Changes to the Board and Executive changes 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 RESIGNATION AND APPOINTMENT OF CHAIRMAN: APPOINTMENT OF DIRECTORS: RECONSTITUTION OF BOARD COMMITTEES: EXECUTIVE CHANGES This announcement is published in accordance with paragraph 3.59 of the JSE Listings Requirements. Resignation and appointment of chairman Andre Parker has advised the board that he will not seek reappointment to the board of the Company at the annual general meeting of shareholders of the Company (“AGM”) which will take place on 21 February 2017. Andre will accordingly leave the board and chairmanship of the board immediately following the conclusion of the AGM. Andre was appointed to the board of Tiger Brands in August 2007 and has been Chairman since 2012. Khotso Mokhele will succeed Andre Parker as Chairman of Tiger Brands following the conclusion of the AGM. Khotso has been a director of Tiger Brands since 2007. The board of Tiger Brands would like to thank Andre for his valued leadership and looks forward to working with Khotso in his new role. Appointment of non-executive directors Tiger Brands is pleased to announce the appointment of Emma Mashilwane and Kevin Hedderwick as independent non-executive directors of the Company with effect from 23 November 2016. Emma is a Chartered Accountant (SA) and has more than 12 years’ experience in external audit, internal audit and advisory services. Emma is currently the Head of Internal Audit and Risk Advisory Services at Nkonki Incorporated and previously held various senior positions both in audit and advisory and the position of Chief Financial Officer in unlisted companies. Emma previously sat on a number of boards of unlisted companies. Kevin is the former Group Chief Executive of Famous Brands Limited. Kevin joined Famous Brands Limited in 2000 and held various executive positions before being appointed as Group Chief Executive in 2010, which position he held until his retirement in 2016. Kevin was subsequently retained as Group Strategic Advisor for Famous Brands Limited responsible for all M&A activity. The board of Tiger Brands looks forward to the contributions to be made by Emma and Kevin. Reconstitution of board committees As a consequence of the above changes, the participation of the non-executive directors on the various committees of the board has been amended as reflected hereunder. The effective date of the reconstitution of the Committees will be immediately following the AGM. Audit Committee Risk and Sustainability Remuneration Committee Nominations Committee Committee Rob Nisbet (chairman) Yunus Suleman (chairman) Santie Botha (chairman) Khotso Mokhele (chairman) Yunus Suleman Rob Nisbet Khotso Mokhele Santie Botha Emma Mashilwane Michael Ajukwu Maya Makanjee Maya Makanjee Mark Bowman Makhup Nyama Makhup Nyama Social, Ethics and Transformation Committee Investment Committee Maya Makanjee (chairman) Khotso Mokhele (chairman) Khotso Mokhele Rob Nisbet Bheki Sibiya Mark Bowman Makhup Nyama Yunus Suleman Kevin Hedderwick Executive changes Mary-Jane Morifi has been appointed as Group Corporate Affairs Executive. The appointment is effective 1 December 2016. Mary-Jane has extensive experience having recently led the Global Capital Campaign for the Nelson Mandela Children’s Hospital Trust. Mary-Jane has previously held the position of Executive Head of Corporate Affairs and Executive Committee member of Anglo American Platinum Limited and was a visiting fellow at Harvard University. Mary-Jane serves on a number of not for profit boards including the UCT Foundation and Black Sash. Neil Brimacombe, a member of the executive committee, has resigned and will leave the company on 31 January 2017. Neil currently holds responsibility for the Home, Personal Care and Baby operations, as well as Exports and the International investments of Carozzi (Chile), Chococam (Cameroon) and UAC Foods (Nigeria). Neil has been with the Company since September 2000 and has held a number of senior executive positions. The board thanks Neil for the significant contribution he has made to the company and wishes him well. An announcement with regard to the replacement for Neil will be made in due course. Bryanston 23 November 2016 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 23/11/2016 07:06:00 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.