4 March 2011
Number of securities : 100 000
Selling price : R17.80 per share
Total value of transaction : R1 780 000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
7 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/03/2011 09:27:51 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2011-03-04

RBW - Rainbow Chicken Limited - Dealing in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M Dally
Company : Rainbow Chicken Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 3 March 2011
Number of securities : 100 000
Selling price : R17.80 per share
Total value of transaction : R1 780 000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
4 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04/03/2011 10:24:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-11-23

Rainbow interim results 30 September 2010


Revenue for the interim period rose ever so slightly to R3.38 billion (2009: R3.36 billion), but operating profit decreased to R237.4 million (2009: R248.7 million), and total comprehensive income for the period weakened to R162.5 million (2009: R173.4 million). Furthermore, headline earnings per share fell to 55.2cps (2009: 58.2cps).

Dividend
The board declared an interim dividend (number 75) of 28.0 cents per ordinary share in respect of the period ended 30 September 2010 (2009: 28.0 cents).

Prospects
Maize and soya prices are likely to remain volatile with uncertainty around both the current USA crop and new season local planting intentions. With the recent firming of market prices for maize and soya, feed prices are expected to be marginally higher in the second six months. Despite chicken realisations showing some improvement in recent months, trading conditions remain uncertain and difficult to predict.

2010-08-11

Rainbow director resigns


Donald Winston Vale has resigned as a non-executive director from the board of Rainbow with effect from 30 July 2010 as a consequence of his retirement.

2010-07-30

Rainbow report on proceedings at AGM


At the forty-fourth annual general meeting of the shareholders of Rainbow Chicken Ltd held on 30 July 2010, all the ordinary resolutions proposed at the meeting were approved by the requisite majority of votes.

2010-07-12

Rainbow notice of annual general meeting


Shareholders were advised that the annual financial statements have been distributed to shareholders on 5 July 2010 and contain no modifications to the audited results which were published on SENS on 25 May 2010.

Notice of the annual general meeting
Notice was given that the 44th annual general meeting of shareholders of Rainbow Chicken Ltd will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Friday, 30 July 2010 at 9:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

2010-06-01

RBW - Rainbow Chicken Limited - Dealing in securities by the company secretary


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by the company secretary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY THE COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Company Secretary : JMJ Maher
Company : Rainbow Chicken Limited
Nature of transaction Sale of securities
Class of securities : Ordinary shares
Nature of interest : Yes
Transaction completed : On market
Date of transaction : 28 May 2010
Number of securities : 1 718
Selling price : R15.90 per share
Total value of transaction R27,316.20
Date of transaction : 31 May 2010
Number of securities : 7 621
Selling price : R15.90 per share
Total value of transaction : R121,173.90
Durban
1 June 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/06/2010 11:40:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-05-31

RBW - Rainbow Chicken Limited - Dealing in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by a director of a major
subsidiary and the company secretary of Rainbow Chicken Limited
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND THE COMPANY
SECRETARY OF RAINBOW CHICKEN LIMITED
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director :SB Heath
Company :Rainbow Farms (Pty) Limited
(a major subsidiary of Rainbow Chicken Limited)
Nature of transaction :Sale of securities
Class of securities :Ordinary shares
Nature of interest :Direct beneficial
Clearance obtained :Yes
Transaction completed :On market
Date of transaction :28 May 2010
Number of securities :33 282
Selling price :R15.90 per share
Total value of transaction :R529,183.80
Company Secretary :JMJ Maher
Company :Rainbow Chicken Limited
Nature of transaction :Sale of securities
Class of securities :Ordinary shares
Nature of interest :Direct beneficial
Clearance obtained :Yes
Transaction completed :On market
Date of transaction :28 May 2010
Number of securities :19 366
Selling price :R15.90 per share
Total value of transaction :R307,919.40
Durban
31 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 31/05/2010 13:51:20 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-05-28

RBW - Rainbow Chicken Limited - Acceptance and exercise of options by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Acceptance and exercise of options by a director
of a major subsidiary and the company secretary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
ACCEPTANCE AND EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY AND THE
COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : SB Heath
Company : Rainbow Farms (Pty) Limited (a
major subsidiary of Rainbow Chicken Limited)
Date of transaction : 27 May 2010
Nature of transaction : Acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 33 282
Option strike price : R10.39
Strike date : 25 May 2006
Vesting date : 25 May 2010
Total value of transaction : R345,799.98
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : JMJ Maher
Company : Rainbow Chicken Limited
Date of transaction : 27 May 2010
Nature of transaction : Acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 17 952
Option strike price : R10.39
Strike date : 25 May 2006
Vesting date : 25 May 2010
Number of options
accepted and exercised : 10 753
Option strike price : R14.20
Strike date : 22 May 2008
Vesting date : 22 May 2010
Total value of transaction : R339,213.88
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
28 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/05/2010 12:02:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-05-25

Rainbow final results 31 March 2010


Revenue rose to R7 billion (R6.8 billion) and operating profit increased to R519.7 million (R423.8 million). Net attributable profit increased to R355.5 million (R317.5 million). In addition, headline earnings per share grew to 120.4cps (109.6cps).

Dividend
A final ordinary dividend of 48cps has been declared.

Prospects
Maize and soya prices are likely to remain at the lower levels with excellent crops expected locally and in Argentina. The exchange rate is expected to remain volatile, while feed prices are expected to decline but remain higher than historical levels. Chicken realisations are also expected to remain under pressure as a result of sluggish domestic demand, additional local production capacity and the current higher levels of imports. Energy rate cost increases, driven largely by oil and the approved electricity rate increase, are not expected to be fully recovered in chicken realisations.

2010-03-26

Rainbow - change to the board of directors


Jan Durand, the Chief Investment Officer of Remgro Ltd, has been appointed as a non-executive director to the board of Rainbow Chicken Ltd with effect from 26 March 2010.

2010-03-25

RBW - Rainbow Chicken Limited - Dealing in Securities by a Director of a Major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in Securities by a Director of a Major
Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited
(a major subsidiary of RainbowChicken Limited)
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : On market
Date of transaction : 23 March 2010
Number of securities : 11 300
Selling price : R16.05 per share
Total value of
transaction : R181,365.00
Date of transaction : 23 March 2010
Number of securities : 164
Selling price : R16.20 per share
Total value of
transaction : R2,656.80
Date of transaction : 23 March 2010
Number of securities : 1 700
Selling price : R16.35 per share
Total value of
transaction : R27,795.00
Date of transaction : 24 March 2010
Number of securities : 62 631
Selling price : R16.05 per share
Total value of
transaction : R1,005,227.55
Durban
25 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/03/2010 15:41:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-23

RBW - Rainbow Chicken - Dealing in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken - Dealing in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow Chicken Limited)
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : On market
Date of transaction : 18 March 2010
Number of securities : 22 000
Selling price : R16.35 per share
Total value of transaction : R359, 700.00
Date of transaction : 19 March 2010
Number of securities : 2 205
Selling price : R16.35 per share
Total value of transaction : R36,051.75
Durban
23 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/03/2010 14:50:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-19

RBW - Rainbow Chicken - Acceptance And Exercise Of Options By A Director


RBW
RBW
RBW - Rainbow Chicken - Acceptance And Exercise Of Options By A Director
Of A Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
ACCEPTANCE AND EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : TJ Harding
Company : Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 18 March 2010
Nature of transaction : Acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 100 000
Option strike price : R8.25
Strike date : 01 August 2005
Vesting date : 01 August 2007
Total value of transaction : R825,000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
19 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/03/2010 15:16:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-17

RBW - Rainbow Chicken - Dealing In Securities By A Director Of A Major


RBW
RBW
RBW - Rainbow Chicken - Dealing In Securities By A Director Of A Major
Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : WA De Wet
Company : Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow Chicken Limited)
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : On market
Date of transaction : 15 March 2010
Number of securities : 68 896
Selling price : R16.10 per share
Total value of transaction : R1,109 225.60
Date of transaction : 15 March 2010
Number of securities : 2 100
Selling price : R16.15 per share
Total value of transaction : R33,915.00
Date of transaction : 16 March 2010
Number of securities : 10 000
Selling price : R16.05 per share
Total value of transaction : R160,500.00
Date of transaction : 16 March 2010
Number of securities : 5 163
Selling price : R16.10 per share
Total value of transaction : R83,124.30
Durban
17 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2010 14:20:12 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-16

RBW - Rainbow Chicken Limited - Dealing in Securities by a Director of a Major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in Securities by a Director of a Major
Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : CE Vauqulin
Company : Rainbow Farms (Pty) Limited(a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 12 March 2010
Nature of transaction : Sale of securities
Number of securities : 75 000
Class of securities : Ordinary shares
Selling price : R16.10 per share
Total value of transaction : R1 207 500.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : On market
Durban
16 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/03/2010 16:08:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-15

RBW - Rainbow Chicken - Acceptance and Exercise of Options by a Director


RBW
RBW
RBW - Rainbow Chicken - Acceptance and Exercise of Options by a Director
of a Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
ACCEPTANCE AND EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : WA De Wet
Company : Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 12 March 2010
Nature of transaction : Acceptance and exercise of options
Class of securities : Options in respect of ordinary shares
Number of options
accepted and exercised : 40 000
Option strike price : R10.39
Strike date : 25 May 2006
Vesting date : 25 May 2008
Number of options
accepted and exercised : 46 159
Option strike price : R10.11
Strike date : 1 September 2006
Vesting date : 1 September 2008
Total value of transaction : R882,267.49
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
15 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/03/2010 15:40:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2010-03-12

RBW - Rainbow Chicken Limited - Dealing in securities by a director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by a director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : CE Vauqulin
Company : Rainbow Farms (Pty) Limited
(a major subsidiary of Rainbow Chicken
Limited)
Date of transaction : 11 March 2010
Nature of transaction : Sale of securities
Number of securities : 25 000
Class of securities : Ordinary shares
Selling price : R16.10 per share
Total value of transaction : R402 500.00
Nature of director's interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : On market
Durban
12 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/03/2010 14:50:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-11-19

Rainbow - interim results 30 September 2009


Revenue increased from R3 326 million to R3 360 million in 2009. Operating profit increased to R248.6 million (2008:R174.7 million). Profit attributable to ordinary shareholders increased to R173.4 million (R125.3 million). Headline earnings on a per share basis increased to 58.20cps (43.30cps).

Dividends per share
An interim dividend of 28.0 cps in respect of the six months ended 30 September 2009 (2008:24.0cps) was declared for the period under review.

Prospects
Maize prices are likely to remain at the lower levels but will be dependent on weather conditions and the extent of planting locally. Soya prices are likely to remain volatile due to the lower crop expectation and threat of further strikes in Argentina as well as the continued exchange rate volatility. By virtue of Rainbow"s forward procurement policy, feed prices are only expected to decline in the second six months of the financial year, however, tough conditions in the external feed market are expected to continue. Considering the economic recession and job loss statistics, consumer spending is expected to remain under pressure, translating into softer demand and continued depressed chicken realisations.

2009-11-13

Rainbow - trading statement


Rainbow"s results for the six months ended 30 September 2009 will be released on SENS on Thursday, 19 November 2009. Shareholders are advised that reported earnings, headline earnings, earnings per share and headline earnings per share for the six months to September 2009 are likely to be 30% - 40% higher than that of the corresponding reporting period of the previous year.

This trading statement is issued in compliance with the JSE Ltd listings requirements.

2009-09-01

Rainbow -- change to the board


Nkateko Peter Mageza has been appointed as an independent non-executive director to the board of Rainbow Chicken Ltd with effect from 1 September 2009.

2009-08-14

RBW - Rainbow Chicken - Dealing in securities by a director of a


RBW
RBW
RBW - Rainbow Chicken - Dealing in securities by a director of a
major subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : CE Vauqulin
Company: Rainbow Farms (Pty) Limited (a major
subsidiary of Rainbow Chicken Limited)
Date of transaction : 12 August 2009
Nature of transaction : Sale of securities
Number of securities : 1 000
Class of securities : Ordinary shares
Selling price : R16.35 per share
Total value of transaction : R16 350.00
Nature of director's interest : Direct beneficial
Clearance obtained : Yes
Durban
14 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/08/2009 13:01:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-08-12

RBW - Rainbow Chicken Limited - Dealings in securities by a director and a


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by a director and a
director of a major subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALINGS IN SECURITIES BY A DIRECTOR AND A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : CE Vauqulin
Company: Rainbow Farms (Pty) Limited(a major
subsidiary of Rainbow Chicken
Limited)
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Date of transaction : 7 August 2009
Number of securities : 41 759
Selling price : R16.35 per share
Total value of transaction : R682 759.65
Date of transaction : 11 August 2009
Number of securities : 3 241
Selling price : R16.35 per share
Total value of transaction : R52 990.35
Nature of director's interest : Direct beneficial
Clearance obtained : Yes
Director : M Dally
Company : Rainbow Chicken Limited
Date of transaction : 11 August 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 40 000
Selling price : R16.35
Total value of transaction : R654 000.00
Nature of director's interest : Direct beneficial
Clearance obtained : Yes
Durban
12 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/08/2009 11:27:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-08-11

RBW - Rainbow Chicken Limited - Dealing in securities by a director


RBW
RBW
RBW - Rainbow Chicken Limited - Dealing in securities by a director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M Dally
Company : Rainbow Chicken Limited
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Date of transaction : 7 August 2009
Number of securities : 34 138
Selling price : R16.35 per share
Total value of transaction : R558 156.30
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
11 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/08/2009 12:13:27 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-08-07

RBW - Rainbow Chicken Limited - Sale Of Shares By A Director


RBW
RBW
RBW - Rainbow Chicken Limited - Sale Of Shares By A Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
SALE OF SHARES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Chicken Limited are disclosed:
Director : M Dally
Nature of transactions : Sale of securities
Class of securities : Ordinary shares
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 5 August 2009
Number of securities : 2 075
Selling price : R16.35 per share
Value of transaction : R33 926.25
Date of transaction : 6 August 2009
Number of securities : 2 625
Selling price : R16.35 per share
Value of transaction : R42 918.75
Durban
7 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/08/2009 12:17:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-08-05

RBW - Rainbow Chicken Limited - Sale Of Shares By A Director


RBW
RBW
RBW - Rainbow Chicken Limited - Sale Of Shares By A Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
SALE OF SHARES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Chicken Limited are disclosed:
Director : M Dally
Date of transaction : 3 August 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 10 000
Selling price : R16.35 per share
Value of transaction : R163 500.00
Date of transaction : 4 August 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 11 162
Selling price : R16.35 per share
Value of transaction : R182 498.70
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
5 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/08/2009 14:15:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-07-31

Rainbow -- all resolutions passed at the AGM


At the 43rd annual general meeting of the shareholders of Rainbow held on Friday, 31 July 2009, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.

2009-07-24

RBW - Rainbow - Clarification announcement concerning dealings in securities by


RBW
RBW
RBW - Rainbow - Clarification announcement concerning dealings in securities by
a director of a major subsidiary released on 8 July 2009
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
CLARIFICATION ANNOUNCEMENT CONCERNING DEALINGS IN SECURITIES BY A DIRECTOR OF A
MAJOR SUBSIDIARY RELEASED ON 8 JULY 2009
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) are disclosed:
The transactions replace those transactions reported on SENS on 8 July 2009.
Director : SB Heath
Date of transaction : 17 June 2009
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 77 817
Option strike price : 64 000 options at R6.65
13 817 options at R10.39
Total value of transaction : R569 158.63
Date of transaction : 19 June 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 68 679
Selling price : R16.31 per share
Total value of transaction : R1 120 154.49
Date of transaction : 22 June 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 840
Selling price : R16.10 per share
Total value of transaction : R13 524.00
Date of transaction : 23 June 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 8 298
Selling price : R15.85 per share
Total value of transaction : R131 523.30
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
24 July 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/07/2009 17:31:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-07-16

RBW - Rainbow Chicken Limited - Exercise of options and subsequent sale of


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of options and subsequent sale of
shares by a director of a major subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY A DIRECTOR OF A MAJOR
SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) are disclosed:
Director : SB HEATH
Date of transaction : 15 July 2009
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 19 825
Option strike price : R10.39
Value of transaction : R205 981.75
Date of transaction : 15 July 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 19 825
Selling price : R14.7037 per share
Value of transaction : R291 500.22
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
16 July 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/07/2009 16:55:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-07-08

RBW - Rainbow - Exercise Of Options And Subsequent Sale Of Shares By A


RBW
RBW
RBW - Rainbow - Exercise Of Options And Subsequent Sale Of Shares By A
Director Of A Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY A DIRECTOR OF A MAJOR
SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow) are disclosed:
Director : SB Heath
Date of transaction : 29 June 2009
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 77 817
Option strike price : 64 000 options at R6.65
13 817 options at R10.39
Total value of transaction : R569 158.63
Date of transaction : 29 June 2009
Nature of transaction : Sale of shares
Class of securities : Ordinary shares
Number of securities : 77 817
Selling price : R16.2587 per share
Total value of transaction : R1 265 201.79
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
8 July 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/07/2009 17:12:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-07-02

Rainbow -- no change statement and AGM


With regard to the audited results for the year ended 31 March 2009, shareholders are advised that the annual financial statements have been distributed to shareholders on 1 July 2009 and contain no modifications to the audited results which were published on SENS on 9 June 2009.

