Results of the 74th 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 74 th ANNUAL GENERAL MEETING Shareholders are advised of the details of the results of the business conducted at the Company’s Annual General Meeting held yesterday, 19 February 2019, at 3010 William Nicol Drive, Bryanston, Johannesburg, South Africa. All of the resolutions tabled were passed by the requisite majority of votes cast by shareholders’ present in person or represented by proxy. - As at Friday, 8 February 2019, 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’ 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 147 617 766, representing 78% of Tiger Brands 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, 8 February 2019. - Details of the voting results are as set out below: 1. Ordinary resolution number 1.1: election of GA Klintworth as a Director For Against Abstain Shares Voted 147 312 638 41 818 263 310 147 354 456 99.97% 0.03% 0.14% 82.10% 2. Ordinary resolution number 2.1: re-election of M Makanjee as a Director For Against Abstain Shares Voted 143 693 041 3 661 415 263 310 147 354 456 97.52% 2.48% 0.14% 82.10% 3. Ordinary resolution number 2.2: re-election of MP Nyama as a Director For Against Abstain Shares Voted 143 681 842 3 672 614 263 310 147 354 456 97.51% 2.49% 0.14% 82.10% 4. Ordinary resolution number 2.3: re-election of TE Mashilwane as a Director For Against Abstain Shares Voted 147 180 225 174 231 263 310 147 354 456 99.88% 0.12% 0.14% 82.10% 5. Ordinary resolution number 3.1: election of TE Mashilwane as a Member of the Audit Committee For Against Abstain Shares Voted 147 108 276 246 180 263 310 147 354 456 99.83% 0.17% 0.14% 82.10% 6. Ordinary resolution number 3.2: election of MO Ajukwu as a Member of the Audit Committee For Against Abstain Shares Voted 146 539 760 72 595 1 005 411 146 612 355 99.95% 0.05% 0.53% 81.68% 7. Ordinary resolution number 3.3: election of MJ Bowman as a Member of the Audit Committee For Against Abstain Shares Voted 147 283 246 71 210 263 310 147 354 456 99.95% 0.05% 0.14% 82.10% 8. Ordinary resolution number 4: re-appointment of external auditors For Against Abstain Shares Voted 115 081 948 32 290 608 245 210 147 372 556 78.09% 21.91% 0.13% 82.11% 9. Ordinary resolution number 5: General authority to implement resolutions For Against Abstain Shares Voted 147 329 840 42 898 245 028 147 372 738 99.97% 0.03% 0.13% 82.11% 10. Ordinary resolution number 6: Approval of amendments to the Company’s Long-Term Incentive Plan For Against Abstain Shares Voted 146 742 142 629 635 245 989 147 371 777 99.57% 0.43% 0.13% 82.10% 11. Ordinary resolution number 7: to consider and endorse, by way of non-binding advisory vote, the Company’s remuneration policy For Against Abstain Shares Voted 108 736 273 33 720 270 5 161 223 142 456 543 76.33% 23.67% 2.72% 79.37% 12. Ordinary resolution number 8: 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 146 499 934 854 082 263 750 147 354 016 99.42% 0.58% 0.14% 82.09% 13. Special resolution number 1: authority to provide financial assistance to related and inter-related parties For Against Abstain Shares Voted 147 055 229 299 327 263 210 147 354 556 99.80% 0.20% 0.14% 82.10% 14. Special resolution number 2 (2.1): remuneration payable to non-executive directors For Against Abstain Shares Voted 143 591 313 3 763 151 263 302 147 354 464 97.45% 2.55% 0.14% 82.10% 15. Special resolution number 2 (2.2): remuneration payable to the chairman of the board For Against Abstain Shares Voted 142 531 028 4 823 536 263 202 147 354 564 96.73% 3.27% 0.14% 82.10% 16. Special resolution number 3: remuneration payable to non- executive directors participating in sub-committees of the board For Against Abstain Shares Voted 147 103 235 259 592 254 939 147 362 827 99.82% 0.18% 0.13% 82.10% 17. Special resolution number 4: remuneration payable to non- executive directors in respect of unscheduled meetings of the board For Against Abstain Shares Voted 143 628 603 3 743 961 245 202 147 372 564 97.46% 2.54% 0.13% 82.11% 18. Special resolution number 5: remuneration payable to non- executive directors in respect of extraordinary additional work undertaken For Against Abstain Shares Voted 142 600 715 4 771 849 245 202 147 372 564 96.76% 3.24% 0.13% 82.11% 19. Special resolution number 6: remuneration payable to non- resident directors For Against Abstain Shares Voted 143 521 115 3 779 619 317 032 147 300 734 97.43% 2.57% 0.17% 82.07% 20. Special resolution number 7: general authority to repurchase shares in the Company For Against Abstain Shares Voted 145 843 419 1 418 366 355 981 147 261 785 99.04% 0.96% 0.19% 82.04% Bryanston 20 February 2019 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 20/02/2019 08:40:00 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. 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