TIGER BRANDS LIMITED - Dealing in securities

Dealing in securities

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

Dealing in securities

In terms of paragraph 3.63 of the JSE Listings
Requirements, notice is hereby given that C F H Vaux, an
executive director of the Company has exercised options
and sold ordinary shares on 23 May 2014.

Details in     respect   of   the   shares   sold   are   reflected
hereunder:

 Nature of transaction              Off market exercise and on
                                    market sale of shares in
                                    terms of the Tiger Brands
                                    (1985) Share Option Scheme
Transaction Date                    23 May 2014
Number of Shares                    23,000
Class of Security                   Ordinary shares
Market Price per Share              Lowest price - R298.50
                                    Highest price - R307.30
                                    Average price – R302.00
Total Value                         R6 946 077.62

Option Price                        R75.13277 per share

Vesting Period                      The options expire on        25
                                    January 2015.
Nature of interest                  Direct and Beneficial



In accordance with the provisions of clause 3.66 of the
JSE Listings Requirements, prior clearance of this
transaction was given by the Chairman of the Board.


Bryanston
26 May 2014

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

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