Results of Rights Offer – Taste Rights Offer 36% Oversubscribed TASTE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste” or “the Company”) RESULTS OF RIGHTS OFFER – TASTE RIGHTS OFFER 36% OVERSUBSCRIBED Shareholders are referred to the announcements released on SENS on 13 October 2015 (“Declaration Announcement”) and 16 October 2015 (“Finalisation Announcement”) wherein shareholders were advised that Taste intended to raise R226 393 428 from its Shareholders by way of a renounceable rights offer (“Rights Offer”), in terms of which Taste offered a total of 75 464 476 new Shares (“Rights Offer Shares”) at a subscription price of 300 cents per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100 Shares held in Taste at the close of business on the record date for the Rights Offer, being Friday, 30 October 2015. Shareholders are advised that 102 712 219 Rights Offer Shares were applied for, equivalent to 136% of the total Rights Offer Shares. As a result thereof, excess applications of 41 087 710 Rights Offer Shares have been received, which will be allocated in an equitable manner as set out in the circular distributed to Taste Shareholders on 27 October 2015 up to the number of Rights Offer Shares available. The results of the Rights Offer, which closed on Friday, 13 November 2015, are as follows: Number of Rights Offer % of Rights Offer Shares Shares Total Rights Offer Shares applied for 102 712 219 136% Rights Offer Shares available for subscription 75 464 476 100% Rights Offer Shares subscribed for by holders of Letters of Allocation 61 683 509 82% Excess Rights Offer Shares to be allotted 13 780 967 18% Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Taste Shares on or about Monday, 16 November 2015. The CSDP or broker accounts of holders of Dematerialised Taste Shares will be credited with Rights Offer Shares and debited with payments due on Monday, 16 November 2015. Johannesburg 16 November 2015 Sponsor, Corporate Advisor and Book Runner Merchantec Capital Date: 16/11/2015 08:00:00 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.