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Dealing in securities by the Directors of Tiger Brands, its Major Subsidiary and the Company Secretary
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
("Tiger Brands" or the "Company")
Dealing in securities by the Directors of Tiger Brands, its Major Subsidiary and
the Company Secretary
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE
Limited, shareholders are advised of the following share transactions in terms of
the Tiger Brands Limited 2013 Share Plan, whereby the directors of Tiger Brands,
its major subsidiary and the company secretary, previously accepted Performance
Vesting Shares ("PVS") and Restricted Shares ("RS"), which have now vested:
Name: TA Govender
Position: Director of the Company and of a major
subsidiary
Transaction date: 19 December 2025
Nature of transaction: Off-market vesting of ordinary shares and
on-market sale of shares
Class of securities: Ordinary shares
No. of PVS vested: 16,080
Total value* of shares R5,923,550.40
Nature of interest: Direct beneficial
*The value of the shares is based on the deemed share price of (R368.38), being
the closing share price of Tiger Brands on the Transaction Date, i.e. the date on
which the PVS vested.
The ordinary shares settled on the Participant upon vesting have been transferred
to the Participant's personal broker account.
Name: NJ Ralebepa
Position: Director of a major subsidiary
Transaction date: 19 December 2025
Nature of transaction: Off-market vesting of ordinary shares and
on-market sale of shares
Class of securities: Ordinary shares
No. of PVS vested: 17,557
No. of PVS shares sold 3,266
Price per share: R369.6422
Total value of shares sold: R1,207,251.43
Number of remaining shares 14,291
Total value* of remaining shares: R5,264,518.58
* The total value of remaining shares is based on the deemed share price of
(R368.38), being the closing share price of Tiger Brands on 19 December 2025,
i.e. the date on which the PVS vested. These shares have been transferred to
the Participant's personal broker account.
Name: JK Monaisa
Position: Company secretary
Transaction date: 19 December 2025
Nature of transaction: Off-market vesting of ordinary shares and
on-market sale of shares
Class of securities: Ordinary shares
No. of PVS vested: 1,496
No. of PVS shares sold: 1,496
No. of RS vested: 3,150
No. of RS shares sold: 3,150
Price per share: R369.6422
Total value of shares sold: R1,717,357.66
In accordance with section 3.66 of the Listings Requirements, the necessary
clearance was obtained with respect to the above transactions.
Waterfall City
23 December 2025
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Date: 23-12-2025 11:32:00
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