Cautionary Announcement Taste Holdings Limited Incorporated in the Republic of South Africa (Registration number 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste” or “the Company” or “the Group”) CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement released by the Company on 4 April 2017 wherein the board of directors of Taste (“the Board”) concluded that each of its food and luxury goods divisions would be better served as standalone businesses and that it would sell its luxury goods division in due course. Part of this intended restructure would see Taste settle its long-term bond debt of R225 million and fund future growth of Starbucks and Domino’s stores through a combination of equity and debt more suited to the start-up nature of the food division. Having initiated a process for the sale of the luxury goods division the Company has concluded that it is not the opportune time to execute such a sale. This is due to the current prevailing macro-economic environment and generally tough retail trading conditions. Taste is therefore evaluating alternatives to settle its debt which may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities, until a further announcement is made. Johannesburg 29 September 2017 Sponsor Merchantec Capital Date: 29/09/2017 11:35:00 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.