Company secretary

All directors have access to the company secretary, who ensures that the board procedures and applicable rules and regulations are fully applied.

Information required for each board meeting is sent to directors timeously before each meeting to enable them to apprise themselves of the information and to consider Group information in terms of their statutory and fiduciary responsibility.

The closed periods for trading in the Group’s shares are maintained to prevent insider trading. No director, members of executive management or designated affected employees may trade, directly or indirectly, in Group shares during such closed period. Closed periods apply at least every six months from 15 March or 15 September, respectively, until publication of the interim or annual financial results on SENS.

In addition, directors, executive management and other affected employees are prohibited from trading in Pioneer Foods’ shares in any other price-sensitive period.

The company secretary alerts all directors and affected employees prior to the commencement of the closed period.

Outside such closed periods, all directors have obtained the necessary clearance to trade in Pioneer Foods’ shares, in accordance with the continuing obligations of the JSE Listings Requirements, in the 2009 financial year.