Finalisation information in respect of the special dividend declared for the six months ended 31 March 2019 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 Finalisation information in respect of the special dividend declared for the six months ended 31 March 2019 Shareholders are referred to the unaudited group results and dividend declaration announcement of 22 May 2019, in which the Company declared a gross special dividend of 306 cents per ordinary share (net amount of 244.8 cents per ordinary share). The South African Reserve Bank has approved the payment of the special dividend. Shareholders are therefore advised that the timetable in respect of the ordinary and special dividend remains unchanged, as follows: Last day to trade cum the ordinary and Tuesday, 25 June 2019 special dividend Shares commence trading ex the Wednesday, 26 June 2019 ordinary and special dividend Record date to determine those Friday, 28 June 2019 shareholders entitled to the ordinary and special dividend Payment in respect of the ordinary and Monday, 1 July 2019 special dividend Share certificates may not be dematerialised or rematerialised between Wednesday, 26 June 2019 and Friday, 28 June 2019, both days inclusive. 31 May 2019 Bryanston Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 31/05/2019 12:07:00 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.