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Tue 19 Dec 2006, 14:00 TBS - Tiger Brands Limited - Dealing in securities
TBS
 TIIH                                                                            
TBS - Tiger Brands Limited - Dealing in securities                              
Tiger Brands Limited                                                            
(Registration number 1944/017881/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: TBS                                                                 
ISIN:       ZAE000071080                                                        
("Tiger Brands", or "the Company")                                              
Dealing in securities                                                           
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited,     
notice is hereby given that J J Louw an executive director of Adcock Ingram     
Holdings (Pty) Ltd, a major subsidiary of Tiger Brands Limited, has disposed of 
12 635 ordinary shares of 10 cents each in Tiger Brands Limited, being shares   
that were beneficially held by J J Louw and has exercised 1667 options and      
disposed of 1667 ordinary shares in Tiger Brands Limited, being shares that were
beneficially held by J J Louw.                                                  
12 635 SHARES WERE DISPOSED OF ON 18 DECEMBER 2006 AT THE PRICE REFLECTED       
HEREUNDER:                                                                      
Number of Shares       Price (R)             Value (R)                          
12 635                 165.02                2 085 027.70                       
Details in respect of options exercised are reflected hereunder:                
Date Options Granted   Number of Options  Strike Price (R)    Date Exercised    
01/09/2001             1 667              49.88811            18/12/2006        
                                                                                
1 667 SHARES WERE DISPOSED OF ON 18 DECEMBER 2006 AT THE PRICE REFLECTED        
HEREUNDER:                                                                      
Number of Shares       Price (R)             Value (R)                          
1 667                  165.02                275 088.34                         
In accordance with the provisions of clause 3.66 of the Listings Requirements of
the JSE Limited, prior clearance for this transaction was given by the Chairman 
of the Board of Tiger Brands Limited.                                           
Sandton                                                                         
19 December 2006                                                                
Sponsor                                                                         
J.P.Morgan Equities Limited                                                     
Date: 19/12/2006 14:00:01 Produced by the JSE SENS Department.
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