Dealings 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 Notice of dealings in securities by Thusani Empowerment Investment Holdings (Proprietary) Limited (“the SPV”) The issued share capital of the SPV is 100% held by the Tiger Brands Thusani Trust (“the Trust”). The Trust and the SPV were formed as part of the Phase I BEE Transaction (“the Transaction”) implemented by Tiger Brands in 2005. The SPV acquired 1 514 309 Tiger Brands shares in terms of the Transaction. The Trust benefits the children of qualifying black Tiger Brands employees by supplying funding (i.e. grants) for tertiary education they might otherwise not be able to afford. The grants made by the Trust are funded out of trickle- dividends received from, inter alia, the SPV (i.e. 10% of any dividends received by the SPV are on-declared to the Trust). As a consequence of the unbundling of Adcock Ingram Holdings Limited (“Adcock”) in 2008, the SPV also held 1 514 309 Adcock shares. The Trust sold these Adcock shares and utilised the proceeds to purchase additional Tiger Brands shares on the market. Shareholders are advised of the following dealings of the SPV in Tiger Brands shares in terms Paragraph 3.63 to 3.74 of the JSE Listings Requirements: Number of shares purchased: 77 727 Class of shares purchased: Ordinary Shares Price per Share : R284.4995 Value of shares purchased: R22 113 292.64 Date of shares purchased: 27 May 2015 Nature of transaction: Purchase of shares, on market Nature of interest: Direct, beneficial Clearance to deal: This was obtained in advance in accordance with JSE Listings Requirements – paragraph 3.66. Number of shares purchased: 167 273 Class of shares purchased: Ordinary Shares Price per Share : R288.157 Value of shares purchased: R48 200 881.18 Date of shares purchased: 28 May 2015 Nature of transaction: Purchase of shares, on market Nature of interest: Direct, beneficial Clearance to deal: This was obtained in advance in accordance with JSE Listings Requirements – paragraph 3.66. Number of shares purchased: 1 408 Class of shares purchased: Ordinary Shares Price per Share : R282.025 Value of shares purchased: R397 091.76 Date of shares purchased: 1 June 2015 Nature of transaction: Purchase of shares, on market Nature of interest: Direct, beneficial Clearance to deal: This was obtained in advance in accordance with JSE Listings Requirements – paragraph 3.66. Bryanston 2 June 2015 Sponsor JP Morgan Equities South Africa (Pty) Ltd Date: 02/06/2015 04:04:00 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.