No change statement and notice of AGM 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 NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING Integrated Annual Report Shareholders are advised that Tiger Brands’ integrated annual report for the year ended 30 September 2016, which incorporates the audited consolidated financial statements, has today been published on its website at www.tigerbrands.com and has been distributed together with the notice of the annual general meeting to those shareholders who have requested to receive a copy on 29 December 2016. The audited consolidated financial statements contain no modification from the preliminary audited consolidated results published on SENS on Wednesday, 23 November 2016 and in the media on Thursday, 24 November 2016 and therefore no abridged report will be published. The audited consolidated financial statements were audited by Ernst & Young Inc., and their audit report is available for inspection at the Company’s registered office. Notice of Annual General Meeting The notice is hereby given that the annual general meeting of the Company (AGM) will be held in the Tiger Brands’ Main Boardroom situated at 3010 William Nicol Drive, Bryanston on Tuesday, 21 February 2017 at 14:00 to transact the business as stated in the AGM notice. An electronic version of the said notice is available on the Company’s website at www.tigerbrands.com. Salient dates The record date for purposes of determining which shareholders are entitled to receive the AGM notice was Thursday, 15 December 2016. The record date for shareholders to be recorded in the register of shareholders of the Company in order to be able to attend, participate and vote at the AGM is Friday, 10 February 2017. Accordingly, the last date to trade in order to be registered in the Company`s register of shareholders is Tuesday, 7 February 2017. Bryanston Date: 29 December 2016 Sponsor J.P. Morgan Equities South Africa Proprietary Limited Date: 29/12/2016 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.