Grant and acceptance of conditional share awards to the company secretary TIGER BRANDS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 (“Tiger Brands” or the “Company”) Grant and acceptance of conditional share awards to the company secretary In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited, shareholders are advised that Tiger Brands has, on 3 December 2021 (“Offer Date”), offered Performance Vesting Shares ("PVS") and Restricted Shares (“RS”) in terms of the Tiger Brands Limited 2013 Share Plan to the company secretary (“Participant"). The offer was accepted by the Participant on 8 December 2021. PVS are conditionally awarded with the final number of Tiger Brands ordinary shares (“Shares”) settled after three years from the Offer Date. The number of Shares to be settled will range from 0% to 200% of the conditional award dependent on the specific performance criteria for the PVS being met. The determined number of PVS will be settled to the Participant in Shares or in cash, at the Company’s sole and absolute discretion. RS have been granted to the Participant as retention shares. These Shares vest after three years from the Offer Date and will be settled to the Participant in Shares or in cash, at the Company’s sole and absolute discretion. The offer to the Participant can be summarised as follows: Name Position No. of No. of Deemed value PVS RS of at Offer awarded granted Date (Rand) JK Monaisa Company 2,420 3,320 1,075,044.60* Secretary * Deemed value determined by applying the closing price of a Share on the Offer Date (i.e. R187.29 per Share) to the total number of PVS and RS awarded/granted (i.e. it is assumed that 100% of the PVS awarded will be settled upon vesting) The following details are applicable to the above: - Class of underlying security to Ordinary shares which PVS and RS rights attach - PVS Award Price per Share Rnil (not applicable) - RS Grant Price per Share Rnil (not applicable) - Nature of transaction Off-market allocation of PVS and RS - PVS vesting period Third anniversary of the Offer Date - RS vesting period Third anniversary of the Offer Date - Nature of interest Direct beneficial In accordance with section 3.66 of the Listings Requirements, the necessary clearance was obtained for acceptance of the abovementioned PVS and RS offers. Bryanston 9 December 2021 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 09-12-2021 04:34:00 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.