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

Pursuant to the Tiger Brands Phase II Black Economic Empowerment Transaction as
set out in the circular to shareholders dated 16 September 2009 and approved by
shareholders on 12 October 2009, shareholders are advised of allocations in terms of
the Tiger Brands Black Managers Trust No. II (“the BMT II”) to the persons as set out
below. The effective date of these allocations is 1 January 2014.


In accordance with Section 3.66 of the Listings Requirements, the necessary
clearance was obtained to make the abovementioned allocations.


     Name               Position     No. of Shares       Nature of       Nature of
                                       Allocated        Transaction       Interest

 P B Matlare            Director             58,900     Off market        Direct
                                                         award of        beneficial
                                                          shares
 N Segoale          Director of              34,300     Off market        Direct
                       Tiger                             award of        beneficial
                    Consumer                              shares
                  Brands Limited
                    – a major
                    subsidiary

In terms of the BMT II, the participants are locked in to 31 December 2017 at which
time the cost of ownership of the shares to the participants is determined in terms of
a formula outlined in the circular referred to above.


Bryanston


Date:          3 January 2014


Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

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