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





In terms of paragraph 3.63 of the JSE Listings



Requirements, notice is hereby given that I W M Isdale,



the Company Secretary and director of a major subsidiary



of Tiger Brands, has exercised options and sold ordinary



shares on 21 November 2013.



Details in   respect    of   the   shares   sold   are   reflected



hereunder:



 Nature of transaction             Off market exercise and on



                                   market sale of shares in



                                   terms of the Tiger Brands



                                   (1985) Share Option Scheme







Option Strike Price                R51.28792



Transaction Date                   21 November 2013



Number of Shares                   12,700



Class of Security                  Ordinary shares



Market Price per Share             Lowest price – R300.00



                                   Highest price – R303.37



                                   Average price – R301.83



Total Value                        R3 833 258.45



Vesting Period                     The    options   expire      on



                                   29 January 2014.



Nature of interest                 Direct and Beneficial





In accordance with the provisions of clause 3.66 of the



JSE Listings Requirements, prior clearance of this



transaction was given by the Chairman of the Board.



Bryanston



22 November 2013





Sponsor:



J.P. Morgan Equities South Africa (Pty) Ltd.




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