TIGER BRANDS LIMITED - Extension of Tenure of Chief Executive Officer and Executive Director

Extension of Tenure of Chief Executive Officer and Executive Director

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")

Extension of Tenure of Chief Executive Officer and Executive Director

Shareholders are referred to the Company's SENS announcement published on
20 October 2023 confirming the appointment of Tjaart Kruger as the Chief
Executive Officer and Executive Director of Tiger Brands ("Tjaart") for a
period of 26 months, which commenced on 1 November 2023.

The Board is pleased to announce that it has resolved, with immediate
effect, to extend Tjaart's tenure for an additional three (3) years up to
31 December 2028. The decision is premised on Tjaart's positive progress to
date with the Group's long term strategic turnaround plan, including the
appointment of new executive Managing Directors for the six operating
divisions, implementation of a new operating model, as well as progress
with regards to the Group culture and staff engagement. The Board believes
that this decision will provide leadership certainty to Tiger Brands'
multiple stakeholders and the necessary runway for the Group's succession
plans.

The Board is looking forward to Tjaart's continued dedication and expertise
and we are confident that with the support of the rest of the executive
team he will lead the company to greater success in building shareholder
value.

19 August 2024
Bryanston

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Date: 19-08-2024 08:55:00
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