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RCL FOODS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/004972/06) ISIN: ZAE000179438 Share code: RCL (“RCL FOODS” or “the Company”) FULFILMENT OF CONDITIONS PRECEDENT AND IMPLEMENTATION OF THE DISPOSAL OF RCL FOODS’ SHAREHOLDING IN VECTOR LOGISTICS Shareholders are referred to the category 2 transaction announcement released by RCL FOODS on the JSE Stock Exchange News Service on Wednesday, 29 March 2023 (“Category 2 Announcement”). All capitalised terms used but not defined in this announcement shall bear the meanings ascribed to them in the Category 2 Announcement. In terms of the Category 2 Announcement, Shareholders were advised that the Company had concluded a binding agreement regarding the acquisition of all the ordinary shares of Vector Logistics by EMIF II Investment (Pty) Ltd, a South African investment vehicle ultimately wholly-owned by A.P. Møller Capital – Emerging Markets Infrastructure Fund II K/S. Shareholders are advised that all Conditions Precedent have been fulfilled and, accordingly, the Disposal was implemented on Monday, 28 August 2023. Durban 29 August 2023 Financial adviser and Transaction Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Attorneys Webber Wentzel and Baker McKenzie