Notice of the annual general meeting
Notice was given that the 43rd annual general meeting of shareholders of Rainbow Chicken Limited will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Friday, 31 July 2009 at 9:00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

2009-06-25

RBW - Rainbow - Dealings In Securities By A Director And The Company Secretary


RBW
RBW
RBW - Rainbow - Dealings In Securities By A Director And The Company Secretary
Of A Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALINGS IN SECURITIES BY A DIRECTOR AND THE COMPANY SECRETARY OF A MAJOR
SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director and the Company Secretary of Rainbow Farms (Pty)
Ltd (a major subsidiary of Rainbow Chicken Limited) are disclosed:
Director : CE Vauqulin
Date of transaction : 23 June 2009
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 66 633
Option strike price : 32 000 options at R6.65
34 633 options at R10.39
Total value of transaction : R572 636.87
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : JMJ Maher
Date of transaction : 23 June 2009
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 33 952
Option strike price : 16 000 options at R6.65
17 952 options at R10.39
Total value of transaction : R292 921.28
Date of transaction : 23 June 2009
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 33 952
Selling price : R16.3067 per share
Total value of transaction : R553 645.77
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
25 June 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/06/2009 17:46:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2009-06-09

Rainbow final results March 09


The group"s results for the twelve months ended 31 March 2009 reflect a headline earnings decline of 39.6%, however excluding the unrealised losses on financial instruments used in the feed raw material procurement strategy, the decline moderates to 14.8%. The board declared a final dividend of 44.0c per ordinary share in respect of the twelve months ended 31 March 2009.

Prospects
Considering the global economic recession and its spill-over impact locally, consumer spending is expected to remain under pressure. Maize prices are likely to remain volatile but at lower levels and continue to trade around export parity. Soya prices are likely to remain under pressure due to lower anticipated crops, the threat of further strikes in Argentina and the continued exchange rate volatility. By virtue of Rainbow"s forward procurement policy, feed prices are only expected to be meaningfully lower in the second six months of the 2010 financial year. The lower anticipated feed prices and benefit of the unrealised procurement losses booked in 2009 are likely to have a favourable impact on earnings for the 2010 year.

2009-05-05

Rainbow - trading update


Rainbow"s results for the year ending 31 March 2009 will be released on Tuesday, 9 June 2009.

Shareholders are advised that reported earnings, headline earnings, earnings per share and headline earnings per share for the year to March 2009 are likely to be 35% - 45% lower than the corresponding reporting period of the previous year.

2008-11-21

Rainbow -- changes to the board


Dawid Gideon Zwiegelaar has resigned as a non-executive director of the company with effect from 19 November 2008 due to retirement.

Pieter Rudolf Louw has been appointed as a non-executive director of the Company with effect from 1 December 2008.

Roy Vaughan Smither has been appointed as an independent non-executive director of the Company with effect from 1 December 2008.

2008-11-19

Rainbow interim results September 08


Headline earnings decreased by 39.6% to R125.8 million (R208.3 million) with diluted headline earnings per share reducing by 39.1% to 43.3cps (71.1cps). Cash generated by operations decreased by 33.0% to R166.6 million (R248.7 million) by virtue of the lower trading results and increased working capital investment. Inventories and receivables have been impacted by the higher feed costs, however, underlying days" cover is marginally improved on the previous year.

Dividend
The board declared an interim dividend of 24.0cps.

Prospects
Consumer spending is expected to continue to soften over the next six months as a consequence of the higher inflation and interest rate environment. Maize and soya prices and the exchange rate are likely to remain volatile over the next few months. Prices are expected to remain at the current higher levels translating into significantly higher feed input costs than the 2008 financial year. Other inflationary and supply pressures are likely to continue. As in the period to date, sales realisations are unlikely to fully recover all the anticipated production cost increases. As a result earnings for the full year are likely to be lower than 2008.

2008-10-17

Rainbow expects lower EPS and HEPS


Shareholders are advised that reported earnings, headline earnings, earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months to September 2008 are likely to be 35% - 40% lower than the corresponding reporting period of the previous year. As previously noted, reporting the financial effects of certain financial instruments used in the feed raw material procurement strategy introduces volatility to the group"s financial results. These financial instruments are accounted for in terms of IAS 39 (Financial Instruments: Recognition and Measurement). On a pre IAS 39 basis, earnings, headline earnings, EPS and HEPS for the six months to September 2008 are likely to be 25% - 30% lower than the corresponding reporting period of the previous year.

2008-10-06

RBW - Rainbow Chicken Limited - Exercise of options and subsequent sale of


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of options and subsequent sale of
shares by company secretary
RAINBOW CHICKEN
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by the Company Secretary of Rainbow are disclosed:
Company Secretary : JMJ Maher
Date of transactions : 30 September 2008
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 42 810
Option strike prices : 8 858 options at R5.10
16 000 options at R6.65
17 952 options at R10.39
Value of transaction : R338 097.08
Nature of interest : Direct beneficial
Clearance obtained : Yes
Nature of transaction : Sale of shares
Class of securities : Ordinary shares
Number of options exercised : 42 810
Number of shares sold : 42 810
Selling price : R13.9668 per share
Value of sale : R597 917.06
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
6 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/10/2008 11:40:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-10-06

RBW - Rainbow - Dealings in securities by a director of a major subsidiary


RBW
RBW
RBW - Rainbow - Dealings in securities by a director of a major subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
The sale of securities relates to securities acquired in respect of the exercise
of share options in terms of the Rainbow Share Incentive Scheme announced on 11
September 2008.
Director : MPW Rogowski
Company : Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited)
Date of transaction : 30 September 2008
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 62 596
Selling price : R14.0253 per share
Total value of transaction : R877 929.60
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
6 October 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/10/2008 11:38:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-09-26

RBW - Rainbow Chicken - Dealing In Securities By A Director Of A Major


RBW
RBW
RBW - Rainbow Chicken - Dealing In Securities By A Director Of A Major
Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
Director : MPW Rogowski
Date of transaction : 22 September 2008
Nature of transaction : Sale of securities acquired in
respect of the exercise of share options in
terms of the Rainbow Share Incentive Scheme
announced on 11 September 2008
Class of securities : Ordinary shares
Number of securities : 6 000
Selling price : R15.75575 per share
Total value of transaction : R 94 534.50
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
26 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/09/2008 15:06:43 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-09-17

RBW - Rainbow - Dealings in securities by a director of a major subsidiary


RBW
RBW
RBW - Rainbow - Dealings in securities by a director of a major subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) is disclosed:
Director : CE Vauqulin
Date of transaction : 15 September 2008
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 7353
Selling price : R16.50 per share
Total value of transaction : R121 324.50
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
17 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/09/2008 08:20:05 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-09-12

RBW - Rainbow Chicken Limited - Dealings in securities by directors of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by directors of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) are disclosed:
Director : MPW Rogowski
Date of transaction : 9 September 2008
Nature of transaction : Sale of securities acquired in respect of the
exercise of share options in terms of the
Rainbow Share Incentive Scheme announced on
11 September 2008
Class of securities : Ordinary shares
Number of securities : 16 064
Selling price : R16.5070 per share
Total value of transaction : R265 168.45
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : CE Vauqulin
Date of transaction : 10 September 2008
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 10 000
Selling price : R16.50 per share
Total value of transaction : R165 000.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
12 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/09/2008 17:11:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-09-11

RBW - Rainbow Chicken Limited - Exercise of options by director of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of options by director of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
EXERCISE OF OPTIONS BY DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
Director : MPW Rogowski
Date of transaction : 09 September 2008
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 84 660
Option strike price : 36 660 options at R5.10
48 000 options at R6.65
Total value of transaction : R506 166.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
11 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/09/2008 12:24:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-08-01

Rainbow -- results of the AGM


At the 42nd annual general meeting of the shareholders of Rainbow held on Thursday, 31 July 2008 the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.

2008-07-03

RBW - Rainbow Chicken Limited - Dealings in securities by directors of a major


RBW
RBW
RBW - Rainbow Chicken Limited - Dealings in securities by directors of a major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
DEALINGS IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) are disclosed:
The sale of securities relates to securities acquired in respect of the exercise
of share options in terms of the Rainbow Share Incentive Scheme announced on 29
May 2008.
Director : S B Heath
Company : Rainbow Farms (Pty) Ltd (a
major subsidiary of Rainbow
Chicken Limited)
Date of transaction : 30 June 2008
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 118 422
Selling price : R14.2528 per share
Total value of transaction : R1,687,842.87
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C E Vauqulin
Company : Rainbow Farms (Pty) Ltd (a
major subsidiary of Rainbow
Chicken Limited)
Date of transaction : 30 June 2008
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 82 000
Selling price : R13.8988 per share
Total value of transaction : R1,139,703.90
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
3 July 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/07/2008 10:26:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-05-30

RBW - Rainbow Chicken - Exercise of options by directors of major subsidiary


RBW
RBW
RBW - Rainbow Chicken - Exercise of options by directors of major subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
Exercise Of Options By Directors Of Major Subsidiary
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) are disclosed:
Director : S B Heath
Date of transaction : 27 May 2008
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 118 422
Option strike price : 20 960 options at R5.10
64 000 options at R6.65
33 462 options at R10.39
Total value of transaction : R880 166.18
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C E Vauqulin
Date of transaction : 27 May 2008
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 107 278
Option strike price : 40 645 options at R5.10
32 000 options at R6.65
34 633 options at R10.39
Total value of transaction : R779 926.37
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
30 May 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/05/2008 08:15:29 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2008-05-21

Rainbow final results March 08


Revenue was up 25.9% to R6 billion (R4.7 billion) for the year to 31 March 2008. Operating profit rose 19.2% to R780 million (R654.1 million) and net profit for the year attributable to ordinary shareholders increased to R539 million (R474.2 million). In addition, headline earnings per share increased 7.8% to 182.8cps (169.5cps).

Dividend
A final ordinary dividend of 44cps (48cps) has been declared for the period under review.

Prospects
Consumer spending is expected to soften over the next six months as a consequence of the higher inflation and interest rate environment. Maize and soya prices are likely to remain at the current higher levels translating into significantly higher feed input costs than the 2008 financial year. Other costs like fuel, gas, coal, electricity and packaging have also been significantly impacted by inflationary and supply pressures. As in 2008, sales realisations are unlikely to fully recover all the anticipated production cost pressures. As a result earnings for the 2009 financial year on a pre-and post-IAS39 basis are likely to be lower than 2008. In light of the above and the difficult trading environment anticipated for the year ahead, the board has decided to maintain the current year dividend at the prior year level.

2008-03-18

Rainbow -- results of general meeting


Shareholders are advised that, at the general meeting of Rainbow shareholders held at the registered office of the company, all the resolutions as set out in the notice of general meeting which was incorporated in the circular to Rainbow shareholders dated 25 February 2008, were passed by the requisite majority of shareholders present or represented by proxy.

2008-02-20

Rainbow -- BEE and withdrawal of cautionary


Rainbow announced that it proposes introducing a strategic BEE shareholding into Rainbow ("the BEE transaction"). The BEE transaction will result in 15% of Rainbow"s entire issued share capital being owned by the BEE partners, equivalent to R915.6 million.

Conditions precedent
The implementation of the BEE transaction is subject to fulfilment of the condition precedent that the requisite majority of Rainbow shareholders vote in favour of all the resolutions necessary to implement the BEE transaction.

Further documentation
A circular, containing full details of the BEE transaction, will be posted to Rainbow shareholders on 25 February 2008. The general meeting will be held at 16:00 on 18 March 2008 and the proposed BEE transaction will be implemented after the payment of any dividends to Rainbow shareholders for the financial year ended 31 March 2008.

Salient dates and times
The salient dates and times are:
*Circular posted to Rainbow shareholders on Monday, 25 February 2008
*Last day to lodge forms of proxy (in respect of general meeting of Rainbow shareholders) by 16:00 on Friday, 14 March 2008
*General meeting of Rainbow shareholders to be held at 16:00 on Tuesday, 18 March 2008
*Results of general meeting published on SENS on Tuesday, 18 March 2008
The above dates and times are subject to change.

Withdrawal of cautionary
Given that full details of the proposed BEE transaction have now been provided to the market, caution is no longer required to be exercised by shareholders when dealing in their Rainbow securities.

2008-01-17

Rainbow -- cautionary announcement


Rainbow shareholders are advised that the company has commenced discussions with BEE partners with regard to the introduction of a BEE shareholding into Rainbow. Any proposed BEE transaction, if successfully concluded, will be subject to certain regulatory and shareholder approvals and may have an effect on the market price at which Rainbow"s shares trade on the JSE Ltd. Shareholders of the company are accordingly advised to exercise caution when dealing in their Rainbow shares until a detailed announcement is made.

2007-11-21

Rainbow interim results September 07


Rainbow has continued to focus on its key strategic initiatives centred around its consumers and customers. Investment in the supply chain continues to be made to supply strategic customers with the desired product mix. The group"s results for the six months ended 30 September 2007 reflect headline earnings growth of 20.8% compared to the same period of the previous year. Chicken revenue for the six months was 28.4% higher than the same period of the previous year. Rainbow"s average price realisation, including mix improvement, increased by 16.7%. Overall chicken volumes increased by 11.7%, including 5 extra trading days (4% effect), with the Quick Service Restaurants (QSR) sector, targeted customers and branded products all showing pleasing growth. Group revenue increased by 31.9% to R2.9 billion (R2.2 billion) largely a function of the higher chicken and feed realisations and Epol and Vector"s higher external volumes. Headline EBITDA increased by 20.5% to R378.7 million (R314.3 million), reflecting the higher revenue and improved customer and product mix.

Dividend
The board declared an interim cash dividend of 24.0cps in respect of the six months ended 30 September 2007.

Prospects
Consumer spending is expected to soften over the next six months as a consequence of the higher inflation and interest rate environment although the impact on chicken consumption is likely to be limited. Maize and soya prices are likely to remain at the current higher levels translating into higher feed input costs for the balance of the financial year. Earnings growth for the full year on a pre- and post-IAS39 basis is expected to be lower than the first six months.

2007-08-01

Rainbow -- change in company secretary


Stephen Burridge Heath has been appointed as human resources and legal director of Rainbow Farms (Pty) Ltd (a major subsidiary of Rainbow Chicken Ltd) with effect from 1 August 2007, and has consequently resigned as company secretary of Rainbow Chicken Ltd with effect from 1 August 2007. John Michael Joseph Maher has been appointed as company secretary of Rainbow Chicken Ltd with effect from 1 August 2007.

2007-08-01

Rainbow -- results of annual general meeting


At the annual general meeting held on 31 July 2007, the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.

2007-07-05

Rainbow -- no change statement and AGM notice


The annual financial statements will be distributed to shareholders on or about Friday 6 July 2007 and contain no modifications to the abridged audited group results which were published on SENS on Wednesday 23 May 2007.

Notice of the annual general meeting
Notice is hereby given that the 41st annual general meeting of shareholders will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on Tuesday 31 July 2007 at 09h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.

2007-07-04

Rainbow -- results of Remgro offer


Before the commencement of the offer, Remgro and its subsidiaries held 173 996 803 Rainbow shares, or a 61.5% economic interest. Valid acceptances of the offer have been received in respect of 30 236 876 Rainbow ordinary shares. An additional 10 699 024 Rainbow shares were acquired by Remgro and its subsidiaries in the market at R16.00 per share during the offer period. Remgro and its subsidiaries now own 214 932 703 Rainbow shares, or a 74.1% economic interest in Rainbow. The issued capital of Rainbow comprises 290 004 228 shares.

2007-06-26

RBW - Rainbow Chicken - Exercise of Options by Dir


RBW
RBW
RBW - Rainbow Chicken - Exercise of Options by Director of Major Subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) are disclosed:
Director : C E Vauqulin
Date of transaction : 11 June 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 20 000
Selling price : R16.00
Total value of transaction : R320 000.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C E Vauqulin
Date of transaction : 20 June 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 90 902
Selling price : R16.02
Total value of transaction : R1 456 250.04
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
26 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/06/2007 16:20:12 Produced by the JSE SENS Department.

