RCL FOODS LIMITED - Voluntary trading statement year ended June 2025

Voluntary trading statement – year ended June 2025

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 TRADING STATEMENT – YEAR ENDED JUNE 2025

Shareholders of RCL FOODS are advised that it expects its headline
earnings per share ("HEPS") from total operations* for the year ended
29 June 2025 ("current period") to be between 150.0 cents (+5.6%) and
160.0 cents (+12.6%) when compared to the reported HEPS from total
operations of 142.1 cents for the year ended 30 June 2024
("comparative period"). Earnings per share ("EPS") from total
operations for the current period is expected to be between 175.0
cents (-4.1%) and 185.0 cents (+1.4%) when compared to the reported
EPS from total operations of 182.4 cents for the comparative period.

Underlying** HEPS from continuing operations are expected to be
between 140.0 cents (+9.6%) and 150.0 cents (+17.5%) when compared
to the reported underlying HEPS from continuing operations in the
comparative period of 127.7 cents. The slowdown in the rate of growth
from the first half of the current period was attributable to the
Sugar business unit's performance in the second half of the current
period being impacted by imports displacing local volumes as well as
the lower world sugar price. The Groceries and Baking business units
continued to perform well.

The Group's financial results for the current period are expected to
be released on SENS on 1 September 2025.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Group's external auditors
and is the responsibility of the directors.

Durban
7 August 2025

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

*Total operations includes both continuing and discontinued
 operations. Discontinued operations relates to the Vector Logistics
 and Rainbow segments. The Vector Logistics segment was disposed of
 during the comparative period and the Rainbow segment was unbundled
 on 1 July 2024. Continuing operations relates to the remaining RCL
 FOODS business, which comprises the Groceries, Baking, Sugar and
 Group (shared services) segments.

**The underlying view of the results excludes material once-offs and
  accounting adjustments.

Date: 07-08-2025 03:35:00
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