AAAP.L Regulatory News (AAAP)

ANGLO AFRICAN AGRICULTURE PLC - Operational update

PR Newswire

London, October 6

For Immediate Release

Anglo African Agriculture plc

("AAA" or the "Company")

Operational update

The Board of AAA is pleased to announce that its subsidiary, Dynamic Intertrade (Pty) Ltd (“Dynamic”), a food processing and trading operation based in Cape Town South Africa, has completed its Food Safety System Certification (“FSSC”) audit which was conducted by SGS between 16-18 September 2015. The SGS audit team has recommended that FSSC certification be granted. It is expected that issuance of the formal certificate will follow in due course.

Commissioning of Dynamic’s steam sterilizer is completed and Dynamic will soon start offering steam sterilized product to its customers. This will allow Dynamic to supply significantly more customers, particularly in the export market, which require these standards.

Trading over the last quarter has been below last year’s comparative period due to the impact of moving Dynamic’s operation from Brits to Cape Town and as a result of not having these capabilities which have become an industry requirement. The business is now in a much stronger position to grow its sales going forward. Export markets are also expected to open up as the devaluation of the Rand makes the South African cost base very attractive.

Andrew Monk, Chairman of AAA commented “FSSC certification and the commissioning of the steam steriliser are positive steps in the development of our food processing operation in Cape Town and allows us to open up new markets and new markets”.

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