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Tue 23 Jan 2007, 15:30 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 C F H Vaux, an executive director of Tiger          
Brands Ltd, has exercised 98 300 options and disposed of 98 300 ordinary        
shares in Tiger Brands Limited, being shares that were beneficially held by     
C F H Vaux.                                                                     
Details in respect of options exercised are reflected hereunder:                
Date Options     Number of Options  Strike Price  Date Exercised                
Granted                             (R)                                         
14/11/2000       25 000             42.70605      22/01/2007                    
29/01/2002       50 000             46.23776      22/01/2007                    
03/02/2003       23 300             56.10182      22/01/2007                    
78 300 SHARES WERE DISPOSED OF ON 22 JANUARY 2007 AT THE PRICE REFLECTED        
HEREUNDER:                                                                      
Number of Shares       Price (R)             Value (R)                          
78 300                 173.0188              13 547 372.04                      
20 000 SHARES WERE DISPOSED OF ON 23 JANUARY 2007 AT THE PRICE REFLECTED        
HEREUNDER:                                                                      
Number of Shares       Price (R)             Value (R)                          
20 000                 173.00                3 460 000.00                       
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                                                                         
23 January 2007                                                                 
Sponsor                                                                         
JPMorgan Equities Limited                                                       
Date: 23/01/2007 15:30:01 Produced by the JSE SENS Department.                  
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