Voluntary Liquidation Of Taste Food Franchising Proprietary Limited, Taste Commissary Proprietary Limited And Taste TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2000/002239/06) Share code: TAS ISIN: ZAE000081162 LEI: (“Taste” or “the Company”) VOLUNTARY LIQUIDATION OF TASTE FOOD FRANCHISING PROPRIETARY LIMITED, TASTE COMMISSARY PROPRIETARY LIMITED AND TASTE FOOD TRADING 1 PROPRIETARY LIMITED Shareholders are hereby advised that the board of directors and shareholder of Taste Food Franchising Proprietary Limited (“TFF”), Taste Commissary Proprietary Limited (“TC”) and Taste Food Trading 1 Proprietary Limited (“TFT’) are in the process of placing TFF, TC and TFT into voluntary liquidation. TFF and TC are wholly-owned subsidiaries of the Company and TFF owns and licenses the Domino’s business in South Africa. TFT is a wholly-owned subsidiary of TFF. In line with Taste’s revised strategy the board engaged with several suitors in order to dispose of the Domino’s business. Domino’s Pizza LLC (“DP”) provided financial support and assistance during this period. Unfortunately, a deal could not be concluded on terms acceptable to all parties and further financial support was not provided by DP. As a result, it was decided to place the respective entities into voluntary liquidation. As result of the above liquidations the Company will have to fully impair the remaining intercompany loans with TFF and TC to the value of approximately R 450 million. The above liquidations are not expected to impact the remaining business of the Company, however shareholders will be kept appraised in this regard. The Luxury Division is not impacted by these liquidations and will continue with its strategy as a focused luxury retail business consisting of NWJ, Arthur Kaplan and World’s Finest Watches. The banking facilities of the Luxury Division are unaffected by these developments. Johannesburg 16 March 2020 Sponsor PSG Capital 1 Date: 16-03-2020 08:00:00 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.