2007-06-26

RBW - Rainbow - Exercise Of Options And Sale Of Se


RBW
RBW
RBW - Rainbow - Exercise Of Options And Sale Of Securities By Directors Of
Rainbow Chicken Limited And Directors Of Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
In compliance with the JSE Limited Listings Requirements, and as a consequence
of the offer by Remgro Limited to minority shareholders of Rainbow and the
subsequent alternative offer ("the Remgro offer"), the following transactions
made by directors of Rainbow are disclosed:
Director : M Dally
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 2 705 188
Option strike price : 2 473 188 options at R3.45
232 000 options at R6.65
Total value of transaction : R10 075 298.60
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 2 305 188
Selling price : R16.00 per share
Total value of transaction : R36 883 008.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : R H Field
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 277 445
Option strike price : 67 433 options at R3.55
16 102 options at R5.10
65 910 options at R5.30
128 000 options at R6.65
Total value of transaction : R1 522 030.35
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 228 411
Selling price : R16.00 per share
Total value of transaction : R3 654 576.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Group Secretary : S B Heath
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 106 588
Option strike price : 21 628 options at R3.55
20 960 options at R5.10
64 000 options at R6.65
Total value of transaction : R609 275.40
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 106 588
Selling price : R16.00 per share
Total value of transaction : R1 705 408.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
In compliance with the JSE Limited Listings Requirements, and as a consequence
of the Remgro offer, the following transactions made by directors of Rainbow
Farms (Pty) Ltd (a major subsidiary of Rainbow Chicken Ltd) are disclosed:
Director : C D Creed
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 61 196
Option strike price : 21 196 options at R5.10
40 000 options at R6.65
Total value of transaction : R374 099.60
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 61 196
Selling price : R16.00 per share
Total value of transaction : R979 136.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : M P W Rogowski
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 233 488
Option strike price : 112 170 options at R3.55
73 318 options at R5.10
48 000 options at R6.65
Total value of transaction : R1 091 325.30
Nature of transaction : Subsequent sale of securities
Class of securities : Ordinary shares
Number of securities : 233 488
Selling price : R16.00 per share
Total value of transaction : R3 735 808.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : P C Tozer
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 197 955
Option strike price : 46 542 options at R3.55
111 413 options at R5.10
40 000 options at R6.65
Total value of transaction : R999 430.40
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 197 955
Selling price : R16.00 per share
Total value of transaction : R3 167 280.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C E Vauqulin
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 130 567
Option strike price : 57 923 options at R3.55
40 644 options at R5.10
32 000 options at R6.65
Total value of transaction : R625 711.05
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 130 567
Selling price : R16.00 per share
Total value of transaction : R2 089 072.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
26 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/06/2007 14:50:19 Produced by the JSE SENS Department.

2007-05-23

Rainbow final results March 07


Chicken revenue was 13.0% higher than the previous year. Group revenue increased by 15.3% to R4.7 billion (R4.1 billion) benefiting from Epol and Vector's higher external volumes and higher feed selling prices due to the significantly increased maize prices. Headline EBITDA increased by 12.6% to R775.1 million (R688.1 million), reflecting the higher realisations and volumes as well as improved customer and product mix. Net finance income increased by R14.9 million due to the higher cash balances and the group reported an increased profit for the year to R474 million (R399 million). Headline earnings increased by 19.2% to R477.0 million (R400.3 million) Cash generated by operations increased by 20.8% to R821.5 million (R680.1 million) as a result of improved performance of the group and continued focus on working capital requirements.

Dividend
A dividend of 48cps was declared for the period.

Prospects
Consumer spending is expected to remain positive with demand for chicken specifically as an affordable protein source also expected to remain strong. Maize and soya prices are likely to remain at the current high levels and it is expected that feed input costs will be significantly higher than the 2007 financial year. Rainbow remains committed to upgrading its facilities within agriculture and feedmilling which will enable further supply chain efficiencies and additional chicken volume capacity. Investment will be made to meet growing demand but will be focused on key customers and sustainable product categories. The combination of the above events will translate into margin compression off the current higher levels meaning that earnings in the 2008 financial year is likely to be lower than 2007.

2007-05-11

Rainbow -- proposed scheme of arrangement


Shareholders are advised that in terms of an Order of Court dated 11 May 2007, the High Court of South Africa has granted leave to convene a scheme meeting, to be held at 10:00 on Tuesday 5 June 2007 at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal 3629.

The expected dates and times pertaining to the Scheme are set out below:
*Notice of scheme meeting and Order of Court convening the scheme meeting published in the South African press on Sunday 13 May / Monday 14 May 2007
*Last day to trade in Rainbow shares on the JSE in order to be recorded in the register to vote at the scheme meeting, by close of trade on the JSE on Friday 18 May 2007
*Record date for voting Friday 25 May 2007
*Last day to lodge forms of proxy for the scheme meeting (for use by certificated and own - name dematerialised shareholders) by 10:00 on Friday 1 June 2007
*Scheme meeting to be held at 10:00 on Tuesday 5 June 2007
*Results of the Scheme meeting announced on SENS on Tuesday 5 June 2007
*If the Scheme is sanctioned and implemented Order of Court sanctioning the Scheme registered by the Registrar of Companies Wednesday 13 June 2007
*Results of the application to Court and registration of the Order of Court announced on SENS on Thursday 14 June 2007
*Results of the application to Court and registration of the Order of Court published in the South African press on Friday 15 June 2007
*Last day to trade in Rainbow shares on the JSE to be recorded in the register on the record date of the Scheme on Friday 15 June 2007
*Suspension of the listing of Rainbow shares on the JSE at the commencement of trade on the JSE on Monday 18 June 2007
*Record date of the Scheme on which shareholders must be recorded in the register to receive the scheme consideration by close of business on Friday 22 June 2007
*Operative date of the Scheme from commencement of trade on the JSE on Monday 25 June 2007
*Consideration made available to scheme participants from Monday 25 June 2007
*Termination of the listing of Rainbow shares on the JSE at the commencement of trade on the JSE on Tuesday 26 June 2007
A circular, which has been approved by the SRP and the JSE, providing full information on the Scheme and incorporating a notice in respect of the scheme meeting and the alternative offer will be posted to Rainbow shareholders on 15 May 2007. Copies of the circular may be obtained during normal business hours from One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal, 3629.

2007-05-11

RBW - Rainbow - Notice of scheme meeting


RBW
RBW
RBW - Rainbow - Notice of scheme meeting
NOTICE OF SCHEME MEETING
IN THE HIGH COURT OF SOUTH AFRICA
(DURBAN AND COAST LOCAL DIVISION) Case number: 4837/2007
Before the Honourable Justice N Hurt
on Friday 11 May 2007
In the ex parte application of:
RAINBOW CHICKEN LIMITED Applicant
(Incorporated in the Republic of South Africa)
(Registration number 1966/004972/06)
Share code: RBW
ISIN: ZAE000019063
NOTICE IS HEREBY GIVEN that in terms of an Order of Court dated 11 May 2007, the
High Court of South Africa (Durban and Coast Local Division) has ordered, in
accordance with the provisions of section 311 of the Companies Act (Act 61 of
1973), as amended, ("Companies Act"), that a meeting ("scheme meeting") of the
members of the Applicant, other than Remgro Limited ("Remgro") and its
subsidiaries, registered as such at 17:00 on Friday 25 May 2007, be held at
10:00 on Tuesday 5 June 2007 under the chairpersonship of Mr Costas Carides or
failing him Mr Solomon Slom, or failing both of them, any other independent
person appointed by this Court, in the boardroom of the Applicant at One The
Boulevard, Westway Office Park, Westville, KwaZulu Natal 3629 (or any adjourned
date as determined by the chairperson) ("adjourned meeting") for the purposes of
considering and, if deemed fit, agreeing to, with or without modification, a
scheme of arrangement ("the scheme") proposed by Remgro between the Applicant
and its shareholders, other than Remgro and its subsidiaries ("the scheme
participants"), provided that the scheme meeting shall not be entitled to agree
to any modification of the scheme which has the effect of diminishing the rights
that are to accrue in terms thereof to scheme participants.
The implementation of the scheme is subject to the fulfilment of the conditions
precedent stated therein including, but not limited to, the sanction of the
above Honourable Court and a certified copy of the Order of the above Honourable
Court sanctioning the scheme being lodged with and registered by the Registrar
of Companies.
The basic characteristic of the scheme is that, upon implementation, Remgro will
become the owner, either directly or indirectly, of the entire issued share
capital of the Applicant. In terms of the scheme, scheme participants will
receive a cash consideration of R16.00 for every 1 (one) ordinary share in the
Applicant held by such scheme participant or a share consideration of
9 Remgro shares for every tranche of 100 Rainbow shares held or a combination of
the cash consideration and share consideration aforesaid.
Each scheme member who holds certificated ordinary shares in the Applicant
("certificated scheme member") or who holds dematerialised ordinary shares in
the Applicant through a Central Securities Depositary Participant ("CSDP") and
has "own-name" registration ("dematerialised own-name scheme member"), may
attend, speak and vote, or abstain from voting in person at the scheme meeting
or any adjourned meeting, or may appoint one or more proxies (who need not be
shareholders of the Applicant) to attend, speak and vote or abstain from voting
at the scheme meeting or any adjourned meeting in the place of such certificated
scheme member or dematerialised own-name scheme member. A form of proxy (pink)
for this purpose, for completion by certificated scheme members and
dematerialised own-name scheme members only, is included in the document which
has been posted to all holders of ordinary shares in the Applicant at their
addresses as recorded in the register of members of the Applicant at the close
of business on or about 5 (five) calendar days before the date of such posting.
If more than 1 (one) person is appointed on a single form or proxy (pink), then
only one of those proxies (in order of appointment) will be entitled to exercise
that proxy. In the case of joint certificated scheme members and joint
dematerialised own-name scheme members, the vote of the senior certificated
scheme member or senior dematerialised own-name scheme member (seniority will be
determined by the order in which the names of the joint certificated scheme
member or joint dematerialised own-name scheme members stand in the Applicant's
register of members) who tenders a vote (whether in person or by proxy) will be
accepted to the exclusion of the vote of the other joint certificated scheme
member(s) or joint dematerialised own-name scheme member(s).
Properly completed forms of proxy (pink) must be lodged with or posted to the
transfer secretaries of the Applicant, Computershare Investor Services 2004
(Proprietary) Limited, Ground Floor 70 Marshall Street, Johannesburg, 2001,
(P O Box 61763, Marshalltown, 2107) to be received by no later than 10:00 on
Friday 1 June 2007, or on the business day immediately preceding any adjourned
meeting, or handed to the chairperson of the scheme meeting not later than
10 (ten) minutes before the scheduled time for the commencement of the scheme
meeting or adjourned scheme meeting. Notwithstanding the aforegoing, the
chairperson of the scheme meeting may approve in the chairperson's discretion
the use of any other form of proxy.
Each scheme member who holds a beneficial interest in dematerialised ordinary
shares in the Applicant and who does not have own-name registration
("dematerialised scheme member") may attend, speak and vote, or abstain from
voting at the scheme meeting or any adjourned meeting only if such
dematerialised scheme member informs his/her CSDP or broker timeously of
his/her intention to attend and vote, or abstain from voting at the scheme
meeting or adjourned meeting or be represented by proxy thereat in order for
his/her CDSP or broker to issue him/her with the necessary authorisation in
writing to do so or such dematerialised scheme member provides his/her CSDP or
broker timeously with his/her voting instruction should such dematerialised
scheme member not wish to attend the scheme meeting or adjourned meeting in
person in order for his/her CSDP or broker to vote in accordance with his/her
instruction at the scheme meeting or adjourned meeting. The CSDP or broker will
then provide the transfer secretaries of the Applicant with forms of proxy in
terms of each individual dematerialised scheme member's instructions.
In terms of the aforementioned Order of Court the chairperson of the scheme
meeting or adjourned meeting must report the results thereof to the above
Honourable Court on Tuesday 12 June 2007 at 10:00 or so soon thereafter as
Counsel may be heard. A copy of the chairperson's report to the Court will be
made available on request to any scheme member, free of charge, at the
registered office of the Applicant during normal business hours at least
6 (six) calendar days prior to the date fixed by the Court for the chairperson
to report back to it.
Copies of this notice, the form of proxy (pink) to be used at the scheme meeting
or any adjourned meeting, the scheme, the explanatory statement in terms of
section 312(1)(a) of the Companies Act, explaining they scheme and the Order of
Court summonsing the scheme meeting, are included in the document which will be
sent to the holders of ordinary shares in the Applicant and of which this notice
forms part. Such documents may be inspected and copies thereof obtained on
request, free of charge, during normal business hours, at any time prior to the
meeting, at the registered office of the Applicant, being One The Boulevard,
Westway Office Park, Westville, KwaZulu Natal, 3629.
Chairperson of the scheme meeting
Attorneys for the Applicant
Routledge Modise
c/o Knight Turner
3B The Ridge, 8 Torsvale Crescent
La Lucia
PO Box 5064
Torsvale, 4019
Docex 38, Durban
Ref: A Turner
Date: 11/05/2007 17:09:02 Produced by the JSE SENS Department.

2007-03-22

Rainbow -- Remgro' s firm intention to offer


Remgro makes a firm offer to buy out 38% minority shareholding in Rainbow
* Offer is for R16.00 cash for each Rainbow share or 9 Remgro shares for every 100 shares in Rainbow
* Offer values Rainbow at R4.5 billion
* Offer is at 36% premium to closing share price of Rainbow on 20 March 2007 and 38% premium to the 10-day volume weighted average share price
* Rainbow shareholders also to receive the final dividend for the year ended 31 March 2007
* Independent expert to be appointed by Rainbow for an opinion on the offer and circular to shareholders to be issued in due course
* Rainbow to be delisted in due course

A circular containing full details of the offer will be posted to Rainbow shareholders in due course.

2007-03-16

Rainbow -- change to the board


Mr Noel Phillips has resigned as non-executive director from the board of Rainbow with effect from 16 March 2007.

2007-03-05

RBW - Rainbow Chicken Limited - Exercise of option


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of options by Directors
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors are disclosed:
Director : R H Field
Company : Rainbow Chicken Limited
Date of transaction : 5 March 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 83 534
Option strike price : 67 432 options at R3.55
16 102 options at R5.10
Total value of transaction : R321 503.80
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C D Creed
Company : Rainbow Farms (Pty) Limited (major subsidiary
of Rainbow Chicken Limited)
Date of transaction : 5 March 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 21 196
Option strike price : R5.10
Total value of transaction : R108 099.60
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
5 March 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/03/2007 14:26:58 Produced by the JSE SENS Department.

2007-02-22

RBW - Rainbow - Exercise Of Options By Director Of


RBW
RBW
RBW - Rainbow - Exercise Of Options By Director Of Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
Director : M P W Rogowski
Date of transaction : 22 February 2007
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised : 67 347
Option strike price : R3.45
Total value of transaction : R232 347.15
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
22 February 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 22/02/2007 14:54:32 Produced by the JSE SENS Department.

2007-02-14

RBW - Rainbow Chicken Limited - Sale of securities


RBW
RBW
RBW - Rainbow Chicken Limited - Sale of securities by director of Rainbow
Chicken Limited

RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Chicken Limited are disclosed:
Director : M Dally
Date of transaction : 12 February 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 7 075
Selling price : R14.30 per share
Total value of transaction : R101 172.50
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : M Dally
Date of transaction : 13 February 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 102 203
Selling price : R14.00 per share
Total value of transaction : R1 430 842.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
14 February 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/02/2007 16:24:23 Produced by the JSE SENS Department.

2007-02-12

RBW - Rainbow Chicken Limited - Sale of securities


RBW
RBW
RBW - Rainbow Chicken Limited - Sale of securities by Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Chicken Limited is disclosed:
Director : M Dally
Date of transaction : 8 February 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 100 000
Selling price : R14.0040 per share
Total value of transaction : R1,400,402.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
12 February 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/02/2007 16:06:04 Produced by the JSE SENS Department.

2007-02-06

RBW - Rainbow Chicken Limited - Sale Of Securities


RBW
RBW
RBW - Rainbow Chicken Limited - Sale Of Securities By Director Of Rainbow
Chicken Limited
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Chicken Limited are disclosed:
Director : M Dally
Date of transaction : 02 February 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 150 000
Selling price : R14.6006 per share
Total value of transaction : R2,190,084.40
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : M Dally
Date of transaction : 05 February 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 40 722
Selling price : R14.6286 per share
Total value of transaction : R595,706.85
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
06 February 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/02/2007 16:19:56 Produced by the JSE SENS Department.

2007-02-02

RBW - Rainbow Chicken Limited - Exercise of option


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of options

Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Chicken Limited on 2 February
2007, is disclosed:
Director : M Dally
Date of transaction : 2 February 2007
Nature of transaction : Exercise of options in terms of the
Rainbow Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 100 000 at R3.45
Total value of transaction : R345 000.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes

Durban
2 February 2007

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/02/2007 15:37:01 Produced by the JSE SENS Department.

