TBS - Tiger Brands Limited - Disclosure of beneficial interest in

TBS - Tiger Brands Limited - Disclosure of beneficial interest 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                                                              
DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES                                 
Tiger Brands has received Notice on Friday, 11 November 2011, from First        
State Investments (UK) Limited on behalf of First State Investments             
International Limited ("FSI INT"),  First State Investment Management           
(UK) Limited ("FSIM UK") and the Commonwealth Bank of Australia (their          
ultimate holding company) pursuant to Section 122 (3) (b) of the                
Companies Act 71 of 2008 ("the Act").                                           
Pursuant to the Act and Para 3.83 (b) of the JSE Limited Listings               
Requirements, Tiger Brands wishes to advise that FSIM UK and FSI INT,           
collectively and in aggregate, had acquired 5.026% of the issued share          
capital of Tiger Brands on 3 August 2011.                                       
Entity        Reg number    Holdings      %                                     
                                                                                
FSIM UK       119367        5,839,343     3.064                                 
FSI INT       122512        3,738,765     1.962                                 


Total                                     5.026                                 
Bryanston                                                                       
15 November 2011                                                                
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 15/11/2011 12:19:13 Supplied by www.sharenet.co.za                     
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.