TBS - Tiger Brands Limited - Voluntary Trading Statement

TBS - Tiger Brands Limited - Voluntary Trading Statement                        
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                                                              
VOLUNTARY TRADING STATEMENT                                                     
Tiger Brands believes that sufficient certainty exists with regard to its       
performance for the six months ended 31 March 2011 to enable it to issue this   
voluntary trading statement.                                                    
Shareholders are advised that, having considered the latest financial           
information in respect of the six months ended 31 March 2011, it is expected    
that both group headline earnings per share ("HEPS") and earnings per share     
("EPS") will reflect an improvement of between 10% and 15% compared to that     
achieved in the corresponding period of the previous financial year.            
As previously advised, the Company`s BEE Phase II transaction which was approved
by shareholders on 12 October 2009, became effective on 20 October 2009. Arising
from this transaction, a once-off abnormal charge amounting to R150,7 million   
after tax was included in HEPS and EPS for the six months ended 31 March 2010.  
Excluding this once-off abnormal charge from the 2010 half year results, it is  
anticipated that both HEPS and EPS for the six months ended 31 March 2011 will  
reflect a decrease of between 1% and 3% compared to that achieved in the        
corresponding period last year.                                                 
The results for the six months ended 31 March 2011 will be released on 30 May   
2011 when a detailed analysis of the performance of the Company will be         
provided. The information in this trading statement has not been reviewed or    
reported on by the Company`s auditors.                                          
Bryanston                                                                       
17 May 2011                                                                     
Sponsor:                                                                        
JP Morgan Equities Limited                                                      
Date: 17/05/2011 16:52:01 Supplied by www.sharenet.co.za                     
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