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 section 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 :

            -   The authorising Shareholders Resolutions taken at Annual
                General Meetings of the Company held on 16 February 2016 and
                21 February 2017;
            -   the provisions of the Act;
            -   the JSE Listings Requirements; and
            -   the Company’s Memorandum of Incorporation.

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

            -   Immediately after providing the financial assistance , the Company
                would satisfy the solvency and liquidity test set out in section 4 of
                the Act;
            -   The terms upon which the financial assistance has been given
                were fair and reasonable to the Company; and
            -   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 2016 to 30 September 2017, 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.


Bryanston
10 November 2017


Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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