Tranche Update on Sanderson Farms, Inc.'s Equity Buyback Plan announced on February 25, 2014.

Sanderson Farms, LLC is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items. The Company's products are categorized into Cuts, Specialty, and Packs. The Cuts category includes breasts, drumsticks, gizzards, legs, livers, other, tenders, thighs, whole, whole cut-up, and wings. The Specialty category includes 97% fat free, 99% fat free, hand-trimmed, and thinly sliced. Its Pack category includes family pack, mix-pack, and value pack. Its recipes categories, such as occasion, dish type, cuisine, chicken cut, and technique provide various dishes, including buffalo chicken wings, chicken kabobs, baked chicken cacciatore, barbeque chicken, chicken fajitas, chicken pot pie, chicken salad, citrus chicken, chicken stir fry, farmhouse chicken, and lemon chicken, among others. Its plants in Mississippi, Louisiana, Texas, North Carolina, and Georgia have the capacity to process more than 13.65 million chickens per week.