Results of the Tiger Brands’ seventy-third annual general meeting 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 TIGER BRANDS’ SEVENTY-THIRD ANNUAL GENERAL MEETING Shareholders are advised of the details of the results of the business conducted at the annual general meeting of the Company held yesterday, 20 February 2018, at 3010 William Nicol Drive, Bryanston, Johannesburg, South Africa as follows: - As at Friday, 9 February 2018, being the annual general meeting record date, the total number of the Company’ 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 in the share capital of the Company eligible to vote by being present in person or by submitting proxies was 147 943 800, being 78% of the Company’s issued share capital and 82% 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, 9 February 2018. 1. The consolidated audited annual financial statements of the company and its subsidiaries, together with the reports of the external auditors, the directors, the audit committee and the social, ethics and transformation committee for the financial year ended 30 September 2017 were presented. 2. Ordinary resolution number 1.1: election of BS Tshabalala as a Director For Against Abstain Shares Voted 147 188 040 284 568 471 192 147 472 608 99.81% 0.19% 0.25% 82.16% 3. Ordinary resolution number 2.1: re-election of MO Ajukwu as a Director For Against Abstain Shares Voted 140 667 491 6 805 437 470 872 147 472 928 95.39% 4.61% 0.25% 82.16% 4. Ordinary resolution number 2.2: re-election of MJ Bowman as a Director For Against Abstain Shares Voted 138 654 006 8 818 640 471 154 147 472 646 94.02% 5.98% 0.25% 82.16% 5. Ordinary resolution number 2.3: re-election of NP Doyle as a Director For Against Abstain Shares Voted 144 214 808 3 624 881 104 111 147 839 689 97.55% 2.45% 0.05% 82.37% 6. Ordinary resolution number 2.4: re-election of Dr KDK Mokhele as a Director For Against Abstain Shares Voted 139 734 521 7 045 095 1 164 184 146 779 616 95.20% 4.80% 0.61% 81.77% 7. Ordinary resolution number 3.1: election of RD Nisbet as a Member of the Audit Committee For Against Abstain Shares Voted 147 430 800 42 078 470 922 147 472 878 99.97% 0.03% 0.25% 82.16% 8. Ordinary resolution number 3.2: election of TE Mashilwane as a Member of the Audit Committee For Against Abstain Shares Voted 147 451 687 21 191 470 922 147 472 878 99.99% 0.01% 0.25% 82.16% 9. Ordinary resolution number 3.3: election of YGH Suleman as a Member of the Audit Committee For Against Abstain Shares Voted 147 332 017 140 861 470 922 147 472 878 99.90% 0.10% 0.25% 82.16% 10. Ordinary resolution number 4: re-appointment of external auditors For Against Abstain Shares Voted 118 746 000 28 711 828 485 972 147 457 828 80.53% 19.47% 0.26% 82.15% 11. Ordinary resolution number 5: General authority to implement resolutions For Against Abstain Shares Voted 147 452 129 19 589 472 082 147 471 718 99.99% 0.01% 0.25% 82.16% 12. Ordinary resolution number 6: to consider and endorse, by way of non-binding advisory vote, the Company’s remuneration policy For Against Abstain Shares Voted 107 927 065 39 095 221 921 514 147 022 286 73.41% 26.59% 0.49% 81.91% 13. Ordinary resolution number 7: to consider and endorse, by way of non-binding advisory vote, the implementation report of the Company’s remuneration policy For Against Abstain Shares Voted 121 527 947 25 618 482 797 371 147 146 429 82.59% 17.41% 0.42% 81.98% 14. Special resolution number 1: authority to provide financial assistance to related and inter-related parties For Against Abstain Shares Voted 145 658 701 2 179 085 106 014 147 837 786 98.53% 1.47% 0.06% 82.36% 15. Special resolution number 2 (2.1): remuneration payable to non-executive directors For Against Abstain Shares Voted 147 180 267 292 463 471 070 147 472 730 99.80% 0.20% 0.25% 82.16% 16. Special resolution number 2 (2.2): remuneration payable to the chairman of the board For Against Abstain Shares Voted 146 329 704 1 142 816 471 280 147 472 520 99.23% 0.77% 0.25% 82.16% 17. Special resolution number 3: remuneration payable to non- executive directors participating in sub-committees of the board For Against Abstain Shares Voted 147 101 744 370 986 471 070 147 472 730 99.75% 0.25% 0.25% 82.16% 18. Special resolution number 4: remuneration payable to non- executive directors in respect of unscheduled meetings of the board and extraordinary additional work undertaken For Against Abstain Shares Voted 143 814 955 3 657 775 471 070 147 472 730 97.52% 2.48% 0.25% 82.16% 19. Special resolution number 5: remuneration payable to non- resident directors For Against Abstain Shares Voted 144 826 902 2 644 875 472 023 147 471 777 98.21% 1.79% 0.25% 82.16% 20. Special resolution number 6: approval of VAT payable on remuneration already paid to non-executive directors For Against Abstain Shares Voted 147 386 479 86 509 470 812 147 472 988 99.94% 0.06% 0.25% 82.16% 21. Special resolution number 7: general authority to repurchase shares in the Company For Against Abstain Shares Voted 145 636 778 1 711 803 595 219 147 348 581 98.84% 1.16% 0.31% 82.09% Bryanston 21 February 2018 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 21/02/2018 07:15:00 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.