2007-01-10

RBW - Rainbow Chicken Limited - Sale of securities


RBW
RBW
RBW - Rainbow Chicken Limited - Sale of securities by director of major
subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
Director : M P W Rogowski
Date of transaction : 08 January 2007
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 107140
Selling price : R13.89 per share
Total value of transaction : R1,488,569.74
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
10 January 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/01/2007 09:46:01 Produced by the JSE SENS Department.

2006-12-21

RBW - Rainbow Chicken Limited - Exercise of Option


RBW
RBW
RBW - Rainbow Chicken Limited - Exercise of Options
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) on 21 December 2006, is disclosed:
Director : M P W Rogowski
Date of transaction : 21 December 2006
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 107 140 at R2.85
Total value of transaction : R305 349.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
21 December 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/12/2006 13:30:01 Produced by the JSE SENS Department.

2006-12-20

RBW - Rainbow Chicken Limited - Sale of securities


RBW
RBW
RBW - Rainbow Chicken Limited - Sale of securities by director
Rainbow Chicken Limited - Sale of securities by director (Incorporated in
the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Chicken Limited, is disclosed:
Director : M Dally
Date of transaction : 20 December 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 100 000
Selling price : R14.00 per share
Total value of transaction : R1 400 000
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes

Durban
20 December 2006

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/12/2006 13:36:01 Produced by the JSE SENS Department.

2006-12-19

RBW - Rainbow- Exercise of options and subsequent


RBW
RBW
RBW - Rainbow- Exercise of options and subsequent sale of securities
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) on 8 December 2006, is disclosed:
Director : P C September
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 5,218 at R2.85
62,577 at R3.55
40,997 at R5.10
Total value of transaction : R446,104.35
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 108,792
Selling price : R12,5389 per share
Total value of transaction : R1,364,126.85
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
19 December 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/12/2006 15:06:01 Produced by the JSE SENS Department.

2006-11-15

Rainbow interim results September 2006


Group revenue increased by 13.7% to R2.2 billion (R1.9 billion) benefiting from Epol and Vector"s higher external volumes. Headline EBITDA increased by 18.4% to R314.3 million (R265.5 million), reflecting the higher realisations and volumes as well as improved customer and product mix. The headline EBITDA margin increased to 14.4% (13.9%). As previously noted, reporting the financial effects of certain financial instruments used in the feed raw material procurement strategy in accordance with IAS39, introduces volatility to the group"s financial results. The pre- taxation impact of applying IAS39 on the group"s results for the six month period is a negative R34.1 million (R25.8 million positive). The underlying pre-IAS39 performance and margin continues to reflect an improving trend. Taxation increased due to the higher operating profit and secondary tax on companies paid on the significantly increased final dividend. As such the effective taxation rate increased to 36.1% (30.3%). The 2005 effective taxation rate was impacted by the deferred taxation release of R6.0m (2.8% rate impact) due to the 1% taxation rate adjustment. Net finance income increased by R11.3m due to the higher cash balances. Headline earnings increased by 13.7% to R172.4 million (R151.6 million) with diluted headline earnings per share improving by 12.1% to 60.2cps (53.7cps). Cash generated by operations decreased by 16.5% to R210.7 million (R252.2 million) as a result of working capital requirements increasing by R94.3m. Trade receivables are higher in line with increased trading and the valuation of inventories is impacted by the higher feed costs.

Capital expenditure was R99.3 million (R141.1 million - including R64.7m in respect of the Further Processing Plant). A further amount of R151.3 million (2005: R69.7 million) has been contracted and committed, but not spent, whilst a further R5.6 million (2005: R31.4 million) has been approved, but not contracted. The group continues to follow a policy of upgrading its facilities and funding normal levels of replacement capital expenditure from its own resources. Return on equity on a 12-month rolling basis increased to 27.6% (22.7%).

Prospects
Consumer spending is expected to remain positive over the next six months with demand for chicken specifically as an affordable protein source also expected to remain strong. Maize prices are likely to remain at the current higher levels and together with the weakened Rand, it is expected that feed input costs will continue to increase through to year end. Earnings growth for the full year on both a pre- and post-IAS39 basis is likely to be lower than the first six months.

Dividend
On 15 November 2006 the board declared an interim dividend of 20c per ordinary share in respect of the six months ended 30 September 2006 (17c).

2006-09-21

Rainbow Chicken Limited - Sale of securities by a


RBW
RBW
Rainbow Chicken Limited - Sale of securities by a director of a major
subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major
subsidiary of Rainbow Chicken Limited) is disclosed:
Director : C E Vauqulin
Date of transaction : 15 September 2006
Nature of transaction : Sale of Securities
Class of securities : Ordinary shares
Number of securities : 30 000
Selling price : R10.40 per share
Total value of transaction : R312 000.00
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
21 September 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/09/2006 03:32:06 PM Produced by the JSE SENS Department



2006-09-04

Rainbow - Sale of securities by a director of a ma


RBW
RBW
Rainbow - Sale of securities by a director of a major subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
Sale of securities by a director of a major subsidiary
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major
subsidiary of Rainbow Chicken Limited) is disclosed:
Director : M P W Rogowski
Date of transaction : 31 August 2006
Nature of transaction : Sale of Securities
Class of securities : Ordinary shares
Number of securities : 58 824
Selling price : R10.1238 per share
Total value of transaction : R595 520.04
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
04 September 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04/09/2006 10:04:03 AM Produced by the JSE SENS Department


2006-08-29

Rainbow Chicken Limited - Sale of securities by di


RBW
RBW
Rainbow Chicken Limited - Sale of securities by director
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a Director of Rainbow Chicken Limited, is disclosed:
Director : M Dally
Date of transaction : 28 August 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 80 000
Selling price : R10.1238 per share
Total value of transaction : R809 900.78
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
29 August 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/08/2006 10:11:14 AM Produced by the JSE SENS Department


2006-08-25

Rainbow- Exercise of options and subsequent sale o


RBW
RBW
Rainbow- Exercise of options and subsequent sale of securities by Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a Director of Rainbow Chicken Limited, is disclosed:
Director : M Dally
Date of transaction : 23 August 2006
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 200 000 at R3.45
Total value of transaction : R690 000.00
Date of transaction : 23 August 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 120 000
Selling price : R10.1238 per share
Total value of transaction : R1 214 851.18
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
25 August 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/08/2006 01:27:02 PM Produced by the JSE SENS Department


2006-08-23

Rainbow Chicken Limited - Dealing in securities


RBW
RBW
Rainbow Chicken Limited - Dealing in securities
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major
subsidiary of Rainbow Chicken Limited) are disclosed:
Director : M P W Rogowski
Date of transaction : 23 August 2006
Nature of transaction : Exercise of options in terms of the
Rainbow Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 58 824 at R2.38
Total value of transaction : R140 001.12
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
23 August 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/08/2006 03:44:12 PM Produced by the JSE SENS Department


2006-08-23

Rainbow - Exercise of options and subsequent sale


RBW
RBW
Rainbow - Exercise of options and subsequent sale of securities
RAINBOW CHICKEN LIMITED -
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SECURITIES BY COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by the Company Secretary of Rainbow Chicken Limited, is
disclosed:
Company Secretary : Mr S B Heath
Date of transaction : 14 August 2006
Nature of transaction : Exercise of options in terms of the
Rainbow Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 21 627 at R3.55
Total value of transaction : R76 775.85
Number of options exercised
and option strike price : 20 959 at R5.10
Total value of transaction : R106 890.90
Date of transaction : 21 August 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 42 586
Selling price : R9.8045 per share
Total value of transaction : R417 534.44
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
23 August 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/08/2006 03:45:02 PM Produced by the JSE SENS Department


2006-07-26

Rainbow -- results of annual general meeting


At Rainbow"s annual general meeting of the shareholders held on 25th July 2006, all the resolutions were passed without amendment other than Item 3 regarding the control of the authorised but unissued shares in the capital of the company remaining under the control of the directors. This resolution was passed in an amended form which limits the percentage of shares which remain under the control of the directors to 10% of the authorised but unissued shares in the capital of the company.

2006-06-30

Rainbow -- AGM notice


With regard to the abridged audited group results for the year ended 31 March 2006, shareholders are advised that the annual financial statements have been distributed to shareholders today, 30 June 2006 and contain no modifications to the abridged audited group results which were published on SENS on 24 May 2006. The 40th annual general meeting of shareholders will be held at Rainbow Regional Office, P2, Hammarsdale on 25 July 2006

2006-06-30

Rainbow Chicken Limited - Correction: No Change St


RBW
RBW
Rainbow Chicken Limited - Correction: No Change Statement And Notice Of Annual
General Meeting
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow" or "the Company")
CORRECTION: NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Further to the announcement released on SENS on 30 June 2006, shareholders are
advised that the "No change statement" related to the abridged audited group
results for the year ended 31 March 2006 and not the abridged audited group
results for the year ended 31 March 2005, as erroneously stated in the
announcement.
30 June 2006
Durban
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/06/2006 04:55:36 PM Produced by the JSE SENS Department


2006-06-27

Rainbow- Dealing in securities by a director of a


RBW
RBW
Rainbow- Dealing in securities by a director of a major subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
('Rainbow")
In compliance with the JSE Limited Listings Requirements, the following
transactions made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary
of Rainbow Chicken Limited) are disclosed:
Director: Mrs DL Nortje
Date of transaction: 26 June 2006
Nature of transaction: Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities Options in respect of ordinary shares
Number of options exercised
and option strike price 69 400 @ R5.10
Total value of transaction: R353 940.00
Nature and extent of
director"s interest Direct beneficial
Clearance obtained Yes
Director: Mrs DL Nortje
Date of transaction 27 June 2006
Nature of transaction: Sale of securities
Class of securities: Ordinary shares
Number of securities: 64 900
Selling price: R9.5333 per share
Total value of transaction: R618 711.17
Nature and extent of
director"s interest: Direct beneficial
Clearance obtained: Yes
Durban
27 June 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/06/2006 02:54:10 PM Produced by the JSE SENS Department


2006-06-08

Rainbow Chicken Limited - Exercise Of Options By D


RBW
RBW
Rainbow Chicken Limited - Exercise Of Options By Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with rule 3.63 to 3.74 of JSE Limited Listings Requirements, the
following transaction made by a director of Rainbow Chicken Limited, is
disclosed:
Director : M Dally
Date of transaction : 8 June 2006
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 300 000 at R3.45
Total value of transaction : R1 035 000.00
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
8 June 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/06/2006 05:10:07 PM Produced by the JSE SENS Department


2006-06-07

Rainbow Chicken Limited - Dealing In Securities By


RBW
RBW
Rainbow Chicken Limited - Dealing In Securities By Directors Of Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) is disclosed:
Director : Mr CE Vauqulin
Date of transaction : 6 June 2006
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 57 923 at R3.55
: 40 644 at R5.10
Total value of transaction : R412 911.05
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Director : C J Van Niekerk
Date of transaction : 5 June 2006
Nature of transaction : Exercise of options in terms of the Rainbow
share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options exercised
and option strike price : 166 128 at R3.55
Total value of transaction : R589 754.40
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Director : C J Van Niekerk
Date of transaction : 6 June 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 166 128
Selling price : R10.50 per share
Total value of transaction : R1 744 344.00
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
7 June 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/06/2006 01:43:53 PM Produced by the JSE SENS Department


2006-05-24

Rainbow final results March 06


A number of strategic initiatives have enabled the group to achieve a 14.0% increase in chicken volumes in targeted customers and branded products, with reduced volumes to non-strategic, unprofitable 3rd parties like reprocessors resulting in improved customer and product mix. In addition, supply chain efficiencies were improved further, Vector made a full year contribution and the feed raw material strategy delivered lower feed input costs. Chicken revenue for the year was 5.1% higher than the previous year (5.5%). Food inflation remains low with Rainbow"s average price realisation growth of 2.0% resulting from improved product mix offset by lower contractual foodservice pricing. Overall chicken volumes increased by 3.1%, with the growth in sales to targeted customers and brands largely offset by the reduction of supply to reprocessors. Group revenue increased by 1.8% to R4.1 billion (R4.0 billion). This lower rate of increase is a function of Epol"s revenue to external customers being impacted by the lower maize cost as well as lower but recovering volumes as a consequence of the feed contamination issue. Headline earnings per share increased by 87.18% to 144.5c (77.2c) while cash generated by operations improved by 69.1% to R680.1 million (R402.2 million) as a result of the overall improved performance of the group and the continued focus on managing working capital. Capital expenditure was R234.4 million (R200.0 million), which included R64.7 million in respect of the Further Processing Plant. A further amount of R102.6 million (R134.1 million) has been contracted and committed, but not spent, whilst a further R49.0 million (R32.3 million) has been approved, but not contracted. The group continues to follow a policy of upgrading its facilities and funding normal levels of replacement capital expenditure from its own resources. Return on equity increased to 27.7% (18.7%).

Dividend
The board declared a final dividend of 40.0cps in respect of the twelve months ended 31 March 2006.

Prospects
Consumer spending is expected to remain positive. Demand for chicken specifically as an affordable protein source is also expected to remain strong. Maize prices are likely to remain at the current higher levels with the impact on feed input costs only partly offset by the lower soya price. Results for the period ahead will continue to be negatively impacted by the investment cost associated with the Further Processing Plant while initial capacity utilisation is relatively low. Returns will however be in line with original expectation. Capital expenditure in agriculture and feedmilling over the next few years is expected to be higher than normal. This will enable further supply chain efficiencies and additional chicken volume capacity. Excluding any potential impact of IAS 39 (the required year end adjustment of financial instruments used strategically in the forward procurement of feed), the group expects to report real earnings growth for the next financial year.

2006-04-03

Rainbow Chicken Limited - Exercise Of Options And


RBW
RBW
Rainbow Chicken Limited - Exercise Of Options And Subsequent Sale Of Securities
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by the Company Secretary of Rainbow Chicken Limited, is
disclosed:
Company Secretary : Mr S B HEATH
Date of transaction : 30 March 2006
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 11 148 at R2.85
Total value of transaction : R31 771.80
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Mr S B HEATH
Date of transaction : 31 March 2006
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 11 148
Selling price : R9.4903 per share
Total value of transaction : R105 797.86
Nature and extent of
interest : Direct beneficial
Clearance obtained : Yes
Durban
3 April 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/04/2006 10:14:14 AM Produced by the JSE SENS Department


2006-03-10

Rainbow Chicken Limited - Sale Of Securities By A


RBW
RBW
Rainbow Chicken Limited - Sale Of Securities By A Director Of A Major Subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) on 10th March 2006, is disclosed:
Director : Mr PC Tozer
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 226 633
Selling price : R9.1107 per share
Total value of transaction : R2 064 795.25
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
10 March 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/03/2006 03:20:06 PM Produced by the JSE SENS Department


2006-03-06

Rainbow Chicken Limited - Sale of securities by a


RBW
RBW
Rainbow Chicken Limited - Sale of securities by a director of a major subsidiary
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transaction made by a director of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) on 2 March 2006, is disclosed:
Director : Mr D Hood
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 50 000
Selling price : R9.60 per share
Total value of transaction : R480 000.00
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
6 March 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/03/2006 11:10:10 AM Produced by the JSE SENS Department


2006-03-03

Rainbow Chicken Limited - Exercise Of Options By D


RBW
RBW
Rainbow Chicken Limited - Exercise Of Options By Directors Of A Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) on 3rd March 2006, is disclosed:
Director : Mr PC Tozer
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 132,134 at R0.94
71,228 at R2.85
23,271 at R3.55
Total value of transaction : R409,817.81
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Director : Mr CE Vauqulin
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 20,404 at R2.85
Total value of transaction : R58,151.40
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
3 March 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/03/2006 12:00:44 PM Produced by the JSE SENS Department


2006-02-22

Rainbow -- trading statement


Rainbow"s results for the year ending 31 March 2006 will be released on Wednesday, 24 May 2006. Rainbow"s good trading performance for the interim period to September 2005 has continued into the second six months. As such shareholders are advised that headline earnings and headline earnings per share for the year are likely to be 80% - 100% higher than the previous year. Earnings and earnings per share are likely to be 65% - 85% higher than the previous year.

