RAINBOW CHICKEN LIMITED - JSE...2013/07/15 · CORPORATE INFORMATION AND ADVISORS Registered office and business address Rainbow Chicken Limited One The Boulevard Westway Office Park

Merchant bank and sponsor

RAINBOW CHICKEN LIMITEDIncorporated in the Republic of South Africa

(Registration number 1966/004972/06)Share code: RBW ISIN: ZAE000019063

(“RCL” or “the Company”)

Circular to shareholders

relating to:

– the proposed change of name of the Company from Rainbow Chicken Limited to RCL Foods Limited, and the corresponding amendment to the Company’s memorandum of incorporation

including:

– a notice of general meeting;

– a form of proxy (blue) (for use by certificated and dematerialised shareholders with “own name” registration only); and

– a form of surrender (pink) (for use by certificated shareholders only).

Date of issue: Wednesday, 3 July 2013

CORPORATE INFORMATION AND ADVISORS

Registered office and business address

Rainbow Chicken LimitedOne The BoulevardWestway Office ParkWestville, 3629(PO Box 2734, Westway Office Park, 3635)

Company secretary

JMJ MaherOne The BoulevardWestway Office ParkWestville, 3629(PO Box 2734, Westway Office Park, 3635)

Merchant bank and sponsor to RCL

Rand Merchant Bank(A division of FirstRand Bank Limited)1 Merchant PlaceCorner Fredman Drive and Rivonia RoadSandton, 2196(PO Box 786273, Sandton, 2146)

Transfer secretaries

Computershare Investor Services Proprietary Limited70 Marshall StreetJohannesburg, 2001(PO Box 61051, Marshalltown, 2107

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TABLE OF CONTENTS

Page

Corporate information and advisors Insidefrontcover

Action required by shareholders 2

Important dates and times 4

Definitions 5

Circular to shareholders

1. Introduction 7

2. Proposednamechangeandrationale 7

3. Generalmeeting 7

4. Procedureforthesurrenderofdocumentsoftitle 8

5. ExchangeControlRegulations 8

6. Opinionoftheboard 9

7. Directors’responsibilitystatement 9

8. Consents 9

9. Documentsavailableforinspection 9

Notice of general meeting 10

Form of proxy (blue) (for use by certificated and dematerialised shareholders with “own name” registration only) Attached

Form of surrender (pink) (for use by certificated shareholders only) Attached

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ACTION REQUIRED BY SHAREHOLDERS

This circular is important and requires your immediate attention

Ifyouareinanydoubtastowhatactiontotake,pleaseconsultyourstockbroker,CSDP,banker,attorney,accountant,orotherprofessionaladvisorimmediately.IfyouhavedisposedofallyoursharesinRCL,pleaseforwardthiscirculartothepersontowhomyoudisposedofsuchsharesorthestockbroker,CSDP,bankerorotheragentthroughwhomyoudisposedofsuchshares.

RCL shareholders are invited to attend the general meeting at which the special resolution (number 1)regardingthechangeofnamewillbeproposed.Thedefinitionscommencingonpage5ofthiscircularapplymutatismutandistothissection.

Please take note of the following provisions regarding the action required by RCL shareholders:

Ageneralmeetingofshareholderswillbeheldat11:00onFriday,2August2013attheCompany’sregisteredoffice,OneTheBoulevard,WestwayOfficePark,Westville,Durban.

1. If you have dematerialised your shares without “own name” registration:

Voting at the general meeting

YourCSDP/brokershouldcontactyoutoascertainhowyouwishtocastyourvoteatthegeneralmeetingandthereaftertocastyourvoteinaccordancewithyourinstructions.

Ifyouhavenotbeencontacted,itwouldbeadvisableforyoutocontactyourCSDP/brokerandfurnishitwithyourvotinginstructions.

IfyourCSDP/brokerdoesnotobtainvotinginstructionsfromyou,itwillbeobligedtovoteinaccordancewiththeinstructionscontainedintheagreementconcludedbetweenyouandyourCSDP/broker.

Youmustnot completetheattachedformofproxy(blue).

Attendance and representation at the general meeting

In accordance with the agreement between you and your CSDP/broker, you must advise your CSDP/brokerifyouwishtoattendthegeneralmeetinginpersonorifyouwishtosendaproxytorepresentyouatthegeneralmeetingandyourCSDP/brokerwillissuethenecessaryletterofrepresentationforyouoryourproxytoattendthegeneralmeeting.

Surrender of documents of title (applicable to certificated shareholders only).

2. If you have not dematerialised your shares or have dematerialised your shares with “own name” registration:

Voting, attendance and representation at the general meeting

Youmayattendandvoteatthegeneralmeetinginperson.

