2025/12/10 – 09:00:00 – 1087332711137280528
Volantary Announcement on Operations and the Issuance of Slaughter Rights
SAVANNA BEEF PROCESSORS LIMITED
(Incorporated in the Republic of Namibia)
Registration Number 2022/0137
NSX Share Code: SBF
ISIN: NA000A40Y7S7
(“the Company” or “Savanna”)
Update on Operations and the Issuance of Slaughter Rights
Since 1 October 2025, Savanna Beef has been slaughtering 10–15 head of cattle per day.
This controlled start-up phase has allowed us to steadily build critical processing data while
training staff on both the slaughter floor and the deboning lines.
On 27 October 2025, Savanna Beef officially took ownership of the site and abattoir. We
received the formal Taking-Over Certificate from the construction company, signed off by the
consulting engineer, confirming that the facility meets all contractual specifications.
Between 12–15 November 2025, we successfully hosted the regional SADC slaughter
audit inspection. This audit is the essential as it forms the mandatory first step toward
qualifying for the full EU export status audit and, ultimately, approved EU listing.
The Competent Authority has indicated that the final SADC audit report will only be issued
after 15–20 working days, meaning we expect the official results in mid-December 2025.
During the audit, only a few minor recommendations were noted.
After careful consideration of the above timeline and the minor recommendations received,
the Board of Directors has decided to move the Declaration of Slaughter Rights to the
board meeting scheduled for mid-February 2026.
The primary reasons for this postponement are:
• To allow sufficient time for the EU export status audit process to commence and,
ideally, be concluded.
• To complete the recruitment and training of additional staff so that Savanna Beef can
operate at full designed capacity (250 LSU/day per day).
The Slaughter Rights (SR) system was always designed on the basis that Savanna Beef would
be running at full capacity and holding EU export status, thereby enabling us to pay producers
the intended 3% premium. Issuing Slaughter Rights before these two conditions are met
would not be optimal for the company sustainability nor for the long-term value to producers.
What this means in practice:
• The original first quarter (March–May 2026), as presented at the BVCF days in
October, will no longer fall under the formal Slaughter Rights system.
• However, Savanna Beef will launch its online booking for the first quarter very
soon and will accept deliveries from shareholders as we continue to ramp up capacity.
• From 1 June 2026, we plan to be at full staff complement, operating at full capacity,
and — subject to final EU approval — holding EU export status.
• The Slaughter Rights system will then be activated exactly as previously
communicated, with the only adjustment being that rights for the remaining three
quarters of the 2026 financial year will be issued on a 5333 : 1 ratio (shares to
slaughter rights).
• The originally planned 4 000 : 1 ratio will take effect from the start of the new financial
year in March 2027 onwards.
You, our shareholders and producers, will be the very first to know the moment we receive EU
export status and the exact date on which the Slaughter Rights system will become fully
operational. We commit to communicating these milestones well in advance.
We fully understand that this delay may cause some inconvenience, but we are convinced it
is the responsible decision that protects the long-term viability of Savanna Beef and maximises
the future premium and benefits for every producer.
Thank you for your continued patience, trust and support. Together we are building a world-
class, producer-owned, EU-approved abattoir that will deliver sustainable value for
generations to come.
By order of the Board
10 December 2025
Sponsor
Cirrus Securities (Pty) Ltd
Registration Number: 98/463
Member of the Namibia Securities Exchange
Date: 10-12-2025 09:00:00
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Namibia Securities Exchange – NAM News