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Tue 24 Aug 2004, 14:04 DEALING IN SECURITIES BY A DIRECTOR
TIGER BRANDS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                      
Tiger Brands Limited                                                            
Share Code: TBS                                                                 
ISIN Code: ZAE000023560                                                         
(`Tiger Brands`, or `the Company`)                                              
dealing in securities by a director                                             
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities   
Exchange South Africa, notice is hereby given that M C Norris, an executive     
director of Tiger Brands, has exercised 41 600 options and disposed of 41 600   
ordinary shares in Tiger Brands Limited, being shares that were beneficially    
held by M C Norris.                                                             
Details in respect of options exercised are reflected hereunder:                
Date Options     Number of Options  Strike Price  Date Exercised                
Granted                             (R)                                         
08/11/1999       28 000             57.24625      20/08/2004                    
24/06/1999        7 400             51.94625      20/08/2004                    
11/09/1998        6 200             34.09625      20/08/2004                    
THE SHARES WERE DISPOSED OF ON 23 AUGUST 2004 AT THE PRICES REFLECTED HEREUNDER:
Number of Shares       Price (R)             Value (R)                          
24 190                 89.25                 2 158 957.50                       
   810                 89.26                    72 300.60                       
 6 600                 89.30                   589 380.00                       
 5 000                 89.35                   446 750.00                       
5 000                 89.50                   447 500.00                       
In accordance with the provisions of clause 3.66 of the Listings Requirements of
the JSE Securities Exchange South Africa, prior clearance for these transactions
was given by the Chairman of the Board of Tiger Brands Limited.                 
Sandton                                                                         
24 August 2004                                                                  
Sponsor                                                                         
Cazenove                                                                        
Date: 24/08/2004 01:40:55 PM                   
Produced by the JSE SENS Department
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