TIGER BRANDS LIMITED - Dealings in securities

Dealings 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

Notice of dealings in securities by Thusani Empowerment Investment
Holdings (Proprietary) Limited (“the SPV”)

The issued share capital of the SPV is 100% held by the Tiger Brands
Thusani Trust (“the Trust”). The Trust and the SPV were formed as part
of the Phase I BEE Transaction (“the Transaction”) implemented by Tiger
Brands in 2005. The SPV acquired 1 514 309 Tiger Brands shares in
terms of the Transaction. The Trust benefits the children of
qualifying black Tiger Brands employees by supplying funding (i.e.
grants) for tertiary education they might otherwise not be able to
afford. The grants made by the Trust are funded out of trickle-
dividends received from, inter alia, the SPV (i.e. 10% of any dividends
received by the SPV are on-declared to the Trust). As a consequence of
the unbundling of Adcock Ingram Holdings Limited (“Adcock”) in 2008,
the SPV also held 1 514 309 Adcock shares. The Trust sold these Adcock
shares and utilised the proceeds to purchase additional Tiger Brands
shares on the market.

Shareholders are advised of the following dealings of the SPV in Tiger
Brands shares in terms Paragraph 3.63 to 3.74 of the JSE Listings
Requirements:



Number of shares purchased:          77 727

Class of shares purchased:           Ordinary Shares

Price per Share :                    R284.4995

Value of shares purchased:           R22 113 292.64

Date of shares purchased:            27 May 2015

Nature of transaction:               Purchase of shares, on
                                     market
Nature of interest:                  Direct, beneficial

Clearance to deal:                   This was obtained in advance
                                     in accordance with JSE
                                     Listings Requirements –
                                     paragraph 3.66.
Number of shares purchased:          167 273

Class of shares purchased:           Ordinary Shares

Price per Share :                    R288.157

Value of shares purchased:           R48 200 881.18

Date of shares purchased:            28 May 2015

Nature of transaction:               Purchase of shares, on
                                     market
Nature of interest:                  Direct, beneficial


Clearance to deal:                   This was obtained in advance
                                     in accordance with JSE
                                     Listings Requirements –
                                     paragraph 3.66.


Number of shares purchased:          1 408

Class of shares purchased:           Ordinary Shares

Price per Share :                    R282.025

Value of shares purchased:           R397 091.76

Date of shares purchased:            1 June 2015

Nature of transaction:               Purchase of shares, on
                                     market
Nature of interest:                  Direct, beneficial


Clearance to deal:                   This was obtained in advance
                                     in accordance with JSE
                                     Listings Requirements –
                                     paragraph 3.66.



Bryanston
2 June 2015

Sponsor
JP Morgan Equities South Africa (Pty) Ltd

Date: 02/06/2015 04:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.