2006-01-31

Rainbow Chicken Limited - Exercise Of Options And


RBW
RBW
Rainbow Chicken Limited - Exercise Of Options And Subsequent Sale Of Securities
By Directors Of Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
transactions made by directors of Rainbow Farms (Pty) Ltd (a major subsidiary of
Rainbow Chicken Limited) on 27 January 2006, is disclosed:
Director : Mr MP Stander
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 83 816 at R1.50
15 152 at R2.85
61 660 at R3.45
30 869 at R3.55
Total value of transaction : R491 219.15
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 191 497
Selling price : R9.45984
Total value of transaction : R1 811 530.98
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Director : Mr CJ van Niekerk
Nature of transaction : Exercise of options in terms of
the Rainbow Share Incentive
Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised
and option strike price : 25 467 at R2.10
55 027 at R2.85
27 503 at R3.45
50 473 at R3.55
Total value of transaction : R484 372.15
Nature of transaction : Sale of securities
Class of securities : Ordinary shares
Number of securities : 158 470
Selling price : R9.45984
Total value of transaction : R1 499 100.85
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
31 January 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 31/01/2006 04:27:23 PM Produced by the JSE SENS Department


2005-12-29

Rainbow Chicken Limited - Exercise Of Options By A


RBW
RBW
Rainbow Chicken Limited - Exercise Of Options By A Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Mr Robert Field
Company : Rainbow Chicken Limited
Date of transaction : 29 December 2005
Nature of transaction : Exercise of options
Class of securities : Ordinary shares
Number of options exercised : 67,432
Option strike price : R3.55
Total value of transaction : R239,383.60
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
29 December 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/12/2005 11:22:48 AM Produced by the JSE SENS Department


2005-11-17

Rainbow -- changes to the board of directors


Mr Wilhelm Emil Buhrmann has resigned as a non-executive director from the board of Rainbow, with effect from 17 November 2005. Mr Dawid Gideon Zwiegelaar has been appointed as a non-executive director to the board of Rainbow, with effect from 17 November 2005.

2005-11-16

Rainbow interim results September 05


The macro economic environment remained positive during the period under review with further tax relief afforded by the fiscus, low inflation and stable interest rates all contributing to increased consumer spending. Rainbow"s performance was principally achieved through sustained chicken price realisations, improved supply chain efficiencies, Vector"s contribution and the feed raw material procurement strategy delivering lower feed input costs. Turnover decreased by 3.2% to R1 915.2 million (R1 978.2 million) while headline earnings increased by 83.9% to 55.1cps (30.0cps). The board declared an interim dividend of 17.0 cps (9.5cps) in respect of the six months ended 30 September 2005.

Prospects
Consumer spending is expected to remain positive over the next six months. Despite the negative impact of the feed contamination issue suffered during the second half of last year, earnings growth for the full year is likely to be lower than the first six months growth. A negative earnings contribution of approximately R30 million is expected from the new Further Processing Plant due to it only being commissioned midway through the 2006 financial year. The investment and operational cost structure will exceed the product contributions during the phased launch period. Further to this, as mentioned in the recent trading statement, Vector"s contribution will be lower in the second six months without the YUM! (KFC) volumes.

2005-11-01

Rainbow - Transition to International Financial Re


Rainbow - Transition to International Financial Reporting Standards
RAINBOW CHICKEN LIMITED
(Registration number 1966/004972/06)
JSE Share code: RBW & * ISIN code: ZAE000019063
Transition to International Financial Reporting Standards
CONSOLIDATED BALANCE SHEET
IFRS IFRS IFRS
Audited Unaudited Audited
31 March 30 September 1 April
2005 2004 2004
R"000 R"000 R"000
ASSETS
Non-current assets
Property, plant and equipment 850,318 543,462 513,073
Trademarks 1,205 1,605 2,005
Goodwill 287,444 - -
Deferred taxation 16,023 - -
Long-term receivables 441 - -
Total non-current assets 1,155,431 545,067 515,078
Current assets
Inventories 260,493 232,098 244,823
Biological assets 238,656 256,400 216,672
Trade and other receivables 425,442 330,193 296,077
Derivative assets 178 - -
Taxation receivable 15,799 5,503 -
Cash 106,007 421,407 482,286
Total current assets 1,046,575 1,245,601 1,239,858
Total assets 2,202,006 1,790,668 1,754,936
EQUITY AND LIABILITIES
Capital and reserves 1,286,706 1,166,875 1,127,809
Non-current liabilities
Preference share capital - 500 500
Interest bearing debt - long-term 651 1,183 1,694
Post retirement medical obligation 63,677 35,578 33,596
Deferred taxation 180,081 138,999 142,137
Total non-current liabilities 244,409 176,260 177,927
Current liabilities
Trade and other payables 626,654 400,331 369,353
Provisions 15,585 42,412 30,000
Derivative liabilities 15,980 3,660 3,970
Taxation payable 11,408 - 44,381
Interest bearing debt - short-term 1,264 1,130 1,496
Total current liabilities 670,891 447,533 449,200
Total equity and liabilities 2,202,006 1,790,668 1,754,936
CONSOLIDATED INCOME STATEMENT
IFRS IFRS
Audited Unaudited
Year ended Six months to
31 March 30 September
2005 2004
R"000 R"000
Revenue 4,026,998 1,978,257
Operating profit before depreciation and
amortisation 393,298 151,727
Depreciation and amortisation (78,036) (32,960)
Operating profit before interest and taxation 315,262 118,767
Finance income 28,146 20,729
Finance costs (1,126) (111)
Profit before taxation 342,282 139,385
Taxation (111,959) (49,699)
Attributable profit 230,323 89,686
Headline Earnings
Attributable profit 230,323 89,686
Profit on disposal of property, plant &
equipment (8,110) (8,709)
Asset impairment provision release (11,224) -
Headline earnings 210,989 80,977
RECONCILIATION OF INCOME STATEMENT
Audited Unaudited
Year ended Six months to
31 March 30 September
2005 2004
R"000 R"000
As previously reported 232,376 90,434
Share-based payments (4,764) (2,325)
Property, plant and equipment 3,538 1,770
Post-retirement medical obligation (827) (193)
As reported under IFRS 230,323 89,686
RECONCILIATION OF ASSETS, LIABILITIES AND EQUITY
Audited Unaudited Audited
31 March 30 September 1 April
2005 2004 2004
R"000 R"000 R"000
Assets
As previously reported 2,273,832 1,865,020 1,831,816
IFRS adjustments:
Property, plant and equipment (71,826) (74,352) (76,880)
As reported under IFRS 2,202,006 1,790,668 1,754,936
Liabilities
As previously reported 936,021 645,406 649,691
IFRS adjustments:
Preference shares reclassified - 500 500
Property, plant and equipment (21,548) (22,306) (23,064)
Post-retirement medical obligation 827 193 -
As reported under IFRS 915,300 623,793 627,127
Equity
As previously reported 1,337,811 1,219,614 1,182,125
IFRS adjustments:
Preference shares reclassified - (500) (500)
Property, plant and equipment (50,278) (52,046) (53,816)
Post-retirement medical obligation (827) (193) -
As reported under IFRS 1,286,706 1,166,875 1,127,809
CONSOLIDATED CASH FLOW STATEMENT (unchanged from SA GAAP to IFRS)
Audited Unaudited
Year ended Six months to
31 March 30 September
2005 2004
R"000 R"000
Operating profit before working capital
requirements 374,109 144,989
Working capital requirements 28,136 (16,333)
Cash generated by operations 402,245 128,656
Net finance income 27,020 20,618
Taxation paid (146,009) (102,721)
Dividends paid (83,435) (57,386)
Net cash flows from operating activities 199,821 (10,833)
Net cash flows from investing activities (581,570) (53,610)
Net cash flows from financing activities 5,470 3,564
Net decrease in cash (376,279) (60,879)
Cash at the beginning of the year 482,286 482,286
Cash at the end of the year 106,007 421,407
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - for period ended
30 September 2004
Stated Share-based Preference Retained
capital payments share capital income Total
Unaudited R"000 R"000 R"000 R"000 R"000
Balance at
1 April 2004
as previously
reported 1,098,714 - 500 82,911 1,182,125
Opening IFRS
adjustments:
Share-based
payments 3,627 (3,627) -
Preference
shares
reclassified (500) (500)
Property,
plant and
equipment (53,816) (53,816)
Balance at
1 April 2004
under IFRS 1,098,714 3,627 - 25,468 1,127,809
Issue of shares 4,441 4,441
Attributable
profit as
previously
reported 90,434 90,434
IFRS adjustments:
Share-based
payments 2,325 (2,325) -
Property,
plant and
equipment 1,770 1,770
Post-retirement
medical obligation (193) (193)
Ordinary
dividend
paid (57,386) (57,386)
Balance at
30 September 2004
under IFRS 1,103,155 5,952 - 57,768 1,166,875
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - for year ended 31 March 2005
Stated Share-based Preference Retained
capital payments share capital income Total
Audited R"000 R"000 R"000 R"000 R"000
Balance at
1 April 2004
as previously
reported 1,098,714 - 500 82,911 1,182,125
Opening IFRS
adjustments:
Share-based
payments 3,627 (3,627) -
Preference
shares
reclassified (500) (500)
Property,
plant and
equipment (53,816) (53,816)
Balance at
1 April 2004
under IFRS 1,098,714 3,627 - 25,468 1,127,809
Issue of
shares 7,245 7,245
Attributable
profit as
previously
reported 232,376 232,376
IFRS adjustments:
Share-based
payments 4,764 (4,764) -
Property,
plant and
equipment 3,538 3,538
Post-retirement
medical obligation (827) (827)
Ordinary
dividend paid (83,435) (83,435)
As reported
under IFRS 1,105,959 8,391 - 172,356 1,286,706
Statistics
As reported under IFRS As previously reported
Audited Unaudited Audited Unaudited
31 March 30 September 31 March 30 September
2005 2004 2005 2004
Number of ordinary shares in
issue 275,449 273,665 275,449 273,665
Weighted average number of
ordinary shares in issue 273,387 270,291 273,387 270,291
Fully diluted weighted average
ordinary shares in issue 281,275 277,757 281,587 277,802
Basic earnings per share 84.2 33.2 85.0 33.5
Basic earnings per share -
diluted 81.9 32.3 82.5 32.6
Headline earnings per share 77.2 30.0 77.9 30.2
Headline earnings per share -
diluted 75.0 29.2 75.7 29.4
Net asset value per share 467.1 426.5 485.7 431.8
Ordinary dividends:
Interim dividend paid 9.5 9.5 9.5 9.5
Final dividend declared 21.0 - 21.0 -
FINANCIAL INFORMATION FOR THE YEAR ENDED 31 MARCH 2005 AND SIX MONTHS ENDED 30
SEPTEMBER 2004 UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS ("IFRS")
INTRODUCTION
For the year ended 31 March 2005 Rainbow prepared its financial statements under
South African Statements of Generally Accepted Accounting Practice ("SA GAAP")
as effective at that date. In accordance with the JSE Limited Listings
Requirements the Group will be required to prepare its consolidated financial
statements in accordance with International Financial Reporting Standards
("IFRS") for the year ending 31 March 2006.
This requirement applies to financial reporting for all listed companies for
financial reporting periods beginning on or after 1 January 2005 and,
consequently, Rainbow"s first published IFRS results will be its interim results
for the six months ended 30 September 2005. As the Group publishes comparative
information for one year in its financial statements, the date for transition to
IFRS is 1 April 2004, which represents the start of the earliest period of
comparative information presented.
In order to explain how Rainbow"s reported performance and financial position
are impacted by IFRS, the Group has restated information previously published
under SA GAAP to the equivalent basis under IFRS. This restatement follows the
guidelines set out in IFRS 1 (First-time Adoption of International Financial
Reporting Standards).
It is important to note that this financial information has been prepared in
accordance with IFRS statements that are expected to be effective at 31 March
2006. These are subject to ongoing review and possible amendment by interpretive
guidance from the International Accounting Standards Board ("IASB") and may
therefore be subject to change.
BASIS OF PREPARATION
The Group has prepared a consolidated preliminary balance sheet, income
statement, cash flow statement and statement of changes in equity ("financial
information") for the year ended 31 March 2005 to establish the financial
position and results of operations of the Group necessary to provide comparative
information expected to be included in the Group"s first set of IFRS financial
statements for the year ending 31 March 2006.
The Board acknowledges its responsibility for the preparation of the preliminary
financial information which has been prepared in accordance with IFRS and
policies expected to be adopted when the Board prepares the Group"s first set of
IFRS financial statements for the year ending 31 March 2006. The Board has
approved the preliminary financial information.
APPLICATION OF IFRS 1
The date of transition to IFRS for the Group is 1 April 2004 and therefore as
required by IFRS 1, the Group"s opening balance sheet at 1 April 2004 has been
restated to reflect retrospectively all existing IFRS standards and IFRIC
interpretations expected to be applicable at 31 March 2006, other than where
certain available exemptions and exceptions to this retrospective application
principle has been utilised. The Group is not expecting to early adopt any IFRS
standards or IFRIC interpretations issued but not yet effective as at 31 March
2006.
Management has considered all exceptions and exemptions allowed in IFRS 1 and
have, consistent with Remgro Limited, applied the following:
* Business combinations: the Group has elected not to apply IFRS 3 (Business
Combinations) for business combinations that occurred prior to 1 April 2004.
Subsequent acquisitions have been accounted for in terms of IFRS 3.
* Share-based payments: the Group has elected not to apply the provisions of
IFRS 2 (Share-based payments) to equity instruments granted on or before 7
November 2002, or to equity instruments granted after 7 November 2002 but which
had vested prior to 1 January 2005.
* Property, plant and equipment: A first time adopter may elect to use the fair
value of individual property, plant and equipment at transition date as deemed
cost. The Group has elected not to make use of this optional exemption and has
applied IAS 16 (Property, plant and equipment) retrospectively.
* Employee benefits: The Group has elected to apply the exemption to account for
all cumulative actuarial gains and losses at the date of transition.
* Financial instruments: The Group has elected not to restate its comparatives
for IAS 32 (Financial Instruments - Disclosure and Presentation) and IAS 39
(Financial instruments - Recognition and Measurement). The Group has applied
existing GAAP applicable as at 31 March 2005 to financial instruments in its
2005 figures that will be disclosed as comparatives for the 2006 IFRS results.
ADJUSTMENTS
The basis of the adjustments, net of the taxation impact, as shown in the
reconciliation of assets, liabilities and equity, reconciliation of income
statement and reconciliation of statements of changes in equity are noted below:
Share-based payments
The Group grants share options to employees under the Rainbow Share Incentive
Scheme. Under SA GAAP, other than costs incurred in administering the scheme,
which were expensed as incurred, the scheme did not result in any adjustment,
besides a dilution in earnings per share when the shares were issued.
In accordance with the requirements of IFRS 2, the Group has recognised an
expense in the income statement, with a corresponding credit to equity,
representing the fair value of outstanding employee share options. The fair
value at the date of granting the options is charged to income over the relevant
option vesting periods, adjusted to reflect actual and expected levels of
vesting.
Property, plant and equipment
Past interpretation and practice, generally accepted in South Africa, did not
take into account separate depreciation of significant components of property,
plant and equipment, or the re-assessment of an asset"s useful life on a regular
basis.
The revised version of IAS 16 requires significant components of an asset, with
useful lives that differ significantly from the asset as a whole, to be
depreciated separately over their useful lives and also requires the useful life
and residual value of an asset to be reviewed at least at each financial year-
end.
Post-retirement medical benefits
Previously the Group elected to recognise, in full, actuarial gains and losses
in the year in which they arose. From 1 April 2004, actuarial gains and losses
will be recognised using the corridor method - actuarial gains and losses in
excess of 10% of the defined benefit obligation in the fund will be amortised in
the income statement over the expected remaining working lives of the employees.
Reclassifications
Previously the Group disclosed preference shares and leave pay in equity and
provisions respectively. These balances have now been re-classified under non-
current liabilities and trade and other payables respectively.
SPECIAL PURPOSE AUDIT REPORT
The financial information contained in this announcement has been extracted from
the consolidated preliminary special purpose financial information which has
been audited by the Group"s auditors, PricewaterhouseCoopers Inc. The auditors
expressed the opinion that the consolidated preliminary special purpose
financial information has been prepared, in all material respects, in accordance
with the stated basis of preparation thereof. The basis of preparation of this
information is included in the consolidated preliminary special purpose
financial information and includes a description of how IFRS 1 has been applied,
and the assumptions that management made about standards and interpretations
expected to be effective, and the accounting policies expected to be adopted,
when management prepares the first complete set of IFRS financial statements as
at 31 March 2006.
The auditors" report includes an emphasis of matter that cautions that standards
or interpretations issued by the IASB between the date of this announcement and
the finalisation of the financial statements for the year ending 31 March 2006
may result in changes to the financial information published. They further note
that only a complete set of financial statements comprising a balance sheet,
income statement, statement of changes in equity, cash flow statement, together
with comparative financial information and explanatory notes, can provide a fair
presentation of the Group"s financial position, results of operations and cash
flows in accordance with IFRS. The auditors" report is available for inspection
at the Company"s registered office.
The financial information for the six months ended 30 September 2004 has not
been audited or reviewed.
Date: 01/11/2005 04:26:13 PM Produced by the JSE SENS Department



2005-09-30

Rainbow Chicken Limited - Exercise Of Options By A


Rainbow Chicken Limited - Exercise Of Options By A Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Mr M Dally
Company : Rainbow Chicken Limited
Date of transaction : 30 September 2005
Nature of transaction : Exercise of options
Class of securities : Ordinary shares
Number of options exercised : 200 000
Option strike price : R3.45
Total value of transaction : R690 000.00
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Durban
30 September 2005
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 30/09/2005 02:41:29 PM
Produced by the JSE SENS Department

2005-09-07

Rainbow -- trading statement


Rainbow's results for the six months ending 30 September 2005 will be released on Wednesday, 16 November 2005. Prior to the release of these interim results, a separate announcement will be issued regarding the impact of the transition to International Financial Reporting Standards ('IFRS'). This trading statement does not take into account any IFRS transition adjustments and is based on current financial reporting under South African Statements of Generally Accepted Accounting Practice.

