TIGER BRANDS LIMITED - Notice in terms of section 45(5) of the Companies Act, 71 of 2008

Notice in terms of section 45(5) of the Companies Act, 71 of 2008

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 in terms of section 45(5) of the Companies Act, 71 of 2008 (the Act) of the
granting of financial assistance by Tiger Brands Limited (the Company) to its
subsidiary East African Tiger Brands Industries PLC (“EATBI”)


Notice is hereby given that the Board of Directors of the Company passed resolutions
authorising the Company to (i) make further payments under a loan to EATBI (the "Loan"),
which payments were previously authorised pursuant to the authority granted to the Board of
Directors by shareholders at the Annual General Meetings of the Company held on 11
February 2014 and 16 February 2015, respectively; and (ii) to extend the term of the Loan to
be repayable to not later than 31 December 2017. These further payments and the
extension of the term of the Loan constitute financial assistance and cumulatively exceeds
one-tenth of 1% of the Company’s net worth being R68.2billion as at the close of business
on 2 June 2016. The term and payments have been extended for the purpose of operational
requirements and in the ordinary course of business;

The directors were satisfied, before authorising the Company to provide such financial
assistance, that:

   -   Immediately after providing the financial assistance the Company would satisfy the
       solvency and liquidity test set out in section 4 of the Act;

   -   The terms upon which the financial assistance was to be given were fair and
       reasonable to the Company; and

   -   The Company’s memorandum of incorporation has no restrictions or conditions with
       respect to giving of the financial assistance.

This notice to shareholders is issued for compliance reasons only and shareholders are not
required to respond.


Bryanston
3 June 2016




Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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