Alternatively, you may appoint a proxy to represent you at the general meeting by completing theattachedformofproxy(blue)inaccordancewiththeinstructionstherein,whichformmustbelodgedwithorpostedtothetransfersecretariestobereceivedbynolaterthan11:00 on31July2013.

Certificatedshareholdersmustcompletetheformofsurrender(pink)attachedheretoandlodgeitwiththe transfer secretaries. Dematerialised shareholders do not need to do anything with regard to thechangeofnameasthiswillbeautomaticallyupdatedbytheirCSDPorbroker.

Subject toregistrationof thespecialresolutionrelatingto thechangeofnamewith theCommission,new share certificates reflecting the new name of the Company will be posted on or about Monday,9 September2013byregisteredmailtothecertificatedresidentshareholders;andinthecaseofnon-resident and emigrant certificated shareholders, to the authorised foreign exchange dealer in SouthAfricanominatedbysuchshareholders,attheirownrisk,whohavesurrenderedtheirdocumentsoftitlebytherecorddate,orwithinfivebusinessdaysofreceiptoftheexistingdocumentsoftitle,whicheveristhelater.IntheeventthatthechangeofnameisnotregisteredbytheCommission,thentheexistingdocumentsoftitlewillbereturnedbyregisteredmailtocertificatedshareholders,attheirownrisk,onorabout9September2013.

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Certificated shareholders should be aware that share certificates are no longer accepted as tradeableinstruments on the JSE. Certificated shareholders are therefore urged to take this opportunity todematerialisetheirsharecertificatesaspertherequirementsofStrate.

Ifanyexistingdocumentsoftitlehavebeenlostordestroyedandthecertificatedshareholderprovidesevidencetothiseffecttothesatisfactionofthedirectors,thenRCLmaydispensewiththesurrenderofsuchdocumentsoftitleagainstprovisionofanacceptableindemnity.

Receiptswill not be issued for the surrender of existingdocuments of title. Lodgingagentswho requirespecialtransactionreceiptsarerequestedtopreparesuchreceiptsandsubmitthemforstampingtogetherwiththedocumentsoftitlelodged.

ThiscircularisavailableinEnglishonly.CopiesmaybeobtainedfromtheregisteredofficeoftheCompanyandthetransfersecretariesattheaddressessetoutabove.

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IMPORTANT DATES AND TIMES

2013

DetailsofgeneralmeetinganddeclarationofchangeofnameannouncementreleasedonSENSon Wednesday,3July

Detailsofgeneralmeetinganddeclarationofnamechangepublishedinthepresson Thursday,4July

Lastdaytotradetobeentitledtoattendandvoteatthegeneralmeeting Friday,19July

Recorddatetodeterminewhichshareholdersareentitledtoattendandvoteatthegeneralmeeting Friday,26July

Lastdaytolodgeformsofproxywiththetransfersecretariestovoteatthegeneralmeetingby11:00on Wednesday,31July

Generalmeetingofshareholderstobeheldat11:00on Friday,2August

ResultsofgeneralmeetingannouncementreleasedonSENSon Friday,2August

Resultsofgeneralmeetingpublishedinthepresson Monday,5August

Finalisationdate Friday,23August

AnnouncementconfirmingthatthenamechangehasbecomeeffectivereleasedonSENSbynolaterthan11:00on Friday,23August

Announcementconfirmingthatthenamechangehasbecomeeffectivepublishedinthepresson Monday,26August

Lastdaytotradeundertheoldname“RainbowChickenLimited” Friday,30August

Tradeunderthenewname“RCL Foods Limited”underthenewJSEsharecode“RCL”,abbreviatedname“RCL”andnewISINZAE000179438fromcommencementoftradingon Monday,2September

Recorddateinrespectofthenamechange Friday,6September

Newsharecertificatesreflectingthechangeofnamepostedbyregisteredposttocertificatedshareholderswhohavesurrenderedtheirdocumentsoftitleonorbefore12:00ontherecorddate(seenote2)orwithinfivedaysofsurrenderthereofifreceivedafter12:00ontherecorddate,onorabout Monday,9September

Dematerialisedshareholders’accountsupdatedwiththenamechangebytheirCSDP/broker Monday,9September

Notes

1. Thedatesand timesprovided for in this circularare subject to amendment.Anymaterial amendmentwill bepublishedonSENS.ShareholderswillnotbeabletodematerialiseorrematerialisesecuritiesinthenameofRCLafterFriday,30August2013.

2. Certificatedshareholderswhosurrendertheirexistingdocumentsof titleafter12:00ontherecorddate,willhavetheirnewsharecertificatesmailedwithinfivebusinessdaysofreceiptthereofbythetransfersecretaries,byregisteredpostinSouthAfrica,attheriskoftheshareholderconcerned.

