Alibaba acquisition agreement becomes unconditional

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 2 November 2015 regarding the acquisition by the Company’s wholly-owned subsidiary, Rhodes Food Group Proprietary Limited, of the business assets of Alibaba (the “Acquisition”), which was subject to the fulfillment of certain conditions precedent (“Acquisition Announcement”).

Further to the Acquisition Announcement, the Company’s board of directors is pleased to advise that all conditions precedent have been fulfilled and the Acquisition has become unconditional. The effective date of the Acquisition is 1 February 2016.