Results 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 RESULTS OF THE 72 nd ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of the Company held today, 21 February 2017, all the ordinary and special resolutions as set out in the notice of annual general meeting posted to shareholders on 29 December 2016, were approved by the requisite majority of shareholders. Details of the results of voting at the annual gener al meeting are as follows: - total number of shares in issue as at the date of the annual general meeting: 192 069 868 - total number of shares that could have been voted at the annual general meeting (excluding the treasury shares): 181 743 110 - total number of shares that were present/represented at the annual general meeting: 145 135 743 being 80% of the total number of shares that could have been voted at the annual general meeting - abstentions are reflected as a percentage of the total number of shares that could have been voted. ORDINARY BUSINESS 1. Ordinary resolution number 1.1: election of TE Mashilwane as a Director For Against Abstain Shares Voted 144 906 076 70 176 159 491 144 976 252 99.95% 0.05% 0.09% 79.77% 2. Ordinary resolution number 1.2: election of KA Hedderwick as a Director Withdrawn 3. Ordinary resolution number 1.3: election of LC Mac Dougall as a Director For Against Abstain Shares Voted 144 862 990 110 269 162 484 144 973 259 99.92% 0.08% 0.09% 79.77% 4. Ordinary resolution number 2.1: re-election of M Makanjee as a Director For Against Abstain Shares Voted 139 105 917 5 870 260 159 566 144 976 177 95.95% 4.05% 0.09% 79.77% 5. Ordinary resolution number 2.2: re-election of RD Nisbet as a Director For Against Abstain Shares Voted 144 474 080 69 264 592 399 144 543 344 99.95% 0.05% 0.33% 79.53% 6. Ordinary resolution number 2.3: re-election of MP Nyama as a Director For Against Abstain Shares Voted 139 105 889 5 870 363 159 491 144 976 252 95.95% 4.05% 0.09% 79.77% 7. Ordinary resolution number 3.1: election of RD Nisbet as a Member of the Audit Committee For Against Abstain Shares Voted 144 533 532 10 132 592 079 144 543 664 99.99% 0.01% 0.33% 79.53% 8. Ordinary resolution number 3.2: election of TE Mashilwane as a Member of the Audit Committee For Against Abstain Shares Voted 144 965 337 11 235 159 171 144 976 572 99.99% 0.01% 0.09% 79.77% 9. Ordinary resolution number 3.3: election of YGH Suleman as a Member of the Audit Committee For Against Abstain Shares Voted 144 975 872 632 159 239 144 976 504 100.00% 0.00% 0.09% 79.77% 10. Ordinary resolution number 4: re-appointment of external auditors For Against Abstain Shares Voted 123 077 475 21 899 419 158 849 144 976 894 84.89% 15.11% 0.09% 79.77% 11. Ordinary resolution number 5: to consider and endorse, by way of non - binding advisory vote, the Company’s remuneration policy For Against Abstain Shares Voted 75 895 968 65 180 578 4 059 197 141 076 546 53.80% 46.20% 2.23% 77.62% 12. Ordinary resolution number 6: General authority to implement resolutions For Against Abstain Shares Voted 144 897 163 49 860 188 720 144 947 023 99.97% 0.03% 0.10% 79.75% SPECIAL BUSINESS 13. Special resolution number 1: authority to provide financial assistance to related and inter-related parties. For Against Abstain Shares Voted 143 416 648 1 559 906 159 189 144 976 554 98.92% 1.08% 0.09% 79.77% 14. Special resolution number 2 (2.1): remuneration payable to non-executive directors For Against Abstain Shares Voted 144 905 414 70 980 159 349 144 976 394 99.95% 0.05% 0.09% 79.77% 15. Special resolution number 2 (2.2): remuneration payable to the chairman For Against Abstain Shares Voted 143 053 049 1 923 380 159 314 144 976 429 98.67% 1.33% 0.09% 79.77% 16. Special resolution number 2 (2.3): remuneration payable to the deputy chairman For Against Abstain Shares Voted 143 053 549 1 922 880 159 314 144 976 429 98.67% 1.33% 0.09% 79.77% 17. Special resolution number 3: remuneration payable to non-executive directors who participate in the sub -committees of the board For Against Abstain Shares Voted 144 372 825 57 128 705 790 144 429 953 99.96% 0.04% 0.39% 79.47% 18. Special resolution number 4: remuneration payable to non-executive directors in respect of unscheduled meetings of the board and additional work For Against Abstain Shares Voted 141 095 938 3 395 827 643 978 144 491 765 97.65% 2.35% 0.35% 79.50% 19. Special resolution number 5: remuneration payable to non-resident directors For Against Abstain Shares Voted 141 489 312 3 487 117 159 314 144 976 429 97.59% 2.41% 0.09% 79.77% 20. Special resolution number 6: general authority to repurchase shares in the Company For Against Abstain Shares Voted 143 445 453 1 469 609 220 681 144 915 062 98.99% 1.01% 0.12% 79.74% Bryanston 21 February 2017 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 21/02/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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