TIGER BRANDS LIMITED - Grant and acceptance of conditional share award company secretary

Grant and acceptance of conditional share award – company secretary

TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
(“Tiger Brands” or the “Company”)


Grant and acceptance of conditional share award – company secretary

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited,
shareholders are advised that Tiger Brands has, on 1 June 2021 (“Offer Date”), offered,
Restricted Shares (“RS”) in terms of the Tiger Brands Limited 2013 Share Plan to the company
secretary of the Company. (“Participant"), as set out below.

The offer was accepted on 4 June 2021.

RS have been granted to the company secretary as retention shares. These Shares vest after
three years from the Offer Date and will be settled to the Participant in Shares, or in cash, at the
Company’s sole and absolute discretion.

The following offers are applicable to this announcement:


 Name                 Position                          No. of RS        Deemed value
                                                        granted            of at Offer
                                                                          Date (Rand)


 JK Monaisa           Company Secretary                 1,175            262,918.00*



* Deemed value determined by applying the closing price of a Share on the Offer Date (i.e. R223,76 per Share) to
the total number of RS awarded/granted.


The following details are applicable to the above:

 - Class of underlying security to which RS                         Ordinary shares
   rights attach
 - RS Grant Price per Share                                         Rnil (not applicable)
 - Nature of transaction                                            Off-market allocation of RS
 - RS vesting period                                                Third anniversary of the Offer Date
 - Nature of interest                                               Direct beneficial

In accordance with section 3.66 of the Listings Requirements, the necessary clearance was
obtained for acceptance of the abovementioned RS offer.


Bryanston
7 June 2021
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Date: 07-06-2021 05:42:00
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