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Fri 25 Feb 2005, 13:46 Notice Of Sharedealings
Tiger Brands Limited - Notice Of Sharedealings                                  
Tiger Brands Limited                                                            
Share Code: TBS                                                                 
ISIN Code: ZAE000023560                                                         
(`Tiger Brands`, or `the Company`)                                              
NOTICE OF SHAREDEALINGS                                                         
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities   
Exchange, notice is hereby given that M H Franklin, an executive director of    
Tiger Brands, has exercised 28 300 options, being options that were beneficially
held by him in terms of the Tiger Brands (1985) Share Purchase Scheme, and has  
taken a loan to fund such purchase, but has not disposed of any shares.         
Details in respect of options exercised are reflected hereunder:                
Date Options   Number of   Strike     Value (R)      Date Exercised             
Granted        Options     Price (R)                                            
29/01/2002     28 300      46.23776   1 308 528.60   24/02/2005                 
In accordance with the provisions of clause 3.66 of the Listings Requirements of
the JSE Securities Exchange South Africa, prior clearance to deal was given to M
H Franklin by the Chairman of the Board of Tiger Brands Limited.                
Sandton                                                                         
25 February 2005                                                                
Sponsor                                                                         
J P Morgan
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