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 75 th ANNUAL GENERAL MEETING AND APPOINTMENT TO BOARD COMMITTEE Shareholders are advised of the details of the results of the business conducted at the Company’s Annual General Meeting held on Tuesday, 18 February 2020, at 3010 William Nicol Drive, Bryanston, Johannesburg, South Africa. All resolutions tabled were passed by the requisite majority of votes cast by shareholders’ present in person or represented by proxy. - As at Friday, 7 February 2020, being the record date on which shareholders must be recorded in the Company’s register of shareholders for the purposes of being entitled to attend and vote at the Annual General Meeting, the total number of the Company’s shares in issue was 189 818 926; - The total number of shares eligible to vote was 179 492 168 (excluding treasury shares) (“Total Voteable Shares”); - The total number of shares voted in person or by proxy at the Company’s Annual General Meeting was 150 944 760, representing 80% of Tiger Brands issued share capital and 84% of the Total Voteable Shares. - Abstentions are reflected as a percentage of 189 818 926 shares in issue as at the record date of Friday, 7 February 2020. - Details of the voting results are as set out below: 1. Ordinary resolution number 1.1: Election of MP Fandeso as a director Resolution withdrawn 2. Ordinary resolution number 1.2: Election of HC Fernandez as a director For Against Abstain Shares Voted 150 761 390 7 188 176 182 150 768 578 100.00% 0.00% 0.09% 84.00% 3. Ordinary resolution number 1.3: Election of M Sello as a director For Against Abstain Shares Voted 150 761 157 7 421 176 182 150 768 578 100.00% 0.00% 0.09% 84.00% 4. Ordinary resolution number 1.4: Election of DG Wilson as a director For Against Abstain Shares Voted 150 482 450 286 128 176 182 150 768 578 99.81% 0.19% 0.09% 84.00% 5. Ordinary resolution number 2.1: Re-election of MO Ajukwu as a director For Against Abstain Shares Voted 142 535 591 8 232 987 176 182 150 768 578 94.54% 5.46% 0.09% 84.00% 6. Ordinary resolution number 2.2: Re-election of MJ Bowman as a director For Against Abstain Shares Voted 123 310 613 26 995 022 639 125 150 305 635 82.04% 17.96% 0.34% 83.74% 7. Ordinary resolution number 2.3: Re-election of LC Mac Dougall as a director Resolution withdrawn 8. Ordinary resolution number 2.4: Re-election of KDK Mokhele as a director For Against Abstain Shares Voted 103 426 640 47 279 959 238 161 150 706 599 68.63% 31.37% 0.13% 83.96% 9. Ordinary resolution number 3.1: Election of HC Fernandez as a member of the audit committee For Against Abstain Shares Voted 150 761 207 7 371 176 182 150 768 578 100.00% 0.00% 0.09% 84.00% 10. Ordinary resolution number 3.2: Election of TE Mashilwane as a member of the audit committee For Against Abstain Shares Voted 126 194 990 24 573 588 176 182 150 768 578 83.70% 16.30% 0.09% 84.00% 11. Ordinary resolution number 3.3: Election of DG Wilson as a member of the audit committee For Against Abstain Shares Voted 150 482 397 286 181 176 182 150 768 578 99.81% 0.19% 0.09% 84.00% 12. Ordinary resolution number 4: Re-appointment of external Auditors - Ernst & Young Inc. For Against Abstain Shares Voted 123 068 209 27 700 469 176 082 150 768 678 81.63% 18.37% 0.09% 84.00% 13. Ordinary resolution number 5: General authority For Against Abstain Shares Voted 150 752 582 16 096 176 082 150 768 678 99.99% 0.01% 0.09% 84.00% 14. Ordinary resolution number 6: Endorsement of the company’s remuneration policy, by way of non-binding advisory vote For Against Abstain Shares Voted 96 670 978 29 610 975 24 662 807 126 281 953 76.55% 23.45% 12.99% 70.36% 15. Ordinary resolution number 7: Endorsement of the implementation report of the company’s remuneration policy by way of non-binding advisory vote For Against Abstain Shares Voted 99 396 196 26 885 082 24 663 482 126 281 278 78.71% 21.29% 12.99% 70.35% 16. Special resolution number 1: Authority to provide financial assistance to related and inter-related companies For Against Abstain Shares Voted 150 400 914 367 039 176 807 150 767 953 99.76% 0.24% 0.09% 84.00% 17. Special resolution number 2 (2.1): Remuneration payable to non-executive directors For Against Abstain Shares Voted 149 276 958 1 491 836 175 966 150 768 794 99.01% 0.99% 0.09% 84.00% 18. Special resolution number 2 (2.2): Remuneration payable to the chairman of the board For Against Abstain Shares Voted 150 098 307 670 487 175 966 150 768 794 99.56% 0.44% 0.09% 84.00% 19. Special resolution number 3: Remuneration payable to non- executive directors participating in sub-committees For Against Abstain Shares Voted 149 276 958 1 491 836 175 966 150 768 794 99.01% 0.99% 0.09% 84.00% 20. Special resolution number 4: Remuneration payable to non- executive directors who attend unscheduled/extraordinary meetings For Against Abstain Shares Voted 136 743 027 14 025 767 175 966 150 768 794 90.70% 9.30% 0.09% 84.00% 21. Special resolution number 5: Remuneration payable to non- executive directors in respect of ad hoc meetings of the investment committee For Against Abstain Shares Voted 135 800 395 14 968 399 175 966 150 768 794 90.07% 9.93% 0.09% 84.00% 22. Special resolution number 6: Remuneration payable to non- resident directors For Against Abstain Shares Voted 144 951 511 5 817 014 176 235 150 768 525 96.14% 3.86% 0.09% 84.00% 23. Special resolution number 7: General authority to repurchase shares in the Company For Against Abstain Shares Voted 148 507 127 2 147 238 290 395 150 654 365 98.57% 1.43% 0.15% 83.93% In compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are further advised that Mr Donald Wilson has been appointed as a member of the Nomination and Governance Committee with effect from 19 February 2020. Bryanston 19 February 2020 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 19-02-2020 10:38:00 Produced by the JSE SENS Department. 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