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DEFINITIONS

Inthiscircular,unlessotherwisestatedorthecontextsorequires,thewordsinthefirstcolumnshallhavethemeaningsstatedoppositetotheminthesecondcolumn,referencetothesingularshallincludethepluralandviceversa,wordsdenotingonegenderincludetheotherandwordsandexpressionsdenotingnaturalpersonsincludejuristicpersonsandassociationsofpersons:

“Act”or“CompaniesAct” theCompaniesAct,No71of2008,asamended;

“certificatedshareholders” shareholders who have not dematerialised their shares throughStrate;

“changeofname”or“namechange” theproposedchangeofnameoftheCompanyfromRainbowChickenLimited to RCL Foods Limited, under the new JSE share code“RCL”,abbreviatedname“RCL”andnewISINZAE000179438inthe“Consumer–Food&Beverages–FoodProducers”sectoroftheJSE;

“circular”or“document” this circular to shareholders dated 3 July 2013, incorporatinganoticeofgeneralmeeting,a formofproxy (blue)anda formofsurrender(pink);

“Commission” the Companies and Intellectual Property Commission establishedin termsofsection185oftheAct;

“commonmonetaryarea” South Africa, the Kingdoms of Swaziland and Lesotho and theRepublicofNamibia;

“dematerialisedshareholders” shareholderswhoholddematerialisedshares;

“dematerialisedshares” sharesthathavebeenthroughthedematerialisationprocess;

“dematerialised”or“dematerialisation” the process by which certificated securities are converted to orheld in electronic form as uncertificated securities and recordedinasub-registerofsecurityholdersmaintainedbyaCSDP;

“documentsoftitle” sharecertificates, certified transferdeeds,balancereceiptsoranyother physical documents of title to shares which have not beendematerialisedthroughStrate,whichareacceptabletoRCL;

“FMA” theFinancialMarketsAct,19of2012;

“generalmeeting” thegeneralmeetingofshareholderstobeheldat11:00onFriday,2 August2013attheCompany’sregisteredoffice,OneTheBoulevard,WestwayOfficePark,Westville,Durban;

“Group” collectively,RCLanditssubsidiaries;

“JSE” thesecuritiesexchangeoperatedbytheJSELimited;

“JSELimited” JSE Limited, (registration number 2005/022939/06), a publiccompany duly registered and incorporated with limited liabilityunderthecompanylawsofSouthAfrica,licensedtooperateasanexchangeundertheFMA;

“lastpracticabledate” the last practicable date prior to the finalisation of this circular,beingThursday,27June2013;

“ListingsRequirements” theJSELimitedListingsRequirements,asamended;

“memorandum”or“MOI” thememorandumofincorporationofRCL;

“ownnameregistration” theregistrationofdematerialisedsharesinthenameofthebeneficialowner thereof (as opposed to in the name of a nominee for thebeneficial owner) in a sub-register of security holders maintainedbyaCSDP;

“participant” aparticipant,beingaparticipantasdefinedinsection1oftheFMA;

“Rand”or“R”or“cents” SouthAfricanRandandcents,theofficialcurrencyofSouthAfrica;

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“RCL”or“theCompany” Rainbow Chicken Limited (registration number 1966/004972/06),a public company duly registered and incorporated with limitedliabilityunderthecompanylawsofSouthAfricaandlistedontheJSE;

“SENS” theStockExchangeNewsServiceoftheJSE;

“shareholders”or“RCLshareholders” registeredholdersofRCLshares;

“shares”or“RCLshares” ordinarysharesofnoparvalueintheissuedsharecapitalofRCL;

“SouthAfrica” theRepublicofSouthAfrica;

“SouthAfricanExchangeControlRegulations”

the Exchange Control Regulations in terms of section 9 of theCurrencyandExchangesAct,No9of1933,asamended;

“specialresolution” thespecialresolutiontobeproposedatthegeneralmeetinginordertoeffectthenamechange;

“Strate” Strate Limited, a registered central securities depository licensedin termsoftheFMA;and

“transfersecretaries” ComputershareInvestorServicesProprietaryLimited(registrationnumber 2004/003647/07), a private company duly registered andincorporatedwithlimitedliabilityunderthecompanylawsofSouthAfrica.

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RAINBOW CHICKEN LIMITEDIncorporatedintheRepublicofSouthAfrica

(Registrationnumber1966/004972/06)Sharecode:RBW ISIN:ZAE000019063

(“RCL”or“theCompany”)

DirectorsJJDurand(Chairman)*MDally(ChiefExecutiveOfficer)RHField(ChiefFinancialOfficer)HJCarse*PRLouw*JBMagwaza*GCZondi*MGriessel*†NPMageza*†MMNhlanhla*†RVSmither*†

†Independent*Non-executive

CIRCULAR TO RAINBOW CHICKEN LIMITED SHAREHOLDERS

1. INTRODUCTION

ThepurposeofthiscircularistoprovideshareholderswithrelevantinformationrelatingtotheCompany’sproposednamechangefrom“RainbowChickenLimited”to“RCLFoodsLimited”aswellastheactionrequiredbyshareholders.

