TASTE HOLDINGS LIMITED - Disposal of Maxi's and The Fish & Chips Co.

Disposal of Maxi's and The Fish & Chips Co.

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/002239/06)
Share code: TAS
ISIN: ZAE000081162
(“Taste” or “the Company”)


DISPOSAL OF MAXI’S AND THE FISH & CHIPS CO.


Shareholders are referred to the Company’s SENS announcement of 1 November 2019, regarding
the change of strategic direction of the Company and the consideration by the board of the sale of all
of the Taste food brands, being Starbucks, Domino’s Pizza, Maxi’s and The Fish & Chips Co. The
outcome of this strategy would be for Taste to become a focused luxury retail group consisting of
NWJ, Arthur Kaplan and World’s Finest Watches.

Shareholders are advised that in line with the Company’s change in strategic direction, the Company
has entered into an agreement, in terms of which the Company will dispose of its food brand franchise
businesses, Maxi’s and The Fish & Chips Co. (“Disposal”). The Disposal is subject to a number of
conditions precedent but is anticipated to become effective on or about 2 December 2019.

Johannesburg
19 November 2019

Corporate Advisor and Sponsor
PSG Capital

Date: 19/11/2019 07:30:00
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.