Disclosure of beneficial interests in securities TIGER BRANDS LIMITED “Tiger Brands” (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 Disclosure of beneficial interests securities in terms of Paragraph 3.83 of the JSE Limited Listings Requirements and Section 122 of the Companies Act In compliance with paragraph 3.83 of the JSE Limited Listings Requirements and section 122 (3)(b) of the Companies Act 71 of 2008 (“the Act”), shareholders are advised that Tiger Brands has received formal notification in accordance with section 122(1) of the Act from the Commonwealth Bank of Australia (“CBA”)on Friday 15 November 2013. CBA, through its subsidiaries First State Investment Management (UK) Limited, First State Investments International Limited, First State Investments (Singapore), Commonwealth Bank Officers Superannuation Corporation Pty Limited, Colonial First State Investments Limited and Realindex Investments Pty Limited, has a beneficial holding of 10.01% in the issued share capital of Tiger Brands as set out below: Entity Reg Number Holding (units) % First State Investment 119367 11,831,576 6.18% Management (UK) Limited First State Investment 122512 1,284,313 0.67% International Limited First State Investment 196900420D 5,905,215 3.08% (Singapore) Commonwealth Bank 074519798 9,070 0.01% Officers Superannuation Corporation Pty Limited Colonial First State 002348352 123,105 0.06% Investments Limited Realindex Investments Pty 133312017 2,546 0.01% Limited Bryanston Date: 18 November 2013 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 18/11/2013 10:30:00 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.