Completion Of The Starbucks Disposal And Maxi’s And Fish & Chip Co Disposal TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste” or “the Company”) COMPLETION OF THE STARBUCKS DISPOSAL AND MAXI’S AND FISH & CHIP CO DISPOSAL 1. Shareholders are referred to – 1.1. the announcement released by the Company on SENS on 1 November 2019 (“Starbucks Disposal Announcement”), regarding the conclusion of an agreement on 31 October 2019, by the Company, through its wholly-owned subsidiary Taste Food Franchising Proprietary Limited with Rand Capital Coffee (South Africa) Proprietary Limited (“Starbucks Purchaser”), in terms of which the Company agreed to dispose of its Starbucks franchise business in South Africa as a going concern to the Starbucks Purchaser (“Starbucks Disposal”); and 1.2. the announcement released by the Company on SENS on 19 November 2019 (“Maxi’s and The Fish & Chip Co. Disposal Announcement”), regarding the conclusion of an agreement, in terms of which the Company agreed to dispose of its food brand franchise businesses, Maxi’s and The Fish & Chip Co. (“Maxi’s and The Fish & Chip Co. Disposal”), (the Starbucks Disposal Announcement and the Maxi’s and The Fish & Chip Co. Disposal Announcement, hereinafter being referred to as the “Announcements” and the Starbuck Disposal and the Maxi’s and The Fish & Chip Co. Disposal hereinafter being referred to as the “Disposals”). 2. As indicated in the Announcements, the Starbucks Disposal and the Maxi’s and The Fish & Chip Co. Disposal were subject to the fulfilment of certain conditions precedent. 3. Shareholders are hereby advised that the conditions precedent to the Starbucks Disposal and the Maxi’s and The Fish & Chip Co. Disposal have been fulfilled and the Disposals will be implemented today, 2 December 2019, in accordance with their terms. Johannesburg 2 December 2019 Sponsor PSG Capital Date: 02-12-2019 04:55:00 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.