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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")
FURTHER UPDATE REGARDING THE UNWIND OF EXISTING BEE TRANSACTION
Terms defined in the circular distributed by the Company to shareholders on 14 November 2022 ("Circular") have been
used in this announcement.
1. INTRODUCTION
Shareholders are referred to the announcements released on SENS on 13 October 2022, 14 November 2022
and 17 January 2023 and to the Circular, incorporating a Notice of General Meeting, distributed to Shareholders
on 14 November 2022 regarding the Unwind of the Existing BEE Transaction by way of, inter alia, the Common
Share Repurchase and the Nominal Share Repurchase, in accordance with section 48(8)(b) read with sections
114(1) and 115, of the Companies Act and the provisions of the Framework Agreement. Shareholders are further
referred to the results of the General Meeting, announced on SENS on 13 December 2022.
2. REPURCHASE CONDITIONS
As set out in the Circular, the dates for fulfilment of the Repurchase Conditions may be extended by RCL FOODS,
from time to time. Shareholders are hereby advised that the date for fulfilment of the Repurchase Condition
envisaged in paragraph 8.1.1 of the Circular, pertaining to the compliance certificate to be issued by the TRP in
terms of section 121(b) of the Companies Act, has been extended from Friday, 20 January 2023 to Tuesday, 7
February 2023.
3. DIRECTORS’ RESPONSIBILITY STATEMENTS
3.1 Board
The Board, collectively and individually, accepts full responsibility for the information contained in this announcement
and the accuracy thereof and certifies that, to the best of its knowledge and belief, information contained in this
announcement is true, and that there are no facts that have been omitted which would make any of the information
false or misleading or would be likely to affect the importance of any information contained in this announcement.
3.2 Independent Board
The Independent Board, collectively and individually, accepts full responsibility for the accuracy of the information
contained in this announcement and certifies that, to the best of its knowledge and belief, such information is true
and that there are no facts that have been omitted which would make any of the information false or misleading or
would be likely to affect the importance of any information contained in this announcement.
Durban
20 January 2023
Financial Adviser and Transaction Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys
Webber Wentzel
