General repurchase of shares by the company Tiger Brands Limited Incorporated in the Republic of South Africa (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 (“Tiger Brands” or “Company”) GENERAL REPURCHASE OF SHARES BY THE COMPANY 1. INTRODUCTION In compliance with paragraph 11.27 of the Listings Requirements of the JSE Limited ("JSE") (“Listings Requirements”), the Company advises its shareholders that, at the close of business on 23 June 2022, it has, in a series of transactions, cumulatively repurchased 3.04% or 5 768 836 ordinary shares (“Repurchase”), in accordance with the general authority granted by shareholders at the Company’s annual general meeting held on 16 February 2022 ("General Authority"). The details of the Repurchase are set out in the table hereunder. 2. DETAILS OF THE REPURCHASE OF ORDINARY SHARES Repurchase periods: 21 February 2022 to 31 March 2022; and 15 June 2022 to 23 June 2022 Highest repurchase price per share: R170.47 Lowest repurchase price per share: R137.88 Number and percentage of shares 5 768 836 (3.04%) repurchased: Total value of shares repurchased R898 727 910 (excluding costs): The number and percentage of shares 3 722 110 (1.96%) outstanding in relation to the maximum number of shares which may be repurchased under the General Authority: The majority of the repurchased shares were cancelled and their listing removed between 2 February and 22 June 2022, whilst the balance of the shares shall be cancelled on or about 29 June 2022. The total number of shares held as treasury shares by a major subsidiary of the Company, is 10 326 758. These treasury shares were acquired during the 2004, 2005 and 2008 financial years. 3. STATEMENT BY THE BOARD The board of directors of Tiger Brands has considered the effect of the Repurchase and is of the opinion that, for a period of 12 months following the Repurchase: • the Company and its subsidiaries ("group") will be able in the ordinary course of business to repay their debts; • the assets of the Company and the group will be in excess of the liabilities of the Company and the group. For this purpose, the assets and liabilities were recognized and measured in accordance with the accounting policies used in the latest audited annual group financial statements; • the share capital and reserves of the Company and the group will be adequate for ordinary business purposes; • the working capital of the Company and the group will be adequate for ordinary business purposes; and • the Company and the group have completed a solvency and liquidity test and since the test was performed, there have been no material changes to the financial position of the group. 4. SOURCE OF FUNDS The Repurchase has been funded from internal cash resources. 5. FINANCIAL INFORMATION As at 23 June 2022, the Company’s cash balance decreased by R901 497 254. Consequently, the Company’s share capital and share premium will be reduced by R123 603 130, whilst the retained income will be reduced by an amount of R777 894 124 (these amounts are inclusive of directly attributable costs). 6. COMPLIANCE WITH PARAGRAPH 5.72 OF THE LISTINGS REQUIREMENTS The Repurchase was effected through an order book operated by the JSE and done without any prior understanding or arrangement between the Company and the counter parties. Accordingly, the Company has complied with paragraph 5.72 (a) of the Listings Requirements. Bryanston 24 June 2022 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 24-06-2022 02:55:00 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.