Dealings in securities by directors 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 In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Conditional shares vested and accepted in terms of the RCL Foods Limited Conditional Share Plan and subsequent disposal of vested shares: Director : M Dally Company : RCL Foods Limited Date of transaction : 14 December 2018 Nature of transaction : Off market vesting and acceptance of conditional shares Class of securities : Ordinary shares Number of conditional shares : 432,711 Value per share* : R16.82 Total value of transaction : R7,278,199.02 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 21 December 2018 Nature of transaction : Off market sale of securities Class of securities : Ordinary shares Number of securities : 432,711 Selling price per share : R14.8949 Total value of transaction : R6,445,187.07 Nature of interest : Direct beneficial Clearance obtained : Yes Director : R H Field Company : RCL Foods Limited Date of transaction : 14 December 2018 Nature of transaction : Off market vesting and acceptance of conditional shares Class of securities : Ordinary shares Number of conditional shares : 324,533 Value per share* : R16.82 Total value of transaction : R5,458,645.06 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 21 December 2018 Nature of transaction : Off market sale of securities Class of securities : Ordinary shares Number of securities : 150,000 Selling price per share : R14.8949 Total value of transaction : R2,234,235.00 Nature of interest : Direct beneficial Clearance obtained : Yes * 5 Day VWAP as at listing application date being 7 December 2018. Durban 21 December 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/12/2018 12:45:00 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.