Grant and acceptance of an allocation of shares to a director of the Company TIGER BRANDS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 (“Tiger Brands” or “Company”) Grant and acceptance of an allocation of shares to a director of the Company In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited, shareholders are advised of an allocation of Tiger Brands ordinary shares in terms of the Tiger Brands Black Managers Trust (“the Trust”) on 31 January 2021 (“Offer Date”) to a director of the Company who is also a director of a major subsidiary of the Company (“the Director”), as set out below. The offer was accepted on 8 February 2021. After the respective vesting dates, the Director may exercise her vested rights to acquire the shares allocated to her, in which event she will be required to make payment of the relevant capital contributions to the Trust. Director DS Sita Number of securities 7,000 Deemed value at Offer Date R1,027,390 Class of securities Ordinary shares in Tiger Brands Vesting period One-third of allocation on each of the third, fourth and fifth anniversary dates of the Offer Date Nature of transaction Off-market award of shares Nature of interest Direct beneficial Clearance obtained Yes * Deemed value determined by applying the closing price of a Share on Friday, 29 January 2021 (i.e. R199.26 per Share) net of the amount of the capital contribution as determined on the Offer Date (R52.49 per Share), to the total number of Tiger Brands ordinary shares allocated In accordance with section 3.66 of the Listings Requirements, the necessary clearance was obtained for acceptance of the abovementioned allocation. Bryanston 8 February 2021 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Date: 08-02-2021 01:56:00 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.