Change to the Board of Directors - Appointment of Director TASTE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste” or “the Company”) CHANGE TO THE BOARD OF DIRECTORS - APPOINTMENT OF DIRECTOR In compliance with paragraph 3.59 of the Listings Requirements of JSE, the board of directors of Taste (“the Board”) hereby advises its shareholders that Mr Tyrone Moodley has been appointed as a non-executive director with effect from 10 October 2016. Mr Moodley is a founder and Chief Executive Officer of Midbrook Lane Proprietary Limited (“Midbrook”), a private investment company. His career began at Sasfin Securities as a Research Analyst before he left to start Midbrook. Tyrone obtained a Bachelor of Commerce Degree from the University of Johannesburg and is a Senior Advisor to Protea Asset Management LLC, an investment advisor based in the United States. He has more than 10 years of investment and investment company experience. The Board welcomes Mr Moodley and looks forward to his contribution to the Company. Furthermore, following the resignation of Mr Sebastian Patel from the Board and audit committee on 30 May 2016, Mr Grant Pattison has joined the audit committee until a suitable replacement is appointed. Johannesburg 11 October 2016 Sponsor Merchantec Capital Date: 11/10/2016 04:55:00 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.