2. PROPOSED NAME CHANgE AND RATIONALE

TheboardproposeschangingthenameoftheCompanyto“RCLFoodsLimited”asitbelievesthat,postcompletionoftheCompany’sacquisitionofacontrollinginterestinFoodcorpProprietaryLimited,theproposednewnamewillbetterreflect theCompany’sstrategicvisionasaconsumerfocusedbusinessthataddsvalueforconsumersandcustomersthroughitsrangeofmarketleadingbrands.Followingtheproposednamechange,theCompany’snamewillbettercorrespondwiththevarioustrademarksownedandtobeownedbytheGroupaswellasaffordtheCompanywithaneutral identifierfromwhichtoexplorestrategicinvestmentsgoingforward.

Ifapprovedbyshareholders,itisanticipatedthatthenamechangewillbecomeeffective(onthedatesetoutintheamendedregistrationcertificateissuedbytheCommissionascontemplatedinsection16(9)oftheCompaniesAct)andontheJSEwitheffectfromthecommencementoftradeon2September2013underthenewname“RCLFoodsLimited”,underthenewJSEsharecode“RCL”,abbreviatedname“RCL”andnewISINZAE000179438inthe“Consumer–Food&Beverages–FoodProducers”sectoroftheJSE.TheCommissionhasreservedtheproposednewname,“RCLFoodsLimited”.

3. gENERAL MEETINg

Atthegeneralmeeting,shareholderswillberequestedtoconsiderand,ifdeemedfit,topass,withorwithoutmodification,thespecialresolutionto implementthenamechange.Thenoticeconveningthegeneralmeetingisattachedtothiscircular.

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3.1 Aformofproxy(blue),forusebythosecertificatedanddematerialisedshareholderswith“ownname”registrationwhoareunabletoattendthegeneralmeeting,butwishtoberepresentedthereat,isattachedtoandformspartofthiscircular.Dulycompletedformsofproxymustbereceivedbythetransfersecretaries(seecontactdetailsbelow)bynolaterthan11:00on31July2013orhandedtothechairmanofthegeneralmeetingbeforetheappointedproxyexercisesanyoftherelevantshareholder’srightsatthegeneralmeeting.

3.2 Dematerialisedshareholderswithout“ownname”registrationmusttimeouslyadvisetheirCSDPorbrokeriftheywishtoattendandvoteatthegeneralmeeting,inorderfortheCSDPorbrokertoprovidethemwiththenecessaryletterofrepresentationtodoso.Suchshareholdersmustalsotimeouslyprovide theirCSDPor brokerwith their voting instruction in order for theCSDPorbrokertovoteinaccordancewiththeirinstructionatthegeneralmeeting.

4. PROCEDURE FOR THE SURRENDER OF DOCUMENTS OF TITLE IN RESPECT OF THE NAME CHANgE

Certificated shareholders must complete the attached form of surrender (pink) and lodge it with thetransfersecretaries.

SubjecttotheissuebytheCommissionofanamendedregistrationcertificateintermsofsection16(9)oftheCompaniesActrelatingtothechangeofname,newsharecertificatesreflectingthenewnameoftheCompanywillbeposted,byregisteredmail,onorabout9September2013tocertificatedresidentshareholdersand,inthecaseofnon-residentandemigrantcertificatedshareholders,totheauthorisedforeignexchangedealerinSouthAfricanominatedbysuchshareholders,attheirownrisk,whohavesurrenderedtheirdocumentsoftitleby12:00ontherecorddate,orwithinfivebusinessdaysofreceiptoftheexistingdocumentsoftitlewhereshareholdershavesurrenderedtheirdocumentsoftitle,whicheveristhelater.

In theevent that thespecial resolution toapprove thechangeofname isnotpassedby therequisitemajorityofshareholdersatthegeneralmeeting,ortheCommissiondoesnotissueanamendedregistrationcertificateascontemplatedinsection16(9)oftheCompaniesActrelatingtothenamechange,existingdocuments of title will be returned, by registered mail, on or about 9 September 2013 to certificatedresident shareholders and, in the case of non-resident and emigrant certificated shareholders, to theauthorisedforeignexchangedealerinSouthAfricanominatedbysuchshareholders,attheirownrisk.

Ifanyexistingdocumentsoftitlehavebeenlostordestroyedandthecertificatedshareholderprovidesevidencetothiseffecttothesatisfactionofthedirectors,thenRCLmaydispensewiththesurrenderofsuchdocumentsoftitleagainstprovisionofanacceptableindemnity.

