Cash dividend

DECLARATION OF FINAL DIVIDEND NO. 140

The Board has approved and declared a final dividend of 611 cents per ordinary share (gross) in respect of the year ended 30 September 2014.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements the following additional information is disclosed:

The dividend has been declared out of income reserves;
The local Dividends Tax rate is 15% (fifteen per centum);
There are no Secondary Tax on Companies (STC) credits utilised;
The gross local dividend amount is 611 cents per ordinary share for shareholders exempt from the Dividends Tax;
The net local dividend amount is 519,35 cents per ordinary share for shareholders liable to pay the Dividends Tax;
Tiger Brands has 191 948 268 ordinary shares in issue (which includes 10 326 758 treasury shares); and
Tiger Brands Limited’s income tax reference number is 9325/110/71/7.

Shareholders are advised of the following dates in respect of the final dividend:

Last day to trade cum the final dividend Friday, 2 January 2015
Shares commence trading ex the final dividend Monday, 5 January 2015
Record date to determine those shareholders entitled to the final dividend Friday, 9 January 2015
Payment in respect of the final dividend Monday, 12 January 2015

By order of the Board

IWM Isdale
Secretary

Sandton
18 November 2014