TASTE HOLDINGS LIMITED - Granting of options to executive directors in terms of The Taste Holdings trust

Granting of options to executive directors in terms of The Taste Holdings trust

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162)
("the company")

GRANTING OF OPTIONS TO EXECUTIVE DIRECTORS IN TERMS OF THE TASTE HOLDINGS TRUST

Further to the announcement dated 14 June 2013 which referred to exercise of options
by executive directors DJ Crosson and E Tsatsarolakis, the company wishes to clarify
that the options referred to have not yet been exercised but are exercisable over a 6
year period, with the first tranch becoming exercisable from the second anniversary of
the option date.

The following information is provided specifically to clarify the nature of
transaction in compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements,:-

1.
NAME OF DIRECTOR                          DJ Crosson
COMPANY OF WHICH I AM A DIRECTOR          Taste Holdings
STATUS:EXECUTIVE/NON-EXECUTIVE            Executive
TYPE OF SECURITIES                        Shares
CLASS OF SECURITIES                       Ordinary
DATE OF TRANSACTION                       12 June 2013
OPTION STRIKE PRICE                       386 cents
NUMBER OF                                 577 126
TOTAL RAND VALUE OF OPTIONS               R2 227 706.40
STRIKE DATE OF OPTIONS                    12 June 2013
PERIOD OF EXERCISE                        The option is exercisable in 25% tranches
                                          from the second anniversary of the option
                                          date onwards over a 6 year period. If the
                                          option has not been exercised in its
                                          entirety within 6 years of the option date,
                                          the unexercised portion thereof shall
                                          automatically lapse.
NATURE OF TRANSACTION                     Granting of share options in Taste
                                          Holdings share scheme(Off-market
                                          transaction)
NATURE AND EXTENT OF INTEREST IN
THE TRANSACTION                           Direct, Beneficial
CLEARANCE OBTAINED                        Yes

2.
NAME OF DIRECTOR                          E Tsatsarolakis
COMPANY OF WHICH I AM A DIRECTOR          Taste Holdings
STATUS:EXECUTIVE/NON-EXECUTIVE            Executive
TYPE OF SECURITIES                        Shares
CLASS OF SECURITIES                       Ordinary
DATE OF TRANSACTION                       12 June 2013
OPTION STRIKE PRICE                       386 cents
NUMBER OF OPTIONS                         475 000
TOTAL RAND VALUE OF OPTIONS               R1 833 500
STRIKE DATE OF OPTIONS                    12 June 2013
PERIOD OF EXERCISE                        The option is exercisable in 25% tranches
                                          from the second anniversary of the option
                                          date onwards over a 6 year period. If the
                                          option has not been exercised in its
                                          entirety within 6 years of the option date,
                                          the unexercised portion thereof shall
                                          automatically lapse.
NATURE OF TRANSACTION                     Granting of share-options in Taste
                                          Holdings share scheme(Off-market
                                          transaction)
NATURE AND EXTENT OF INTEREST IN
THE TRANSACTION                           Direct, Beneficial
CLEARANCE OBTAINED                        Yes

The strike price as indicated above was calculated as per the provisions of the
Taste Holdings Trust deed and represents the 30 day volume weighted average traded
price of Taste shares on the grant date, being 7 June 2013.

Sandton
18 June 2013
Sponsor
Vunani Corporate Finance

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