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Fri 20 Jan 2012, 10:37 TBS - Tiger Brands Limited - Dealing in securities
TBS
TIIH                                                                            
TBS - Tiger Brands Limited - Dealing in securities                              
TIGER BRANDS LIMITED                                                            
"Tiger Brands" or "the Company"                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1944/017881/06)                                            
Share code: TBS                                                                 
ISIN: ZAE000071080                                                              
DEALING IN SECURITIES                                                           
In terms of paragraph 3.63 of the JSE Listings Requirements, notice is hereby   
given that C F H Vaux, Corporate Finance Director of Tiger Brands and a         
director of a major subsidiary has exercised 23,400 options and disposed of     
23,400 ordinary shares in the Company, being shares that were beneficially      
held by  C F H Vaux.                                                            
                                                                                
Nature of transaction       Off market exercise of options                      
and on market sale of shares                         
Exercise date               18 January 2012                                     
Option grant date           3 February 2003                                     
Strike Price                R44.32732                                           
Transaction date            18 January 2012                                     
Class of Security           Ordinary shares                                     
Lowest and highest price    R254.50 to R257.99                                  
per Share                                                                       
Average price per Share     R255.69                                             
Total Value                 R5 983 276                                          
Nature of interest          Direct and Beneficial                               
In accordance with the provisions of clause 3.66 of the JSE Listings            
Requirements, prior clearance for this transaction was given by the Chairman    
of the Board.                                                                   
Bryanston                                                                       
20 January 2012                                                                 
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 20/01/2012 10:37:01 Produced by the JSE SENS Department.                  
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