Receiptswillnotbeissuedforthesurrenderofexistingdocumentsoftitle.Lodgingagentswhorequirespecialtransactionreceiptsarerequestedtopreparesuchreceiptsandsubmitthemforstampingtogetherwiththedocumentsoftitlelodged.

5. ExCHANgE CONTROL REgULATIONS

InthecaseofcertificatedshareholderswhoseregisteredaddressesareoutsidethecommonmonetaryareaorwherethesharecertificatesarerestrictivelyendorsedintermsoftheSouthAfricanExchangeControlRegulations,thefollowingwillapply:

5.1 Non-residents who are emigrants from the common monetary area

Sharecertificatesbearingthenewnamewillberestrictivelyendorsed“non-resident”intermsoftheSouthAfricanExchangeControlRegulationsandwillbesenttotheshareholder’sauthorisedforeignexchangedealer inSouthAfricathatcontrolshisblockedassets inaccordancewiththeproceduresetoutinparagraph4above.

5.2 All other non-residents

Sharecertificatesbearingthenewnamewillberestrictivelyendorsed“non-resident”intermsoftheSouthAfricanExchangeControlRegulationsandwillbesenttotheshareholder’sauthorisedforeignexchangedealer inSouthAfricanominatedbythenon-residentortothepostaladdressnominatedbythenon-residentinaccordancewiththeproceduresetoutinparagraph4above.

With regard to emigrant and non-resident dematerialised shareholders, their share accounts will beautomaticallyupdatedwiththenamechangebytheirCSDP/brokeron9September2013.

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6. OPINION OF THE BOARD

Theboard isof theopinionthat, for thereasonsstipulated inparagraph2of thiscircular, thenamechangeisinthebestinterestoftheCompanyandthatitcorrespondswiththecorporatebrandingandregisteredtrademarksregisteredandheldbytheGroup.

7. DIRECTORS’ RESPONSIBILITY STATEMENT

ThedirectorsofRCL,appointedasatthelastpracticabledate,whosenamesappearonpage7ofthiscircular,collectivelyandindividuallyacceptfullresponsibilityfortheaccuracyoftheinformationgiveninthiscircular,andcertifythattothebestoftheirknowledgeandbelieftherearenofactsthathavebeenomittedwhichwouldmakeanystatementfalseormisleading,andthatallreasonableenquiriestoascertainsuchfactshavebeenmade,andthatthiscircularcontainsallinformationrequiredbytheJSEListingsRequirements.

8. CONSENTS

Themerchantbankandsponsor,andthetransfersecretarieshaveconsented,inwriting,toactinthecapacitiesstatedandtotheirnamesbeingusedinthiscircular,andhavenotwithdrawntheirconsentspriortothepublicationofthiscircular.

9. DOCUMENTS AVAILABLE FOR INSPECTION

CopiesofthefollowingdocumentswillbeavailableforinspectionattheCompany’sregisteredofficeorattheofficeofthetransfersecretaries,whoseaddressesarenotedontheinsidefrontcover,duringnormalbusinesshours,fromthedateofissueofthiscircularuntilthedateofthegeneralmeeting:

– theCompany’sandits’subsidiaryMOIs;

– thelettersofconsentreceivedfromthemerchantbankandsponsor,andthetransfersecretaries;and

– asignedcopyofthiscircular.

Forandonbehalfoftheboard

JMJ MaherCompanysecretary

Durban3July2013

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NOTICE OF gENERAL MEETINg

Thedefinitionscommencingonpage5ofthecircular,towhichthisnoticeofgeneralmeetingisattached,applytothisnoticeofgeneralmeeting.

Notice is hereby given that a general meeting of shareholders of RCL 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,forthepurposeofconsideringand,ifdeemedfit,passing,withorwithoutmodification,theordinaryandspecialresolutionssetoutinthisnotice.

SPECIAL RESOLUTION NUMBER 1: APPROVAL OF NAME CHANgE

“RESOLVED THAT, in accordance with section 16(1)(c) as read with section 16(5)(b)(i) of the CompaniesAct,theCompany’sMOIbeandisherebyamendedtogiveeffecttothechangeoftheCompany’snamefrom“RainbowChickenLimited”to“RCLFoodsLimited”.”

Thepercentageofvotingrightsthatwillberequiredforthisspecialresolutiontobeadoptedis75%ofthevotesexercisedontheresolution.

Explanatory note in respect of special resolution number 1

Thereasonforspecialresolutionnumber1isthattheboardbelievesthatpostcompletionoftheCompany’sacquisition of a controlling interest in Foodcorp Proprietary Limited, the proposed new name will betterreflect theCompany’sstrategicvisionasaconsumerfocusedbusinessthataddsvalueforconsumersandcustomersthroughitsrangeofmarketleadingbrands.Followingtheproposednamechange,theCompany’snamewillbettercorrespondwiththevarioustrademarksownedandtobeownedbytheGroupaswellasaffordtheCompanywithaneutralidentifierfromwhichtoexplorestrategicinvestmentsgoingforward.

