Salient features
TIGER BRANDS’DOMESTIC BUSINESS DELIVERS A STRONG
PERFORMANCE IN A TOUGH TRADING ENVIRONMENT WITH OPERATING MARGINS*
INCREASING TO 15,6%

GROUP OPERATING INCOME* UP 11% TO R4,6 BILLION

GROUP OPERATING MARGIN* UP 110 bps TO 14,8%

CASH FROM OPERATIONS UP 43% TO R6,1 BILLION
BENEFITING FROM WORKING CAPITAL IMPROVEMENTS

HEPS+ UP 2% TO 2 155 CENTS
| * | Before IFRS 2 charges and from continuing operations. |
| + | From continuing operations. |