Shareholders are advised that headline earnings and headline earnings per share for the six months to September 2005, before taking IFRS transition adjustments into account, are likely to be 65% - 85% higher than the corresponding reporting period of the previous year. Earnings and earnings per share are likely to be 55% - 75% higher than the corresponding period of the previous year. Despite the negative impact of the feed contamination issue experienced in the latter part of the last financial year, earnings growth for the full year is likely to be lower than the first six month's growth. This is as a result of the initial negative earnings contribution from the new further processing plant which will be commissioned during October and Vector's loss of the YUM! (KFC) distribution contract. These material impacts were mentioned in the prospects section of the 2005 annual report.

2005-07-21

Rainbow gives Dally a 58% pay rise


Rainbow gives Dally a 58% pay rise
July 21, 2005

By Samantha Enslin

Miles Dally, the chief executive of Rainbow Chicken, received a 58 percent rise in his annual package to R4.2 million, including a R1.2 million bonus, for the year to March 2005.

Non-executive chairman Thys Visser, who sits on the remuneration committee, could not be reached for comment on the increase yesterday.

The group's annual report said bonuses paid related to the financial year to March 2004, when Rainbow reported a 24 percent increase in headline earnings to R227.4 million.

In the year to March 2005 Rainbow reported a 6.3 percent dip in headline earnings to R213 million

2005-07-19

Rainbow -- results of annual general meeting


At the annual general meeting of the shareholders of Rainbow held on 19 July 2005 the requisite majority of shareholders approved all the ordinary resolutions proposed at the meeting.

2005-06-28

Rainbow -- no change statement and AGM date


With regard to the abridged audited group results for the year ended 31 March 2005, shareholders are advised that the annual financial statements have been distributed to shareholders on 28 June 2005 and contain no modifications to the abridged audited group results which were published on SENS on 19 May 2005. The annual general meeting of shareholders will be held at One The Boulevard, Westway Office Park, Westville, KwaZulu-Natal on 19 July 2005 at 09h00.

2005-06-14

Rainbow Chicken Limited - Dealing In Securities By


Rainbow Chicken Limited - Dealing In Securities By Directors
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. RH Field
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 17 000
Date of transaction : 13 June 2005
Purchase price : R7.41 per share
Total value of transaction : R125 970.00
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Director : Mr. M Dally
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 350 000
Date of transaction : 14 June 2005
Purchase price : R3.45 per share
Total value of transaction : R1 207 500.00
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Durban
14 June 2005
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 14/06/2005 12:14:10 PM
Produced by the JSE SENS Department

2005-06-03

Dealing In Securities By Company Secretary


Rainbow Chicken Limited - Dealing In Securities By Company Secretary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with 3.63 to3.74 of the JSE Securities Exchange South Africa
Listings Requirements, the following information is disclosed:
Company Secretary : Mr. SB Heath
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Sale
Number of securities : 43 923
Date of transaction : 2 June 2005
Selling price : R7.07 per share
Total value of transaction : R310 535.61
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Durban
3 June 2005
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)

2005-05-31

Dealing In Securities By A Director


Rainbow Chicken Limited - Dealing In Securities By A Director
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. M Dally
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 1 710
Date of transaction : 27 May 2005
Purchase price : R6.97 per share
Total value of transaction : R11 918.70
Nature of transaction : Purchase
Number of securities : 30 000
Date of transaction : 27 May 2005
Purchase price : R7.00 per share
Total value of transaction : R210 000.00
Nature of transaction : Purchase
Number of securities : 5 000
Date of transaction : 30 May 2005
Purchase price : R7.00 per share
Total value of transaction : R35 000.00
Nature of transaction : Purchase
Number of securities : 13 290
Date of transaction : 30 May 2005
Purchase price : R7.10 per share
Total value of transaction : R94 359.00
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Durban
31 May 2005
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 31/05/2005 10:10:03 AM
Produced by the JSE SENS Department

2005-05-26

Rainbow change to board of directors


As part of a management restructure the role of Commercial Director has been made redundant and Mr Louis Jacobus Grobler has accepted voluntary retrenchment from acting as an executive director from the board of Rainbow, with effect from 30 June 2005.

2005-05-19

Rainbow appoints new director


Shareholders were advised that Ms Manana Nhlanhla is to be appointed to the Rainbow board as a non-executive with effect from 19 July 2005. Ms Nhlanhla holds a BSc and a Masters degree in Information Science and is a former university lecturer in Information Science. Over the past 10 years she has been involved in various businesses including being a director of Thebe Investments and the founding member of Batho Bonke Consortium. Ms Nhlanhla is currently the Executive Chairperson of MION Investments, Chairperson of Trade and Investments KwaZulu-Natal and Women in Oil and Energy - South Africa and Deputy Chairperson of Gold Circle.

2005-05-19

Amendment to the abridged audited group results


Rainbow - Amendment to the abridged audited group results for the year ended 31
March 2005
Rainbow Chicken Limited
('Rainbow' or 'the Group')
(Registration number 1966/004972/06)
JSE Share code: RBW & ISIN: ZAE000019063
ABRIDGED audited group results for the year ended 31 March 2005
This is an amendment to the results announcement released on SENS on 18 May
2005.
Statistics
Basic earnings per share - diluted* (cents) 82,5 82,5
The current year value was stated as 2,5 cents per basic earnings per share -
diluted and should read 82,5 cents per basic earnings per share - diluted.
For and on behalf of the Board
MH Visser M Dally
Non-executive Chairman Chief Executive
Durban
18 May 2005
Date: 19/05/2005 07:00:02 AM
Produced by the JSE SENS Department

2005-05-18

Rainbow final results March 2005


Chicken revenue increased by 5.5% to R3.3bn (R3.1bn) on the back of a 6.0% improvement in price realisations. Bird performance was impacted negatively by the Group's feed being contaminated for a limited period by a supplier's product. This reduced pre-taxation earnings by some R80m and caused headline earnings to decrease by 6.3% over the comparable period. Without this impact the Group would have reported headline earnings growth of approximately 19%. Chicken volumes decreased by 0.5%, affected by the feed issue and to a lesser extent the three week national strike in May/June 2004. Group revenue increased by 5.1% to R4bn (R3.8bn). EBITDA includes a non-recurring profit of R9m (R0.1m) on disposal of fixed assets and a R16m (nil) release of impairment provisions in respect of increased valuations of dormant properties that are either to be sold or brought back into use. Excluding these items, headline EBITDA increased by 2% to R374.1m (R366.8m) and headline EBITDA margin declined to 9.3% (9.6%). Chicken cost of production increased by 7% partly as a result of a 30.4% increase in depreciation arising out of recent capex investments. The average feed cost was 2.1% higher than last year. The effective taxation rate was slightly lower at 32.3% (33.1%). Headline earnings decreased by 6.3% to R213m (R227.5m) with headline earnings per share declining by15% to 77.9c (85.2c). Cash generated by operations remains strong at R402.2m (R309.8m), with the improvement largely attributable to lower working capital requirements. The cash balance at the end of the period was lower than the previous year due to the R454.9m acquisition of Vector Logistics, which was funded from the group's cash resources, and increased capital expenditure. As a result interest income was also lower at R27.1m (R37.2m).

Prospects
Indications are that the macro economic environment will remain stable with sound fiscal disciplines and a lower interest rate contributing to consumer spending remaining fairly positive over the next period. A strong rand and excess maize stocks should translate into lower feed raw material input costs. However, a negative earnings contribution is expected from the new Further Processing plant as it will only be commissioned mid-way through the next period. Further to this, as mentioned at the time of concluding the acquisition, YUM! (KFC) changed its distribution partner and therefore Vector's profit contribution will be lower in the year ahead, offset in the second half to some extent by the inclusion of certain Rainbow volumes not previously distributed by Vector. The group expects to report earnings growth for the upcoming financial year, albeit off a compromised base.

Dividend
The board has declared a final dividend of 21c per ordinary share.
The salient dates of the declaration and payment of this dividend are as follows:
*Last date to trade ordinary shares 'CUM' dividend Friday, 17 June 2005
*Ordinary shares trade 'EX' dividend Monday, 20 June 2005
*Record date Friday, 24 June 2005
*Payment date Monday, 27 June 2005

2005-04-25

Rainbow announces change in directorate


Mr Nkateko Peter Mageza has resigned as a non-executive director from the board of Rainbow Chicken with effect from today, 25 April 2005.

2005-03-14

Dealing in securities by director


Rainbow Chicken Limited - Dealing in securities by director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. RH Field
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 33 000
Date of transaction : 11 March 2005
Purchase price : R6.55 per share
Total value of transaction : R216 150
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Durban
14 March 2005
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE

2005-02-09

Rainbow share price dives 13.16%


Rainbow's share price fell to R6.60 on 8 February 05, 13.16% lower than the previous day.

2005-02-07

Rainbow figures will be below forecasts


Despite previous expectations expressed in the interim announcement published in November 2004 that there would be continued earnings growth, albeit at a slower rate than in the previous year, shareholders are advised that earnings per share and headline earnings per share for the year ending 31 March 2005 are likely to be lower than the previous year. Although the difference is unlikely to reach the percentage beyond which the JSE requirements oblige a company to issue a trading statement, ie 20%, the Rainbow board views the difference to be important enough to be made the subject of a trading statement. Due to the current volatility of, inter alia, the maize price, which is one of the influencing factors mentioned below, it is difficult to give a more specific range. The factors giving rise to this are largely twofold: Firstly, during the trading period from November 2004 to January 2005, Rainbow experienced negative bird performance in its broiler operations across all three regions. The cause has now been identified and the problem resolved, but it will adversely impact on earnings for the current year. It should be noted however, that the matter has been handed over to the company's insurance brokers. Secondly, in light of the declining maize price and exposure to certain long maize positions, there will be an unrealised loss on the valuation of specific financial instruments required to be valued in terms of AC133 (Financial Instruments: Recognition and Measurement). Management have executed and remain comfortable with the company's overall maize procurement strategy and repeat their previous comment that the valuation of only certain procurement instruments in terms of the application of AC133 introduces volatility to the reported results. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company's auditors.

2004-12-14

DEALING IN SECURITIES BY A DIRECTOR


RAINBOW CHICKEN LIMITED - DEALING IN SECURITIES BY A DIRECTOR
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South AfricaListings Requirements, the following information is disclosed:
Director : Mr. L J Grobler
Company : Rainbow Chicken Limited
Class of securities : Ordinary sharesNature of transaction : Sale
Number of securities : 300 000
Date of transaction : 14 December 2004
Selling price : R6.80 per shareTotal value of transaction : R2 040 000.00
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : YesDurban
14 December 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)CORPORATE FINANCEDate

2004-12-08

Dealing In Securities By A Director


Rainbow Chicken Limited - Dealing In Securities By A Director
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : Mr. M Dally
Company : Rainbow Chicken Limited
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 8 870
Date of transaction : 6 December 2004
Purchase price : R6.85 per share
Total value of transaction : R60 759.50
Nature of transaction : Purchase
Number of securities : 21 130
Date of transaction : 6 December 2004
Purchase price : R6.90 per share
Total value of transaction : R145 797.00
Nature of transaction : Purchase
Number of securities : 10 000
Date of transaction : 7 December 2004
Purchase price : R6.90 per share
Total value of transaction : R69 000.00
Nature and extent of
director's interest : Direct beneficial
Clearance obtained : Yes
Durban
8 December 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE

2004-12-02

Rainbow reaches agreement on Vector


Pursuant to the announcement by Rainbow published on SENS on 7 September 2004, shareholders are advised that Rainbow has reached agreement to acquire the entire issued share capital of Vector.

2004-11-24

Rainbow interim results September 04


Rainbow reported increased revenue of R1.978bn (R1.822bn) for the six months ended 30 September 04. Attributable profit for the period increased to R90.4m (R67.9m), while headline earnings per share improved from 25.3cps in the previous comparable period to 30.2cps. The board declared an interim dividend of 9.5cps.

Prospects
Macro economic conditions are expected to remain positive over the next six months and the increased consumer spending trends should continue over the festive season, the group's highest revenue months. However, the continued soft maize prices will result in lower increases in realisations going forward and the group does not expect the chicken operation to continue growing revenue at the same rate in the second six months of the financial year. The proposed Vector acquisition, the finalisation of which is imminent, offers the group further opportunities to influence its route to market, and is expected to make a positive contribution to earnings. Vector will continue to partner with its existing principals to enhance their route to market initiatives. The new relationship between Rainbow and Vector will create a range of opportunities to streamline the group's supply chain and deliver a more efficient interface with customers. The group will continue to invest in its consumer-focused strategy, the benefits of which will only be delivered in the longer-term. As reported in the 2004 annual report, the full year earnings growth rate is not expected to be at the same pace as that achieved in recent years or that achieved during this six-month period.

2004-11-01

Rainbow issues trading statement


Rainbow is currently finalising its results for the six months to September 04, which will be released on 24 November 04. In this regard, shareholders are advised that earnings per share and headline earnings per share are likely to be 25%-35% and 15%-25% respectively higher than the corresponding reporting period of the previous year. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the company's auditors in accordance with the JSE Securities Exchange SA listings requirements.

2004-10-19

Rainbow still in talks to buy Vector Logistics


Further to the cautionary announcements published on SENS on 27 August 2004 and 7 September 2004, shareholders are advised that Rainbow is still in discussions regarding the possible acquisition of a 100% interest in Vector Logistics (Pty) Ltd, a subsidiary of AVI Ltd. Accordingly, shareholders are advised to continue to exercise caution when dealing in their Rainbow shares until a further announcement is made.

2004-09-07

Rainbow further cautionary announcement


Further to the cautionary announcement published on SENS on 27 August 2004, shareholders are advised that Rainbow is in discussions regarding the possible acquisition of a 100% interest in Vector Logistics (Pty) Ltd, a subsidiary of AVI Ltd. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities until a full announcement is made.

2004-08-27

Rainbow cautionary announcement


Shareholders are advised that Rainbow has entered into negotiations which, if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.

2004-07-28

Rainbow announces results of AGM


At the 38th annual general meeting of shareholders of Rainbow held today, Wednesday 28 July 2004, the following transpired:
* Ordinary resolution number 3 relating to the re-appointment of Deloitte & Touche as auditors for the forthcoming year was withdrawn. Pursuant to the posting of the annual general meeting notice, in order to bring the external service provider in line with the rest of the Remgro group of companies, it had been agreed that Deloitte & Touche would resign and PriceWaterhouseCoopers were appointed as auditors of the company with effect from 28th July 2004.
* The requisite majority of shareholders approved all the ordinary and special resolutions proposed in the notice to shareholders.
* Mr Desmond John Loch Davis has retired as non-executive director from the board of Rainbow.

2004-07-28

Rainbow announces directorate changes


Mr Robert Hilton Field has been appointed as group financial director of Rainbow with effect from 28 July 2004. Mr Louis Jacobus Grobler has changed his role of group financial director to group commercial director of Rainbow with effect from 28 July 2004. Mr Donald Winston Vale has been appointed as non-executive director.

2004-07-05

Rainbow no-change statement and notice of AGM


With regard to the audited results for the year ended 31 March 2004, shareholders are advised that the annual financial statements will be distributed to shareholders on or about the 5 July 2004 and contain no modifications to the audited results which were published on SENS on 19 May 2004. The annual financial statements were audited by Deloitte & Touche. Their report is available for inspection at the company's registered office.

Notice of the annual general meeting
Notice is hereby given that the annual general meeting of shareholders will be held at 1 Stanley Methven Road, Hammarsdale, KwaZulu-Natal on 28th July 2004 at 09H00 to transact businesses as stated on the notice of annual general meeting forming part of the annual financial statements.

2004-05-19

Rainbow results for the 12 months ended 31 Mar 04


Rainbow reported revenue of R3.8bn (R3.7bn). Headline earnings increased by 24% to R227.5m (R183.4m) with diluted headline earnings per share improving by 21.1% to 80.8cents (66.7 cents).

Net cash generated by operations amounted to R271.9m (R310.3m), resulting in an increase in the cash balance to R482.3m (R290.8m). Working capital requirements increased by R57.1m (reduction of R36m), largely due to the reduction in liabilities attributed to the utilisation of the onerous maize contracts in the amount of R31.7m provided for last year. Capital expenditure was R87m (R114.2m). A further amount of R33.6m had been contracted and committed, but not spent.

