Acquisition Of Arthur Kaplan Jewellers – Amendment To Settlement Terms TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/002239/06) JSE code: TAS ISIN: ZAE000081162 (“Taste”) ACQUISITION OF ARTHUR KAPLAN JEWELLERS – AMENDMENT TO SETTLEMENT TERMS Further to the announcement released on SENS on 21 October 2014 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that: 1. In terms of the Sale of Shares agreement the purchase consideration of R85 million which was settled in cash would additionally be increased by R4.21 for every R1.00 with which the profit after tax of AKJ Holdings Proprietary Limited (“Arthur Kaplan Jewellers”) for the period from 1 July 2014 to 30 June 2015 exceeds R12.386 million, up to a total additional amount of R35 million (“additional purchase consideration”). An amendment to the settlement of the additional purchase consideration in the Sale of Shares agreement has been signed. This amendment reflects that R5 750 000 of the additional purchase consideration be settled by the issue of 1 726 727 Taste ordinary shares and the remainder in cash. 2. The current trading performance of Arthur Kaplan Jewellers indicates that the additional purchase consideration payable will in all likelihood exceed the R15 million provided for as at the end of February 2015. 3. The issue of shares is intended to assist in retaining Dean Divaris, Managing Director of Arthur Kaplan Jewellers and to align him with the rest of Taste’s executive team who own both personal as well as optional equity. 4. In terms of the JSE Listings Requirements the categorisation of the Arthur Kaplan Jewellers acquisition has not changed. 5. All other terms of the Sale of Shares agreement remain unchanged. 6. The payment of the cash and the issue of shares will take place in July 2015. 8 June 2015 Sponsor Merchantec Capital Date: 08/06/2015 03:30:00 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.