Intermsofsection16(5)(b)(i)oftheCompany’sAct,theCompany’sMOImustbeamendedinordertogiveeffect toaCompany’snamechange.Theeffectofspecialresolutionnumber1 is toamendtheCompany’smemorandumofincorporationaccordingly.

ORDINARY RESOLUTION NUMBER 1: AUTHORITY TO DIRECTORS AND COMPANY SECRETARY TO IMPLEMENT THE NAME CHANgE

“RESOLVED,asanordinaryresolutionthat,subjecttothepassingofspecialresolutionnumber1proposedatthemeetingatwhichthisordinaryresolutionwillbeconsidered,anydirectoroftheCompanyorthecompanysecretarybeandareherebyauthorisedandempoweredtodoallsuchthings,signallsuchdocumentsandprocurethedoingofallsuchthingsandthesignatureofallsuchdocuments,asmaybenecessaryorincidentaltogiveeffecttothematterscontemplatedinsuchspecialresolution.”

NOTES TO THE NOTICE OF gENERAL MEETINg

Record date

Therecorddateintermsofsection59oftheCompaniesActforshareholderstoberecordedontheshareholders’registeroftheCompanyinorderto:

• receivenoticeofthegeneralmeetingis28June2013;and

• attend,participateandvoteatthegeneralmeeting,is26July2013andaccordingly,thelastdaytotradeinordertobeeligibletovoteatthegeneralmeetingis19July2013.

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Voting and proxies

Shareholders are reminded that:

• a shareholder entitled to attend and vote at the general meeting is entitled to appoint a proxy (or more than one proxy) to attend, participate in and vote at the general meeting in place of the shareholder, and shareholders are referred to the attached form of proxy (blue);

• a proxy need not also be a shareholder of the Company; and

• in terms of section 63(1) of the Companies Act, any person attending or participating in a meeting of shareholders must present reasonably satisfactory identification, and the person presiding at the general meeting must be reasonably satisfied that the right of any person to participate in and vote (whether as shareholder or as proxy for a shareholder) has been reasonably verified.

Certificatedshareholdersanddematerialisedshareholderswith“ownname”registrationwhoareunabletoattendthegeneralmeetingandwhowishtoberepresentedatthemeeting,mustcompleteandreturntheattachedformofproxy(blue)inaccordancewiththeinstructionscontainedtherein,soastobereceivedbythetransfersecretaries,ComputershareInvestorServicesProprietaryLimited,70MarshallStreet,Johannesburg,2001(POBox61051,Marshalltown,2107)bynolaterthan11:00on31July2013orhandedtothechairmanofthegeneralmeetingbeforetheappointedproxyexercisesanyoftherelevantshareholder’srightsatthegeneralmeeting(oranyadjournmentofthegeneralmeeting).

Dematerialisedshareholderswithout “ownname”registrationwhowish toattend thegeneralmeeting inperson should request their CSDP or broker to provide them with the necessary letter of representationin accordance with the relevant custody agreement. Dematerialised shareholders without “own name”registrationwhodonotwishtoattendthegeneralmeeting,butwishtoberepresentedatthegeneralmeeting,mustadvisetheirCSDPorbrokeroftheirvotinginstructions.SuchshareholdersshouldcontacttheirCSDPorbrokerwithregardtothecut-offtimefortheirvotinginstructions.

Byorderoftheboard

JMJ MaherCompanysecretary

Durban3July2013

12 PRINTEDBYINCE(PTY)LTD REF.W2CF16286




FORM OF PROxY (FOR USE BY CERTIFICATED AND “OWN NAME” DEMATERIALISED SHAREHOLDERS ONLY)

For use by certificated shareholders and dematerialised shareholders with “own name” registration only, at the general meeting ofshareholdersoftheCompanytobeheldat11:00onFriday2August2013attheCompany’sregisteredoffice,OneTheBoulevard,WestwayOfficePark,Westville,Durban.

Dematerialisedshareholderswithout“ownname”registrationmustinformtheirCSDPorbrokeroftheirintentiontoattendthegeneralmeeting,andrequesttheirCSDPorbrokertoissuethemwiththenecessaryletterofrepresentationtoattendthegeneralmeetinginpersonandvote,orprovidetheirCSDPorbrokerwiththeirvoting instructionsshouldtheynotwishtoattendthegeneralmeeting inperson.These shareholdersmustnotusethisformofproxy.