Prospects
The group"s consolidation and market management processes are now well underway which, together with a very strong cash position, have set the foundation to pursue strategic investment opportunities in order to grow the business and improve profitability. Interest rates are expected to firm only during the latter half of the new financial year and consumer spending is therefore expected to remain fairly positive over this period. Should the rand remain strong against the US dollar, feed raw material input costs are likely to remain fairly stable - subject to normal seasonal trends. The higher international poultry prices and the recently increased tariff on offal are not expected to significantly reduce the level of imports into South Africa. These factors should, however, to some extent offset import price advantages provided by the stronger rand. The current levels of chicken realisations, stability of both the rand and maize prices, and buoyant consumer spending patterns should have a positive impact on the group"s performance during the first half of the new financial year compared to the same period in the previous year. The directors expect that the group will generate another year of solid operating performance growth for the upcoming financial year. However, as the group now operates off a higher base, year-on-year earnings improvements are not expected to be at the same pace achieved in recent years.

2004-05-12

Rainbow restatement of results


Shareholders are advised that the company is currently finalising its results for the year ended 31 March 2004, which will be released on SENS on or about 19 May 2004.

Restatement of Comparative Figures in respect of Deferred Taxation
In reviewing the current year deferred taxation liability, it was found that the liabilities raised in the prior financial years ending 31 March 2002 and 31 March 2003 were incorrect. To ensure compliance with Accounting Statements (AC 102 and AC 103) dealing with Income Taxes, the company"s 2003 comparative figures have been restated to recognise a deferred taxation liability in respect of non-recoupable development allowances on farming buildings, which had previously not been appropriately provided for. The change requires restatement of the prior year opening reserves by R6.7m, being the effect on the 2002 year, the deferred taxation charge by R91.7m in respect of the 2003 year and, consequently, the deferred taxation liability of R98.4m in 2003. On the 2003 income statement, pre tax profit is unaffected, but after tax, attributable profit and headline earnings were overstated to the extent of the deferred tax charge of R91.7m. Attributable profit thus reduces to R161.8m (R253.6m), headline earnings drop from 106.2cps to 70.8cps and net asset value declines from 408.5cps to 371cps.The restatement has no past or future impact on operating profit or cash flow.

Performance Expectation for the year ended 31 March 2004
The company"s earnings performance for the year ended 31 March 2004 is not impacted by the restatement. However, where previously a material decline in headline earnings for the year ended 31 March 2004 had been expected on a year- on-year basis, being mainly due to the company"s return to a taxable position, it is now anticipated that with the restated comparative, the earnings expectation is that headline earnings per share will be materially above and basic earnings per share will be substantially above the prior year. The financial information on which this trading statement is based has been reported on by Deloitte & Touche.

2004-03-10

Rainbow announces directorate changes


MR N J L Hancock has resigned from the Rainbow board as a non executive director. The above change is effective from 10 Mar 04.

2003-11-21

Rainbow results for the 6 months ended Sep 03


Revenue increased by 2% to R1.82bn (2002: R1.79bn). It should also be noted that the current trading period had five fewer trading days. A substantial reduction in price realisations in the feed operations resulted in a significant decline in revenues from Epol, which weighed down group revenues, notwithstanding a marginal volume growth in all of the group"s operations. EBITDA increased by 3.2% to R115.5m (2002: R111.9m). The EBITDA margin of 6.3% is the same as that achieved for the corresponding period last year. Improved cash generation and higher cash balances held within the group resulted in a substantial increase in net interest received to R19.4m (2002: R2.8m). Profit before taxation increased by 21.6% to R104.8m (2002: R86.2m prior to the impairment charge) benefiting from the higher interest earnings. Attributable earnings increased by 1.8% to R67.9m (2002: R66.7m) due to having returned to a tax paying position. Headline earnings, similarly impacted by the taxation charge, declined by 18.5% to R67.2m (2002: R82.4m). Cash generated by operations increased to R83.4m (2002: R28.1m), resulting in a period end cash balance of R304.3m (following improved working capital and declining maize prices).

Return on equity on a twelve-month rolling basis increased to 25.0% (2002: 21.0%) benefiting from ongoing operational improvements. Rainbow has previously disclosed its normal practice of entering into forward purchase agreements with various counter-parties to procure feed raw materials in the ordinary course of business. This practice is currently under review, but any potential change may impact the balance sheet structure, but will not affect net asset value or group profitability.

Prospects
In the second half of this financial year, the feed and breeding operations are expected to continue to deliver solid performances. Chicken price realisations should improve in line with normal seasonal demand trends and benefits arising from the lower feed costs should be higher than in the first period. Given the rand"s strength, volumes of imported products are expected to remain at current levels. Consumer spending is, however, expected to benefit from the recent reduction in interest rates and lower fuel prices. Branding initiatives are being reviewed as a high priority alongside performance optimisation and the development of new niches, which are considered to be key growth drivers. Rainbow"s turnaround is not yet complete and areas from which further long-term benefits can be expected include the distribution and market management functions.
The group is on track to achieve its strategic performance objectives through operational efficiency, decommoditisation and market management. As the group now operates off a higher base, year-on-year earnings improvements will not take place at the same pace as achieved in recent years. The decline in headline earnings for the full year, being mainly due to the group"s return to a taxable position may possibly be similar to that recorded in the period under review.

2003-11-07

Rainbow issues profit warning and cautionary


Shareholders are advised that the company is currently finalising its results for the six months ended 30 Sep 03, which will be released on 21 Nov 03. Headline earnings are expected to be materially lower than those of the corresponding prior period.

The financial information on which this trading statement is based has not been reviewed or reported on by the company"s auditors and shareholders are therefore advised to exercise caution when trading in the company"s shares until the results are published.

2003-10-07

DEALING IN SECURITIES BY DIRECTOR


RAINBOW CHICKEN LIMITED -
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
DEALING IN SECURITIES BY DIRECTOR
In compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed:
Director: MR L J Grobler
Company: Rainbow Chicken Limited
Class of securities: Ordinary shares
Nature of transaction: Sale
Number of securities: 100 000
Date of transaction: 22 September 2003
Selling price: R4.35 per share
Total value of transaction: R435 000
Nature and extent of
Director"s interest: Direct/Beneficial
Durban
7 October 2003
Merchant Bank and Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 07/10/2003 03:17:22 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department



2003-08-15

Rainbow Chicken announces director resignation


Stephen Mark Parsons has resigned as executive director from the board of Rainbow Chicken. This change to the board becomes effective 12 Sep 03.

2003-05-15

Rainbow cooks up tasty return for shareholders


KwaZulu-Natal Correspondent

DURBAN Rainbow Chicken proved its mettle in returning as a worthy investment share after its darker days several years ago, rewarding shareholders with fully diluted headline earnings of 99,2c (2002: 56,8c) that were more in line with analyst expectations for next year.

However, the industrial broiler company tempered its good news with the warning of the risks in the year ahead, particularly given the nature of the chicken business.

Afrifocus analyst Des Meyer said the warnings might prove "unduly conservative" with the company "covering its back in the year ahead", but the results under review were substantially better than anticipated.

Rainbow staged its long-anticipated turnaround in May 2000 following years of substantial losses, but patient shareholders waited another 18 months before receiving a dividend in the final step in Rainbow"s recovery.

Releasing the full-year figures to March, CEO Myles Dally said while the cost of chicken production was likely to benefit from the drop in feed-related raw material costs in the year ahead, this would be offset by concomitant lower chicken price realisations. He warned that should the rand remain strong against the dollar, the imports of chicken products were likely to increase and oversupply would dampen selling prices.

Management would focus on its performance optimisation and customercentred strategy as a growth platform, but this called for consolidation. Operating profits would be "materially impacted" by not having the benefit of this year"s nonrecurring items and the return to a tax-paying position, resulting in reduced headline earnings.

Yesterday Rainbow reported a 65% growth in attributable profit to R253,6m on a 24% rise on turnover to R3,7bn.

This translated into headline earnings of R275,2m (R154,7m) and a 17c (10c) final dividend brought the annual total to 24c (14c). Dally acknowledged that the turnover growth was predominantly attributable to the recovery of higher feed raw material input costs in sales prices.

He also believed that while the improvements were "significant", both the 7% (5,2%) operating margin and the headline earnings were at levels that indicated further improvements were necessary before acceptable levels of return were achieved.


May 15 2003 07:20:14:000AM Nicola Jenvey Business Day 1st Edition

2003-05-14

Rainbow results for 12 months ended 31 Mar 03


Revenue increased 23.8% to R3 763.7m (R3 040.2m), operating profit was 56.9% higher at R246m (R156.8m), and attributable profit was up 64.8% to R253.6m (R153.9m). HEPS improved 76.1% to 106.2cps (60.3cps). The significant increase in revenue is predominantly attributable to the recovery of higher feed raw material input costs in sales prices. The benefits of a vertically integrated supply chain, spanning several elements of potential procurement risk, were realised during 2002. Due to the extent of this integration and its resultant cost efficiency, the group was able to reduce its exposure to the consequences of the market realities faced by the chicken industry. Rainbow"s optimisation strategy is progressing as planned and benefits are already beginning to be realised in terms of both cost efficiencies and better realisations as a result of an enhanced product mix. Management"s main focus will be the continued pursuit of being the low cost quality producer, directed at its performance optimisation and customer centered strategy as the group"s platform for growth. The successful execution of this strategy is dependent on the key elements of people skills and knowledge management, which will receive further attention and support. This will likely result in a period of consolidation in the year ahead.


2003-03-20

Dealings by Director


RAINBOW CHICKEN LIMITED -
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR L J GROBLER
Date of Transaction : 13 March 2003
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 100 000
Selling price : R3.50 per share
Nature of director"s
interest : Direct/Beneficial


2003-03-05

Rainbow Chicken Limited - Dealing In Securities By


RAINBOW CHICKEN LIMITED
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR M DALLY
Date of Transaction : 5 March 2003
Class of security : Ordinary shares
Nature of transaction : Purchase
Number of shares : 38 400
Purchase price : R3.75 per share
Nature of director's
interest : Direct and Beneficial
Date: 05/03/2003 04:48:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department

2003-02-25

Dealings by Director


(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR M DALLY
Date of Transaction : 24 February 2003
Class of security : Ordinary shares
Nature of transaction : Purchase
Number of shares : 10 000
Purchase price : R3.75 per share
Nature of director's interest : Direct and Beneficial
Date: 25/02/2003 08:44:00 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department

2003-02-17

Dealings by Director


(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
Correction to Mr. M Dally director dealing announcement earlier released on
SENS. The following should have read:
Nature of transaction : Purchase
Purchase price : R3.51 per share
Date: 17/02/2003 05:01:46 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department


2003-02-17

Dealings by Director


(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR M DALLY
Date of Transaction : 14 February 2003
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 11 600
Selling price : R3.21 per share
Nature of director's interest : Direct and Beneficial
Date: 17/02/2003 03:50:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department


2003-01-13

Rainbow Chicken Limited - Dealing In Securities By


RAINBOW CHICKEN LIMITED
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR Y A LAKHNATI
Date of Transaction : 8 January 2003
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 100 001
Selling price : R3.20 per share
Nature of director's interest : Direct / Beneficial
end
Date: 13/01/2003 02:40:17 PM Produced by the JSE SENS Department

2003-01-13

Rainbow Chicken Limited - Dealing In Securities By


RAINBOW CHICKEN LIMITED
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR Y A LAKHNATI
Date of Transaction : 8 January 2003
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 100 001
Selling price : R3.20 per share
Nature of director's interest : Direct / Beneficial
end
Date: 13/01/2003 02:40:17 PM Produced by the JSE SENS Department


2002-12-17

Dealings by Director


(Registration number 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR Y A LAKHNATI
Date of Transaction : 12 December 2002
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 2 138 099
Selling price : R3.25 per share
Nature of director's
interest : Indirect
Date: 17/12/2002 04:56:52 PM Produced by the JSE SENS Department

2002-12-12

Rainbow director resigns


Mr James Johnston resigned as an executive director from the board of Rainbow with effect from 13 Dec 02.

2002-12-09

Rainbow changes to the CEO


Mr Yannick Lakhnati will resign as CEO from the board of Rainbow with effect from 31 Jan 03. Mr Miles Dally has been appointed to the board as the new CEO with effect from 1 Feb 03. Mr Lakhnati believes that the turnaround of Rainbow from a loss making company to a profitable business with a strong foundation is complete. He has decided to move on to new challenges. Mr Miles Dally, previously the group MD of Robertsons Holdings, has 20 years of success in the consumer goods industry, and brings a wealth of knowledge and experience to Rainbow.

2002-12-05

Dealings by Director


RAINBOW CHICKEN LIMITED - DEALINGS IN SECURITIES BY A DIRECTOR
RAINBOW CHICKEN LIMITED
(Registration number 1966/004972/06)
Share Code: RBW
ISIN Code : ZAE000019063
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : Jim Johnston
Dates of transactions,
number of shares and
selling prices : 21 November 2002, 500 shares at R3.40 per share
22 November 2002, 49,500 shares at R3.40 per share
25 November 2002, 53,600 shares at R3.40 per share
26 November 2002, 30,000 shares at R3.35 per share
27 November 2002, 40,000 shares at R3.36 per share
28 November 2002, 10,000 shares at R3.36 per share
28 November 2002, 60,233 shares at R3.30 per share
Class of securities : Ordinary Shares
Nature of transactions: Sales
Nature of Interest : Direct / Beneficial
Date: 05/12/2002 09:04:37 AM Produced by the JSE SENS Department



2002-11-20

New directors for Rainbow's board


Rainbow Chicken announced that with effect from the 20 Nov 02 three new non executive directors have been appointed. The directors are Mr Nkateko Peter Mageza, Dr Munro Griessel and Mr J B Magwaza.

2002-11-20

Rainbow results for 6 months ended 30 Sep 02


Revenue was higher at R1 789.2m (R1 377.5m), operating profit increased to R115.71m 9R73.15m), and attributable profit was up to R66.68m (R46.57m). Basic EPS were at 25.9cps (18.2cps) and HEPS were at 32cps (17.7cps). The South African agriculture and food industry experienced moderate growth during the past six months driven by both exports and an improvement in local consumption. The demand specifically for chicken has further benefitted from its increasing competitiveness as a source of protein. Whilst interest rates have hardened, this had not yet significantly impacted on demand during the period under review. Considering the adverse trading conditions, Rainbow showed an encouraging performance. The group strategy followed over the past three years, of focusing on productivity and efficiency, has been successfully implemented and is now contributing materially to the group"s performance. Rainbow"s main focus will still be directed at repositioning the group for growth through effective marketing and improved customer service. The streamlining process to reduce costs and improve efficiencies will also continue. With the group"s positioning and strategies outlined, the directors expect an improved performance in the second half of the financial year compared to the same period last year. Profitability for the full year is expected to be materially higher than in the previous year.

2002-09-27

Rainbow director resigns


Mrs Lilian Methven resigned as a non-executive director from the board with effect from 26 Sep 02.

2002-09-25

Rainbow Chicken Limited - Dealing In Securities By


Rainbow Chicken Limited - Dealing In Securities By A Director
RAINBOW CHICKEN LIMITED
(Registration number 1966/004972/06)
ISIN: ZAE000019063
SHARE CODE: RBW
In compliance with rules 3.72 - 3.75 of the JSE Listings Requirements, the
following information is disclosed:
Director : MR J.JOHNSTON
Date of Transaction : 11 September 2002
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 30 000
Selling price : R2.47 per share
Nature of director's
interest : Direct/Beneficial
Director : MR J.JOHNSTON
Date of Transaction : 16 September 2002
Class of security : Ordinary shares
Nature of transaction : Sale
Number of shares : 21 799
Selling price : R2.49 per share
Nature of director's
interest : Direct/Beneficial
Date: 25/09/2002 05:25:01 PM Produced by the JSE SENS Department


2002-05-16

Rainbow results for 12 months ended 31 Mar 02


Revenue increased to R3.04bn (R2.49bn), operating profit rose to R156.8m (R115m), and net profit was up at R153.9m (R98.2m). EPS increased to 60cps (38.3cps) and HEPS improved to 60.3c (45.9c). Due to low supply of maize stocks and the weakening of the Rand, overall feed prices rose by approximately 25% - well ahead of inflation. This had a dramatic impact on chicken production costs, especially during the latter half of the year, despite hedged positions within the industry.

Rainbow"s restructuring and streamlining process continues to make good progress and has to date met expectations. Further improvements in key performance indicators and production costs are being achieved. Notwithstanding the challenging conditions prevailing in the industry, the group achieved a good performance in the past year. Mainly as a result of volume growth, mix improvement and higher price realisations in both feed and chicken operations.

