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Directors dealing in securities and Anchor BEE Consortium status

1 July 2010

Shareholders are advised that, the Company was informed on 30 June 2010 that in terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited the following information relating to dealing in securities by directors of the Company be disclosed:

• Director: Mr. AR Martin (Non-Executive Director)
• Date: 30 June 2010
• Price: 275 cents per share
• Number of shares: 875,375
• Class: Ordinary shares
• Nature: Off-market purchase
• Total consideration: R2 407 281.25
• Extent of Directors` interest: INDIRECT - non beneficial

• Director: Mr. A Martin (Non-Executive Director)
• Date: 30 June 2010
• Price: 275 cents per share
• Number of shares: 9 770 000
• Class: Ordinary shares
• Nature: Single stock futures contract close out
• Total consideration: R26 867 500
• Extent of Directors` interest: INDIRECT - non beneficial

• Director: Mr. AR Martin (Non-Executive Director)
• Date: 30 June 2010
• Price: 275 cents per share
• Number of shares: 64 583 030
• Class: Ordinary shares
• Nature: Off-market sale
• Total consideration: R177 603 333
• Extent of Directors` interest: INDIRECT - non beneficial

• Director: Mr. B. Doig (Executive Director)
• Date: 30 June 2010
• Price: 260 cents per share
• Number of shares: 311 000
• Class: Ordinary shares
• Nature: Off-market sale
• Total consideration: R808 600
• Extent of Directors` interest: INDIRECT - non beneficial

Clearance has been received in terms of rule 3.66 of the JSE`s Listings Requirements in respect of the above transaction.

Dark Capital (Proprietary) Limited ("Dark Capital") is Petmin's preferred Black Economic Empowerment ("BEE") shareholder and the key member of the Petmin Anchor BEE Consortium.

Alwyn Martin (a Petmin non-executive director), and Heloise Mgcina (nee Martin) are directors of Dark Capital and have an indirect interest in Dark Capital. Raphael Martin is a co controlling shareholder of Dark Capital. Heloise Mgcina, Alwyn Martin and Raphael Martin are collectively referred to herein as "the Martin Family".

The purpose of this announcement is to clarify to the market the state of the reorganisation of the Martin Family's interest in Petmin, and the impact of the foregoing on Petmin's BEE status.

Alwyn Martin today announced on SENS the following restructuring of the Martin Family's interest in Petmin:

Off-market transactions executed at 275 cents:

• 64 583 030 shares transferred by Dark Capital to a vehicle of which Raphael Martin is the sole beneficiary;
• 17 640 000 shares acquired by a vehicle owned by Raphael Martin and Heloise Mgcina unconnected to Alwyn Martin;
• Dark Capital has reduced its Single Stock Futures exposure by 97 700 contracts, representing 9 770,000 Petmin shares;
• An interest in 875 375 indirectly held shares sold by Dark Capital, and 875 375 shares acquired indirectly by Alwyn Martin.

Other Director's dealings which occurred today are:

311 000 shares sold by Bradley Doig to Dark Capital

At the 27 January 2010 Annual General Meeting ("the AGM"), Petmin's shareholders approved the granting of financial assistance to Dark Capital by Petmin ("Petmin Support") and this Facility currently being finalised with the relevant financial institutions. The net result of the above, and the accompanying transactions, is an increase of 11 870 000 in the number of shares standing to the benefit of The Martin family to 132 104 278) of which 120 000 000 shares are "locked up" for 3 years and or until the Facility is repaid.

As at 30 June 2010, at least 28% percent of Petmin's equity is controlled by the Petmin Anchor BEE Consortium.

The Petmin management looks forward to developing Petmin as a multi-commodity business with the continued support of the Petmin Anchor BEE Consortium.

Johannesburg
1 July 2010