Acceptance of Options by Directors and a Director of a Major Subsidiary in terms of The Taste Holdings Trust TASTE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2000/002239/06) Share code: TAS ISIN: ZAE000081162 ACCEPTANCE OF OPTIONS BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE TASTE HOLDINGS TRUST In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr C Gonzaga Company: Taste Holdings Limited Nature of the transaction: Granting and acceptance of share options off market Class of securities: Options in respect of ordinary shares Number of options granted: 647 177 Option strike price: R3.72 Acceptance date: 22 August 2014 Total value of transaction: R2 407 498.44 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The options are exercisable in 25% tranches from the second anniversary of the option date onwards over a 4 year period. If the options have not been exercised in their entirety within 6 years of the option date, the unexercised portion thereof shall automatically lapse. Name of director: Mr E Tsatsarolakis Company: Taste Holdings Limited Nature of the transaction: Granting and acceptance of share options off market Class of securities: Options in respect of ordinary shares Number of options granted: 470 430 Option strike price: R3.72 Acceptance date: 22 August 2014 Total value of transaction: R1 749 999.60 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The options are exercisable in 25% tranches from the second anniversary of the option date onwards over a 4 year period. If the options have not been exercised in their entirety within 6 years of the option date, the unexercised portion thereof shall automatically lapse. Name of director: Mr D Crosson Company: Taste Holdings Limited Nature of the transaction: Granting and acceptance of share options off market Class of securities: Options in respect of ordinary shares Number of options granted: 537 634 Option strike price: R3.72 Acceptance date: 22 August 2014 Total value of transaction: R1 999 998.48 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The options are exercisable in 25% tranches from the second anniversary of the option date onwards over a 4 year period. If the options have not been exercised in their entirety within 6 years of the option date, the unexercised portion thereof shall automatically lapse. Name of director: Mr J Currie Company: Taste Holdings Limited Nature of the transaction: Granting and acceptance of share options off market Class of securities: Options in respect of ordinary shares Number of options granted: 333 260 Option strike price: R3.72 Acceptance date: 22 August 2014 Total value of transaction: R1 239 727.20 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The options are exercisable in 25% tranches from the second anniversary of the option date onwards over a 4 year period. If the options have not been exercised in their entirety within 6 years of the option date, the unexercised portion thereof shall automatically lapse. Name of director: Mr A Smedsrud Company: Buon Gusto Cuisine Proprietary Limited, a major subsidiary of Taste Nature of the transaction: Granting and acceptance of share options off market Class of securities: Options in respect of ordinary shares Number of options granted: 204 940 Option strike price: R3.72 Acceptance date: 22 August 2014 Total value of transaction: R762 376.80 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The options are exercisable in 25% tranches from the second anniversary of the option date onwards over a 4 year period. If the options have not been exercised in their entirety within 6 years of the option date, the unexercised portion thereof shall automatically lapse. Johannesburg 22 August 2014 Sponsor Merchantec Capital Date: 22/08/2014 04:53:00 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.