TIGER BRANDS LIMITED - Conclusion of the disposal of the value-added meat products business

Conclusion of the disposal of the value-added meat products business

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")

CONCLUSION OF THE DISPOSAL OF THE VALUE-ADDED MEAT PRODUCTS
BUSINESS

Shareholders are referred to the voluntary announcements
released on the Stock Exchange News Service on 17 August 2020
and 30 September 2020 regarding the disposal of Tiger Brands’
value-added meat products business.

Tiger Brands is pleased to announce that the acquisition of the
meat processing businesses at Germiston, Polokwane and Pretoria
by Silver Blade Abattoir (Pty) Ltd, a wholly owned subsidiary of
Country Bird Holdings (Pty) Ltd (the “Country Bird Transaction”)
has become unconditional and accordingly the effective date of
the Country Bird Transaction will be 1 November 2020.

Bryanston
29 October 2020

Sponsor
J.P. Morgan Equities South Africa Proprietary Limited

Financial adviser and transaction sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Legal adviser
Edward Nathan Sonnenbergs Inc.

Date: 29-10-2020 08:17:00
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