TBS - Tiger Brands Limited - Update announcement regarding discussions between

TBS - Tiger Brands Limited - Update announcement regarding discussions between  
Tiger Brands and Dangote Industries and further cautionary announcement         
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                                                              
UPDATE ANNOUNCEMENT REGARDING DISCUSSIONS BETWEEN TIGER BRANDS AND DANGOTE      
INDUSTRIES LIMITED ("DANGOTE") IN RESPECT OF DANGOTE`S SHAREHOLDING IN DANGOTE  
FLOUR MILLS PLC ("DFM") AND FURTHER CAUTIONARY ANNOUNCEMENT                     
Shareholders are referred to the announcement dated 7 May 2012 regarding        
discussions between Tiger Brands and Dangote (collectively, "the Parties") in   
respect of Dangote`s shareholding in DFM, a market leader in the Nigerian flour 
and pasta markets.                                                              
Discussions with DIL have continued constructively and it is anticipated that a 
further announcement will be made in the near future.                           
Shareholders are therefore advised to continue to exercise caution when dealing 
in the Company`s securities until a further announcement is made.               
Bryanston                                                                       
18 June 2012                                                                    
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 18/06/2012 16:15:01 Supplied by www.sharenet.co.za                     
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