Acceptance of Options by Executive Directors and Directors of Major Subsidiaries TASTE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste”) ACCEPTANCE OF OPTIONS BY EXECUTIVE DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES 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 Carlo Gonzaga Company: Taste Holdings Limited Date of transaction: 3 June 2016 Nature of the transaction: Off market granting and acceptance of performance share options and retention share options in terms of the Taste Holdings Share Trust Class of securities: Options in respect of ordinary shares Performance share options Retention share options Number of options granted: 1 205 490 694 110* Option strike price: R2.55 R0.00 Total value of transaction: R3 073 999.50 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes *Additional Information: 647 177 existing options with a grant date of 29 July 2014 and strike price of 372 cents per option were converted into retention share options which comprise 174 502 of the 694 110 retention share options granted. Name of director: Mr Duncan Crosson Company: Taste Holdings Limited Date of transaction: 3 June 2016 Nature of the transaction: Off market granting and acceptance of performance share options and retention share options in terms of the Taste Holdings Share Trust Class of securities: Options in respect of ordinary shares Performance share options Retention share options Number of options granted: 1 987 923 1 161 888* Option strike price: R2.55 R0.00 Total value of transaction: R5 069 203.65 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes *Additional Information: 577 126 existing options with a grant date of 7 June 2013 and strike price of 386 cents per option and 537 634 existing options with a grant date of 29 July 2014 and strike price of 372 cents were converted into retention share options which comprise 297 575 of the 1 161 888 retention share options granted. Name of director: Mr Evangelos Tsatsarolakis Company: Taste Holdings Limited Date of transaction: 3 June 2016 Nature of the transaction: Off market granting and acceptance of performance share options and retention share options in terms of the Taste Holdings Share Trust Class of securities: Options in respect of ordinary shares Performance share options Retention share options Number of options granted: 683 675 707 795* Option strike price: R2.55 R0.00 Total value of transaction: R1 743 371.25 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes *Additional Information: 356 250 existing options with a grant date of 7 June 2013 and strike price of 386 cents per option and 470 430 existing options with a grant date of 29 July 2014 and strike price of 372 cents were converted into retention share options which comprise 221 048 of the 707 795 retention share options granted. Name of director: Mr Dean Divaris Company: Arthur Kaplan Proprietary Limited, a major subsidiary of Taste Date of transaction: 3 June 2016 Nature of the transaction: Off market granting and acceptance of performance share options and retention share options in terms of the Taste Holdings Share Trust Class of securities: Options in respect of ordinary shares Performance share options Retention share options Number of options granted: 2 022 060 862 745* Option strike price: R2.55 R0.00 Total value of transaction: R5 156 253.00 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of director: Mr Arvid Smedsrud Company: Buon Gusto Cuisine Proprietary Limited, a major subsidiary of Taste Date of transaction: 3 June 2016 Nature of the transaction: Off market granting and acceptance of retention share options in terms of the Taste Holdings Share Trust Class of securities: Options in respect of ordinary shares Retention share options Number of options granted: 55 259 Option strike price: R0.00 Total value of transaction: Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes *Additional Information: 204 940 existing options with a grant date of 29 July 2014 and strike price of 372 cents were converted into retention share options which comprise 55 295 of the 55 295 retention share options granted. The information below relates to all the options: Period of exercise: The options are exercisable in one third tranches from the third anniversary of the grant date onwards over a 5 year period. If the options have not been exercised in their entirety within 6 years from the grant date, the unexercised portion thereof shall automatically lapse. Strike dates: 1 June 2019, 1 June 2020, 1 June 2021 Performance share options: The number of performance share options that ultimately vest will range between 0% and 180% of the granted number of performance share options based on the director’s performance against financial and personal targets measured over a three year rolling period to the vesting dates. Johannesburg 7 June 2016 Sponsor Merchantec Capital Date: 07/06/2016 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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