I/We

(FullnamesinBLOCKLETTERS)

of

(address)

beingtheholdersof ordinarysharesinthecapitaloftheCompanydoherebyappoint(seenote):

1. orfailinghim/her;

2. orfailinghim/her;

3. thechairpersonofthegeneralmeeting,

asmy/ourproxytoactforme/usatthegeneralmeetingforpurposesofconsideringand,ifdeemedfit,passing,withorwithoutmodification,the resolutions to be proposed thereat and at each adjournment thereof; and to abstain from voting for and/or against the resolutionsin respectoftheordinarysharesregisteredinmy/ournameinaccordancewiththefollowinginstructions:

For Against Abstain

Special resolution number 1:Approvalofnamechange

Ordinary resolution number 1:Authoritytodirectorsandcompanysecretarytoimplementthenamechange

Signedat on 2013

Signature

Assistedby(ifapplicable)

Telephonenumber

Cellphonenumber

Eachshareholderisentitledtoappointoneormoreproxies(whoneednotbeashareholderoftheCompany)toattend,speakandvoteinplaceofthatshareholderatthemeeting.

Incompliancewiththeprovisionsofsection58(8)(b)(i)oftheCompaniesAct,asummaryoftherightsofashareholdertoberepresentedby proxy,assetoutinsection58oftheCompaniesAct,issetoutbelow:

Notes

1. Theformofproxymustonlybeusedbycertificatedshareholdersordematerialisedshareholderswith“ownname”registration.

2. ShareholdersareremindedthattheonusisonthemtocommunicatewiththeirCSDPorbroker.

3. Ashareholderentitledtoattendandvoteatthegeneralmeetingmayappointanyindividual(ortwoormoreindividuals)asaproxyorproxiestoattend,participateinandvoteatthegeneralmeetingintheplaceoftheshareholder.AproxyneednotbeashareholderoftheCompany.Ashareholdermayinsertthenameofaproxyorthenamesoftwoalternativeproxiesoftheshareholder’schoiceinthespaceprovided,withorwithoutdeleting“thechairpersonofthegeneralmeeting”.Thepersonwhosenamestandsfirstontheformofproxyandwhoispresentatthemeetingwillbeentitledtoactasproxytotheexclusionofthosewhosenamesfollow.

4. Ashareholderisentitledtoonevoteonashowofhandsand,onapoll,onevoteinrespectofeachshareheld.Ashareholder’sinstructionstotheproxymustbeindicatedbyinsertingtherelevantnumberofvotesexercisablebytheshareholderintheappropriatebox(es).Failuretocomplywiththiswillbedeemedtoauthorisetheproxytovoteortoabstainfromvotingatthegeneralmeetingashe/shedeemsfitin respectofalltheshareholder’svotes.

5. Avotegiven in termsofan instrumentofproxyshallbevalid inrelation to thegeneralmeetingnotwithstanding thedeathof thepersongrantingit,ortherevocationoftheproxy,orthetransferoftheordinarysharesinrespectofwhichthevoteisgiven,unlessanintimationinwritingofsuchdeath,revocationortransferisreceivedbythetransfersecretariesnotlessthan48hoursbeforethecommencementofthegeneralmeeting.

6. Ifashareholderdoesnotindicateonthisformthathis/herproxyistovoteinfavouroforagainstanyresolutionortoabstainfromvoting,orgivescontradictoryinstructions,orshouldanyfurtherresolution(s)oranyamendment(s)whichmayproperlybeputbeforethegeneralmeetingbeproposed,theproxyshallbeentitledtovoteashe/shethinksfit.

7. The chairperson of the general meeting may reject or accept any form of proxy which is completed and/or received other than incompliancewiththesenotes.

8. Thecompletionandlodgingofthisformofproxywillnotprecludetherelevantshareholderfromattendingthegeneralmeetingandspeakingandvotinginpersonthereattotheexclusionofanyproxyappointedintermshereof,shouldsuchshareholderwishtodoso.

9. Documentaryevidenceestablishingtheauthorityofapersonsigningtheformofproxyinarepresentativecapacitymustbeattachedtothisformofproxy,unlesspreviouslyrecordedbytheCompanyorunlessthisrequirementiswaivedbytheChairpersonofthegeneralmeeting.

10. Aminororanyotherpersonunderlegalincapacitymustbeassistedbyhis/herparentorguardian,asapplicable,unlesstherelevantdocumentsestablishingher/hercapacityareproducedorhavebeenregisteredbytheCompany.

11. Wheretherearejointholdersofordinaryshares:

(i) anyoneholdermaysigntheformofproxy;and

(ii) thevote(s)oftheseniorshareholders(forthatpurposesenioritywillbedeterminedbytheorderinwhichthenamesofshareholdersappearontheCompany’sregisterofshareholders)whotendersavote (whether inpersonorbyproxy)willbeacceptedto theexclusionofthevote(s)oftheotherjointshareholder(s).

