TIGER BRANDS LIMITED - Notice in terms of section 45(5) of the Companies Act

Notice in terms of section 45(5) of the Companies Act

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

Notice in terms of section 45(5) of the Companies Act,
71 of 2008 (the Act) of the granting of financial
assistance by Tiger Brands Limited

1. Notice is hereby given that the Board of Directors of
   the Company:

A. Passed a resolution authorising the Company to provide
   direct or indirect financial assistance as defined by
   S 45(1) of the Act, for amounts and on such terms and
   conditions  as the  board  determined, pursuant to
   authorities granted in terms of:

     o The authorising Shareholders Resolutions taken at
       Annual General Meetings of the Company held on 21
       February 2017 and 20 February 2018;
     o The provisions of the Act;
     o The JSE Listings Requirements; and
     o The Company’s Memorandum of Incorporation.

B. Were satisfied, before authorising the Company to
   provide the financial assistance, that:

     o   Immediately after providing the financial
         assistance, the Company would satisfy the solvency
         and liquidity test set out in section 4 of the Act;
     o   The terms upon which the financial assistance has
         been given were fair and reasonable to the Company;
         and
     o   The Company’s memorandum of incorporation has no
         restrictions or conditions with respect to giving
         of the financial assistance.

2.   The above payments constituted financial assistance,
     which over the period 1 October 2017 to 30 September
     2018, cumulatively did not exceed one-tenth of 1% of
     the Company’s net worth.


This notice to shareholders is issued for compliance
reasons only and shareholders are not required to respond.


Bryanston
9 November 2018


Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

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