Acceptance of Options by Executive Directors and a Director of a Major Subsidiary 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 A DIRECTOR OF A MAJOR SUBSIDIARY 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: 17 February 2017 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: 1 761 319 759 189 Option strike price: R1.85 R0.00 Total value of transaction: R3 258 440.15 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of director: Mr Duncan Crosson Company: Taste Holdings Limited Date of transaction: 17 February 2017 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: 1 161 806 505 133 Option strike price: R1.85 R0.00 Total value of transaction: R2 149 341.10 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of director: Mr Evangelos Tsatsarolakis Company: Taste Holdings Limited Date of transaction: 17 February 2017 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: 998 905 434 307 Option strike price: R1.85 R0.00 Total value of transaction: R1 847 974.25 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of director: Mr Dean Divaris Company: Arthur Kaplan Proprietary Limited, a major subsidiary of Taste Date of transaction: 17 February 2017 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: 1 181 757 504 216 Option strike price: R1.85 R0.00 Total value of transaction: R2 186 250.45 Not applicable Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes 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: 17 February 2020, 17 February 2021, 17 February 2022 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 21 February 2017 Sponsor Merchantec Capital Date: 21/02/2017 07:45:00 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.