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 Pursuant to the Tiger Brands Phase II Black Economic Empowerment Transaction as set out in the circular to shareholders dated 16 September 2009 and approved by shareholders on 12 October 2009, shareholders are advised of allocations in terms of the Tiger Brands Black Managers Trust No. II (“the BMT II”) to the persons as set out below. The effective date of these allocations is 1 January 2014. In accordance with Section 3.66 of the Listings Requirements, the necessary clearance was obtained to make the abovementioned allocations. Name Position No. of Shares Nature of Nature of Allocated Transaction Interest P B Matlare Director 58,900 Off market Direct award of beneficial shares N Segoale Director of 34,300 Off market Direct Tiger award of beneficial Consumer shares Brands Limited – a major subsidiary In terms of the BMT II, the participants are locked in to 31 December 2017 at which time the cost of ownership of the shares to the participants is determined in terms of a formula outlined in the circular referred to above. Bryanston Date: 3 January 2014 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 03/01/2014 01:00:00 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.