12. FormsofproxyshouldbelodgedwithormailedtoComputershareInvestorServicesProprietaryLimited:

Hand deliveries to: Postal deliveries to:

ComputershareInvestorServicesProprietaryLimited ComputershareInvestorServicesProprietaryLimited70MarshallStreet POBox61051Johannesburg,2001 Marshalltown,2107

to be received by no later than 11:00 on 31 July 2013 (or 48 hours before any adjournment of the general meeting which date,if necessary, willbepublishedinthepress).

13. Anyalterationorcorrectionmadetothisformofproxy,otherthanthedeletionofalternatives,mustbeinitialledbythesignatory/ies.




FORM OF SURRENDER(for use by certificated shareholders only)

Please read the instructions overleaf. Non-compliance with these instructions may result in the rejection of this form. If you are in any doubt as to how to complete this form, please consult your broker, banker, attorney, accountant or other professional advisor.

To: RainbowChickenLimitedc/oComputershareInvestorServicesProprietaryLimitedPOBox61763,Marshalltown,2107(70MarshallStreet,Johannesburg,2001)

PART A – TO BE COMPLETED BY CERTIFICATED SHAREHOLDERS WHO ARE RESIDENTS OF THE COMMON MONETARY AREA

I/WeirrevocablyandinremsuamauthoriseyoutoproducethesignatureofsuchdocumentsthatmaybenecessarytocompletethereplacementoftheRCLshareswithsharesinthenewnameofRCL Foods Limited.

I/Weherebyinstructyoutoforwardthereplacementcertificate(s)tome/usbyregisteredpost,atmy/ourownrisk,totheaddressoverleafandconfirmthat,wherenoaddressisspecified,thesharecertificate(s)willbeforwardedtomy/ouraddressrecordedintheshareregisterofRCL.

My/oursignature(s)ontheformofsurrenderconstitutesmy/ourexecutionofthisinstruction.

Intermsoftheprovisionssetoutinparagraph4ofthecirculartowhichthisformisattachedandofwhichitformspart,I/wesurrenderandenclosetheundermentionedcertificates,conditionaluponthenamechangebeingimplemented:

Documents of title surrendered

Certificatenumber(s) NumberofRCLsharescoveredbyeachcertificate

Total

Title

Stampandaddressofagentlodgingthisform

(ifany)

Surname

Firstname(s)

Postaladdress towhichnewcertificatesshouldbesent (ifdifferent from theaddress recorded in theregister)

Signatureofshareholder

Assistedby(ifapplicable)

(Statefullnameandcapacity)

Date

Telephone(Home)

Telephone(Work)

Cellphonenumber

PART B – TO BE COMPLETED BY CERTIFICATED SHAREHOLDERS WHO ARE EMIgRANTS FROM OR NON-RESIDENTS OF THE COMMON MONETARY AREA

Nominatedauthoriseddealerinthecaseofashareholderwhoisanemigrantfromoranon-residentofthecommonmonetaryarea(seenote3below)

Nameofauthoriseddealer Accountnumber

Address

Postalcode

Notes

1. Aseparateformisrequiredforeachshareholder.

2. Noreceiptswillbeissuedforcertificateslodged,unlessspecificallyrequested.IncompliancewiththeJSEListingsRequirements,lodgingagentsarerequestedtopreparespecialtransactionreceipts,ifrequired.Signatoriesmaybecalleduponforevidenceoftheirauthorityorcapacitytosignthisform.

3. Personswhoseregisteredaddressesintheshareregisterareoutsidethecommonmonetaryarea,orwhosesharesarerestrictivelyendorsed,shouldnominateanauthoriseddealerinPartBofthisformasreferredtoinparagraph4ofthecirculartowhichthisformofsurrenderisattachedandofwhichitformspart.

4. Anyalterationtothisformofsurrendermustbesignedinfullandnotinitialled.

5. Ifthisformofsurrenderissignedunderapowerofattorney,thensuchpowerofattorney,oranotariallycertifiedcopythereof,mustbesentwiththisformfornoting(unlessithasalreadybeennotedbytheCompanyoritstransfersecretaries).

6. Wheretheshareholderisacompanyoraclosecorporation,unlessithasalreadybeenregisteredwiththe Company or its transfer secretaries, a certified copy of the directors’ or shareholders’ resolutionauthorisingthesigningofthisformofsurrendermustbesubmittedifsorequestedbytheCompany.

7. Note6abovedoesnotapplyintheeventofthisformbearingarecognisedJSEbroker’sstamp.

8. WheretherearejointholdersofanysharesintheCompany,onlythatholderwhosenamestandsfirstin theregisterinrespectofsuchsharesneedsignthisformofsurrender.