TBS - Tiger Brands Limited - Competition Commission - Milling

TBS - Tiger Brands Limited - Competition Commission - Milling                   
TIGER BRANDS LIMITED                                                            
"Tiger Brands" or "the Company"                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1944/017881/06)                                            
Share code: TBS                                                                 
ISIN: ZAE000071080                                                              
COMPETITION COMMISSION - MILLING                                                
Shareholders are referred to a report that appeared on Bloomberg this           
morning, in which the Deputy Competition Commissioner was quoted as saying      
that the Competition Commission has probed South Africa`s grain millers in      
relation to market allocation and price fixing and that its findings will be    
referred to the Competition Tribunal.  The announcement referred to Tiger       
Brands as being one of the "targets" of this investigation.                     
Tiger Brands has been informed by the Competition Commission that its           
complaint referral has not yet been made to the Competition Tribunal.           
Tiger Brands entered into an agreement with the Competition Commission in       
November 2007 in terms of which Tiger Brands was granted conditional immunity   
from prosecution before the Competition Tribunal for its involvement in         
cartel activities in the milling industry within South Africa, subject to       
certain conditions.  In the event that the Competition Commission does refer    
its milling investigation to the Competition Tribunal for determination with    
Tiger Brands cited as a co-respondent, no relief is expected to be sought       
against Tiger Brands.                                                           
The Competition Commission has undertaken to provide to Tiger Brands a copy     
of the complaint referral as soon as it has been referred to the Competition    
Tribunal.                                                                       
Date:                                                                           
9 March 2010                                                                    
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 09/03/2010 12:36:04 Supplied by www.sharenet.co.za                     
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