Focus on the balance sheet and cash management continued throughout the year. The group continued to operate with fluctuating short-term core borrowings for the year and will continue to incur interest costs in the new year. Provided the current trading conditions and normal cash flow trends prevail for the remainder of the year, interest bearing debt is expected to peak at approximately R60m during the first half of the new year.

Management"s main focus will remain on the continuation of its successful streamlining process to further reduce costs and improve efficiencies, market effectiveness and customer service.

Mr PJ Waud will retire as a non-executive director on 31 Jul 02.

2002-05-03

Rainbow change in directorate


P J Waud has resigned as non-executive director from the board of Rainbow with effect 31 Jul 02 while Stephen Mark Parsons was appointed as director of Rainbow with effect from 27 Feb 02.

2001-11-12

Rainbow results for 6 months ended 30 Sep 01


The accounting policy regarding the revaluation of land and buildings has been changed to revert to the historical cost basis (effective 1 Apr 01). Comparatives have been restated. Revenue rose to R1.4bn (R1.2bn), operating profit jumped to R46.1m (R14.5m), and attributable income improved to R46.6m (R4.4m). Interest paid decreased to R1.8m (R9.6m). EPS were up at 18.2c (1.7c) and HEPS increased to 17.7c (1.2c). Rainbow declared a 4c (nil) interim dividend. Feed prices have increased sharply, lifting more than 6% since Mar against the lower prices experienced last year. Consumption demand has not shown significantly leaving the industry dependent on production cost efficiencies. Maize prices have risen as international stocks have fallen. This has been exacerbated by the weaker rand and local prices have drifted closer to import parity.

However, the extensive restructuring and streamlining process undertaken to return Rainbow to profitability continued to make progress. Further improvements in key performance indicators and production costs were being achieved and progress in product development, marketing and customer services and the international alliance with Cobb were bearing fruit. Operational efficiencies have also improved and barring feed and energy costs, the cost containment drive will continue making progress.

Epol operated in an environment where the feed industry remains oversupplied, despite higher feed costs. The recent feed raw material price hikes were not absorbed by consumers and affected margins, but the division still performed "reasonably".

Management"s main focus will remain on the group"s streamlining process to reduce costs, improve management's efficiencies and achieve more effective marketing and customer service,

2001-05-16

Rainbow results for the 12 months ended Mar 01


The group reported a year of no growth and continued changes in consumer spending. Relief from unfairly priced import dumping in Jul 00 was granted (for a five year period) the benefits of which would however only be felt in the 2002 year. On a more positive note, the group"s restructuring initiatives resulted in key performance indicators and production costs being achieved. Revenue rose 8.6% to R2.4bn, operating income was R110.7m (R52.0m) and attributable earnings R93.8m (R21.5m). Headline earnings rose from 5.4 cps in 2000 to 44.2 cps in the 2001 year. The cash outlay on capital expenditure during the period was R34.8m of which R 15.6m was spent on plant to support KFC product requirements. Rainbow formed a strategic international alliance and secured the right to breed and sell Cobb chicken parent stock in the country. An amount of R21m was also committed t its breeding operation. Strong trading and the funding of debt through trade payables resulted in a net cash position of R6.2m as opposed to the R126m requirement of the prior period. It was anticipated that funding during the first half of the year would peak at R100m -- which would be covered by short-term unsecured facilities. Marginally higher returns are forecast for the next six months as a result of higher price realisation. It was thought however that this would be offset by higher feed costs and that improved production costs and efficiencies were necessary in order to "sustain itself".

2001-05-16

Rainbow Chicken Limited - Financial Report


Abridged Audited Group Results for the year ended
1 March 2001

Rainbow Chicken Limited
(Registration number 1966/004972/06)
Abridged Audited Group Results for the year ended
31 March 2001
Consolidated Income Statement
Year ended Year ended
31 March 31 March
2001 2000
R000"s R000"s
Revenue 2 493 847 2 296 027
Operating profit before
depreciation and amortisation 167 445 111 745
Depreciation and amortisation (56 698) (59 729)
Operating profit before interest 110 747 52 016
Interest paid (16 300) (29 604)
Profit before taxation 94 447 22 412
Taxation (547) (826)
Profit after taxation 93 900 21 586
Preference dividend (62) (62)
Attributable profit 93 838 21 524
Headline Earnings
Attributable profit 93 838 21 524
Asset impairment provision raised 16 372 -
Loss/(profit) on disposal of
property, plant and equipment 2 977 (7 762)
Headline earnings 113 187 13 762
Statistics
Number of ordinary shares
in issue (000"s) 256 119 256 119
Basic earnings
per share (cents) 36,6 8,4
Headline earnings
per share (cents) 44,2 5,4
Net asset value
per share (cents) 359,8 323,2
Debt/equity ratio (%) 0,0 15,2
Consolidated Balance Sheet
31 March 31 March
2001 2000
R000"s R000"s
ASSETS
Non-current assets
Property, plant and equipment 770 560 817 262
Current assets
Loans 1 344 1 798
Inventories 250 422 242 667
Trade and other receivables 235 007 207 052
Cash on hand 6 203 -
Total current assets 492 976 451 517
Total assets 1 263 536 1 268 779
EQUITY AND LIABILITIES
Capital and reserves 921 497 827 659
Preference share capital 500 500
Total shareholders" equity 921 997 828 159
Non-current liabilities
Deferred taxation 8 356 7 821
Interest bearing debt - short-term - 126 039
Total non-current liabilities 8 356 133 860
Current liabilities
Trade and other payables 333 183 306 760
Total current liabilities 333 183 306 760
Total equity and liabilities 1 263 536 1 268 779

Consolidated Cash Flow Information
Year ended Year ended
31 March 31 March
2001 2000
R000"s R000"s
Net cash flows from operating
activities 161 587 89 325
Net cash flows from investing
activities (29 345) (11 577)
Net decrease in borrowings 132 242 77 748
Borrowings at the beginning of
the year (126 039) (203 787)
Cash on hand/(borrowings) at
the end of the year 6 203 (126 039)

Statement of Changes in Equity
Non-
Stated distributable Accumulated Consolidated
Capital Reserves Loss Total
Balance
1 April 2000 1 082 853 97 996 (353 190) 827 659
Prior year"s
goodwill
written off - 102 697 (102 697) -
Balance
1 April 2000
restated 1 082 853 200 693 (455 887) 827 659
Attributable
profit for
the year - - 93 838 93 838
Balance 31
March 2001 1 082 853 200 693 (362 049) 921 497
Supplementary
Information
Capital
expenditure
contracted and
committed 3 884 12 319
Capital expenditure approved but
not contracted 9 916 26 447
Contingent liabilities 26 376 23 968
Comments
RESULTS
In our interim results dated 2nd November 2000 we reported that South
Africa"s agricultural and food industry had experienced virtually no growth
due to the insignificant improvement in the economy and changes in consumer
spending patterns. Although Government had granted interim relief against
unfairly priced import dumping in July 2000 (which relief has now been
confirmed for a five year period), the benefits thereof to the industry only
began to filter through in October 2000.
There has been very little change in local economic conditions during the
year and, whilst interest rates softened slightly compared to the previous
year, they remain high in real terms. Price realisations remained relatively
low for most of the year, only showing recovery towards the festive season.
Following relatively small increases in the earlier part of the year, feed
prices in the industry rose by approximately ten percent during the last
quarter of the financial year due to prevailing drought conditions and a
sharp weakening of the Rand: Dollar exchange rate. These factors had a
significant negative impact on industry profitability and threatened the
survival of some of its members.
Rainbow"s restructuring and streamlining process continues to make good
progress. Further improvements in key performance indicators and production
costs are being achieved and progress in marketing and customer services
continue to bear fruit.
The Group over the past year formulated its strategic future positioning,
the implementation of which will commence in the new year. Rainbow also
entered into certain international alliances, the scope of which will be
expanded to cover all aspects of its operations where alliances could
further the interests of the Group.
Breeding represents one of the most critical components of our supply chain
and in view thereof an international alliance was formed and Rainbow Farms
(Pty) Ltd acquired the sole right to breed and sell Cobb chicken parent
stock in South Africa. Cobb is considered to be the best performing chicken
breed in the world. Following the acquisition, the Group committed an amount
of R21,1 million to its breeding operations. Our Cobb breeding facilities
are now operated as a division of Rainbow Farms (Pty) Ltd under the name of
"Cobb South Africa T". As part of Rainbow"s customer partnering philosophy
we also established a further processing ("convenience foods") plant, part
of an investment of R15,6 million in support of KFC product requirements and
growth. The latter investment enables the Group to take advantage of
existing opportunities in the local market and also to meet some of our
short-term global aspirations with minimal further investment.
Group revenue for the year improved by 8,6% (2000: 6,7%) from R2 296,0
million to R2 493,8 million mainly as a result of volume growth and slightly
higher price realisations. Operational efficiency improvements to date have
met expectations and, barring energy costs which have soared due to
substantial price increases, our cost containment drive is progressing as
planned.
Notwithstanding the weak economy, and in particular the challenges in both
volume and pricing in the agricultural sector, Epol continued to perform
reasonably.
Following a review of the underlying values of certain of our dormant
assets, the Group has increased its asset impairment provisions by a net
amount of R16,4 million (2000: nil). Due to improved agricultural and
inventory management the balance of the Group"s provisions required in the
current year are R16,1 million less than the prior year, and this amount was
released. After the abovementioned provision and asset impairment provision
changes, the Group achieved an operating profit before interest of R110,7
million (2000: R52,0 million) for the year to March 2001. Lower average debt
levels during the year and marginally lower interest rates reduced the
interest charge to R16,3 million (2000: R29,6 million). Attributable profit
and headline earnings respectively amounted to R93,8 million (2000: R21,5
million) and R113,2 million (2000: R13,8 million).
BALANCE SHEET
Capital expenditure totalled R34,8 million (2000: R23,8 million) for the
year. Current year expenditure was incurred to grow and to improve
efficiencies in both the farming and processing operations.
Focus on the balance sheet and cash management continued throughout the
year. The increase in working capital investment of R15,0 million from
R144,8 million in March 2000 to R159,8 million in March 2001 is mainly due
to the Group"s volume growth and expansion. Notwithstanding capital
expenditure incurred (R34,8 million) and an increase in working capital
investment (R15,0 million), strong trading and the funding of debt through
trade payables eliminated the interest bearing debt thus changing the
funding position from a requirement of R126,0 million at 31 March 2000
(1999: R203,8 million) to a cash positive position of R6,2 million at 31
March 2001. The debt / equity ratio consequently improved to 0,0% (2000:
15,2%). Notwithstanding the achievement of a favourable cash balance at 31
March 2001, the Group is still operating with core borrowings and will
continue to incur interest costs in the new year. Provided that current
conditions and normal trends prevail for the remainder of the year, interest
bearing debt is expected to peak at approximately R100 million (2000: R197
million) during the first half of the new year. Current unsecured short-term
borrowing facilities provide adequate cover for this need.
PROSPECTS
We expect that the slightly higher price realisation level achieved during
the last quarter will carry into the new year, giving rise to marginally
higher average realisations being achieved during the first six months of
the new year compared to the same period last year. Unless consumption
demand improves significantly, no further material improvement in average
pricing realisation levels can be expected for the year ahead and higher
feed costs, expected to significantly outstrip inflation, will mean that on
balance the industry will have to depend largely on production cost
efficiency improvements in order to sustain itself.
Management"s main focus will remain on the continuation of its successful
streamlining process to further reduce costs and improve efficiencies,
marketing effectiveness and customer service. People training and
development will also be given intensive attention.
In view of the expectation that price realisations will not materially
improve and that feed cost increases will significantly outstrip inflation,
the profitability of the Group in the coming year will largely depend on the
successful continuation of the performance improvement process.
DIVIDEND
As mentioned above, the Group is still operating with core borrowings and
will be implementing its strategy for future positioning which will require
increased levels of capital expenditure. Following consideration of these
factors and that the Group"s interest cost on borrowings is not yet
efficient, the Board of Directors did not declare an ordinary dividend for
the year ended 31 March 2001 (2000: nil). The resumption of dividend
payments will be considered during the current financial period ending 31
March 2002.
For and on behalf of the Board
S B HEATH
Group Secretary
16 May 2001
Enquiries regarding this report may be directed to:
Mr Y A Lakhnati (telephone 031-736-2548) or Mr M H Visser (telephone 021-888-
3000)
Directors:
M H Visser (Non-executive Chairman)
Y A Lakhnati (Chief Executive Officer)
W E B hrmann, L J Grobler, N J L Hancock, J Johnston, D J Loch Davis, L
Methven, N Phillips, P J Waud
Registered office:
Rainbow Chicken Limited
1 Stanley Methven Road
Hammarsdale 3700
Transfer secretaries:
Mercantile Registrars Limited
11 Diagonal Street
Johannesburg 2001












2001-04-23

Rainbow moves to STRATE


The company will move to the electronic settlement environment with dematerialisation occurring during the week commencing 21 May 01. The first day of trading for electronic settlement is 11 Jun 01 with the first electronic settlement to take place on 18 Jun 01. Shareholders should submit their share certificates to a Central Securities Depository Participant or qualifying stockbroker for conversion on or soon after the dematerialisation date.

2000-11-02

Rainbow results for 6 months ended 30 Sep 00


Revenue increased to R1.19m (R1.11m), operating profit increased to +R12.4m (-R24.1m), and attributable income improved to +R2.3m (-R40.7m). EPS rose to +0.9c (-15.9c) and HEPS increased +0.4c (-17.0c). In Jul 00, the government imposed anti-dumping duties on unfairly priced imports. However, due to high levels of imported stock in the country at the time, together with forward commitments on imports by traders, the benefits to the industry are only now beginning to filter through. Rainbow"s restructuring continues to make good progress. Further improvements in key performance indicators and production costs are being achieved and progress in marketing and customer services is bearing fruit. Balanced stock levels in the industry and improved price realisations are forecast for the latter half of the year. However, local economic conditions could inhibit performance. In addition, the provisional duty imposed as interim protection against dumping expires on 27 Dec 00, exposing the industry to the unfairly priced imports once again.

2000-05-11

Rainbow results for 12 months ended 31 Mar 00


Revenue increased to R2.3bn (R2.2bn), attributable income increased to R21.5m (-R13.5m), and heps increased to 5.4c (-4.3c). Rainbow"s restructuring continues to make good progress. Interest rates have decline but remain high in real terms. Industry Stock levels normalised during Sep 99. Price realisations therefore remained low for most of the year, only showing recovery over the festive season. Improvement in consumption demand has been marginal at best. These factors had a significantly negative impact on industry profitability and threatened the survival of some of its members. Notwithstanding the weak economy Epol continues to perform well. No material improvement in pricing realisation levels is forecast for the year ahead. Continued volatility on international markets could expose the local poultry industry to increased dumping and a greater threat from unfairly priced imports. Management"s focus will remain on the streamlining process to further reduce costs and improve efficiencies, marketing effectiveness and customer service.

1999-11-10

Rainbow results for the 6 months ended Sep 99


High stock levels, brought about by the importation of cheaper products, high interest rates and depressed markets , continued throughout the period impacting negatively on results. Turnover of R1.1bn (R1.064bn), an operating loss of R24.1m (R17.9m profit) and an attributable loss of R40.7m (R7.5m) were reported. Headline losses rose to 17cps(4.2cps - which takes the five for one consolidation into account) In spite of an 11% decrease in the selling price of goods, the group managed a marginal improvement in turnover - attributed to higher production and sales volumes and the ongoing restructuring programme. Although stock levels had normalised by the end of September 99, local economic conditions had not jet improved enough to ensure a turnaround in the second half. Of continued concern was the volatility of international markets and lower priced imports which could result in dumping by the local poultry industry.

1999-08-10

Rainbow consolidates its shares on a 5:1 basis


A 5:1 share consolidation occurred on 10 Aug 99. Historical figures have been adjusted.

1999-07-23

Rainbow receives shareholder approval


Rainbow announced that approval has been received for it to consolidate its shares on a 5 for 1 basis. The listing of the consolidated shares will commence on 10/8/99.

1999-06-03

Rainbow outsources its transport operations


Rainbow will outsource its entire transport operations, including vehicles, depots and workshops, to Unitrans Freight. This five year contract should improve efficiencies through improved scheduling, reduced mortality rates and reduced plant down time.

1997-11-07

Proposed voluntary liquidation and delisting of Hu


Proposed voluntary liquidation and delisting of Huntcor. Huntcor ordinary
shareholders will receive 198.6 HLH ords for every 100 Huntcor held. Huntcor
preference shareholders will receive 200.2 HLH prefs for every 100 Huntcor
held. HLH will acquire the entire pref capital of Rainbow and convert the prefs
to ords. HLH will then distribute its entire Rainbow holding to shareholders in
the ratio 362.6 Rainbows for every 100 HLH ords or prefs held. LDR 05/12/97.
Huntcor will be delisted on 28/11/97.