Enhanced Investments - Financial Portal

Voluntary announcement: Rainbow - Highly Pathogenic Avian Influenza outbreak communication

Published: 2023-09-28 10:02:19 ET

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


VOLUNTARY ANNOUNCEMENT: RAINBOW - HIGHLY PATHOGENIC AVIAN INFLUENZA
OUTBREAK COMMUNICATION


Shareholders are advised that the Company’s Rainbow business has
been impacted by the Highly Pathogenic Avian Influenza outbreak,
which is currently impacting the commercial poultry layer and
broiler industry. The outbreak has affected 11 of our 19 sites in
the Inland region, which is one of three regions in which this
business operates. The outbreak has moved at a rapid pace, and the
situation is constantly evolving. To date an estimated 410,000
birds have been culled, which has resulted in an estimated
financial impact of R115 million.
Rainbow is taking all necessary steps to contain the spread of the
virus, which includes working with the Department of Agriculture,
Land Reform and Rural Development to gain registration and approval
for suitable vaccines.
In addition, all things necessary are being done to efficiently
manage and mitigate supply chain disruptions, however it is
essential to acknowledge that there is tension in the supply chain.
Further updates will be provided as appropriate.


Durban
28 September 2023


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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.