TIGER BRANDS LIMITED - Notice in terms of section 45(5) of the Companies Act, 71 of 2008

Notice in terms of section 45(5) of the Companies Act, 71 of 2008

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

Notice in terms of section 45(5) of the Companies Act, 71 of
2008 (the Act) of the granting of financial assistance by
Tiger Brands Limited

1.    Notice is hereby given that the Board of Directors of
      the Company:

     A.   Passed  a   resolution  authorising  the   Company to
          provide direct or indirect financial assistance as
          defined by S 45(1) of the Act, for amounts and on
          such terms and conditions as the board determine d,
          pursuant to authorities granted in terms of :

           o   The authorising Shareholders Resolutions taken at
               Annual General Meetings of the Company held on 9
               February 2015 and 16 February 2016 ;
           o   the provisions of the Act;
           o   the JSE Listings Requirements; and
           o   the Company’s Memorandum of Incorporation.

     B.   Were satisfied, before authorising the       Company   to
          provide the financial assistance, that:

           o   Immediately   after    providing   the    financial
               assistance, the Company would satisfy the solvency
               and liquidity test set out in section 4 of the
               Act;
           o   The terms upon which the financial assistance has
               been  given  were   fair  and  reasonable   to  the
               Company; and
           o   The Company’s memorandum of incorporation has no
               restrictions or conditions with respect to giving
               of the financial assistance.

2.    The above payments constituted financial assistance,
      which over the period 1 October 2015 to 30 September
      2016, cumulatively did not exceed one-tenth of 1% of the
      Company’s net worth.


This notice to shareholders is issued for compliance reasons
only and shareholders are not required to respond.

15 November 2016

Ms T Naidoo
Company Secretary
Tiger Brands Limited
Reg. No. 1944/017881/06

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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