TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
(“Tiger Brands” or “the Company”)

RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that the voting results, in relation to the
ordinary and special resolutions as set out in the notice of AGM dated 9 December
2022, presented to shareholders at the annual general meeting of Tiger Brands’
shareholders held on Tuesday, 21 February 2023 (“AGM”), in-person and by
way of electronic participation were as follows:

Ordinary resolutions             Number of shares   Percentage   Percentage   Percentage    Percentage
                                            voted    of shares         for*     against*   abstained**
                                                         voted
Ordinary Resolution number           162,021,875       89,85%       99,24%        0,76%         0,02%
1.1: Election of director – Mr
FNJ Braeken
Ordinary Resolution number           162,021,875       89,85%       99,52%        0,48%         0,02%
1.2: Election of director – Ms
LA Swartz
Ordinary Resolution number           162,022,748       89,85%       97,35%        2,65%         0,02%
2.1: Re-election of director –
Ms GJ Fraser-Moleketi
Ordinary Resolution number           162,021,875       89,85%       99,75%        0,25%         0,02%
2.2: Re-election of director –
Ms GA Klintworth
Ordinary Resolution number           162,021,275       89,85%       99,80%        0,20%         0,02%
2.3: Re-election of director –
Ms DS Sita
Ordinary Resolution number           162,021,875       89,85%       97,78%        2,22%         0,02%
2.4: Re-election of director –
Mr OM Weber
Ordinary Resolution number           162,021,055       89,85%       99,33%        0,67%         0,02%
3.1: Election of audit
committee member – Mr FNJ
Braeken

Ordinary Resolution number           162,021,875       89,85%       99,24%        0.76%         0,02%
3.2: Election of audit
committee member – Ms CH
Fernandez
Ordinary Resolution number           162,021,275       89,85%       99,75%        0,25%         0,02%
3.3: Election of audit
committee member – Adv M Sello
Ordinary Resolution number           162,021,875       89,85%       97,79%        2,21%         0,02%
3.4: Election of audit
committee member – Mr DG
Wilson
Ordinary Resolution number 4:        162,021,175       89,85%       99,52%        0,48%         0,02%
Appointment of external
auditor – Deloittet & Young
Inc.
Ordinary resolution number 5:        130,575,260       72,41%       99,28%        0,72%        17,46%
General authority
Ordinary Resolution number 6:        130,430,907       72,33%       73,70%       26,30%        17,54%
Approval of the remuneration
policy
Ordinary Resolution number 7:        130,430,777       72,33%       53,81%       46,19%        17,54%
Endorsement of the
implementation report of the
remuneration policy
 Special resolutions         Number of shares   Percentage   Percentage   Percentage    Percentage
                                        voted    of shares         for*     against*   abstained**
                                                     voted
 Special Resolution number 1:     130,574,690    72,41%      99,75%      0,25%             17,46%
 To provide financial
 assistance to related and
 inter-related companies
 Special Resolution number 2.1:   162,019,157    89,85%      99,08%      0,92%              0,02%
 Remuneration payable to the
 chairman of the board
 Special Resolution number 2.2:   162,021,745    89,85%      99,09%      0,91%              0,02%
 Remuneration payable to the
 lead independent director
 Special Resolution number 2.3:   162,021,145    89,85%      98,76%      1,24%              0,02%
 Remuneration payable to non-
 executive directors
 Special Resolution number 3:     162,020,575    89,85%      99,24%      0,76%              0,02%
 Remuneration payable to non-
 executive directors
 participating in sub-
 committees
 Special Resolution number 4:     162,006,508    89,84%      85,44%     14,56%              0,03%
 Remuneration payable to non-
 executive directors in respect
 of unscheduled / extraordinary
 meetings
 Special Resolution number 5:     162,006,208    89,84%      85,36%     14,64%              0,03%
 Remuneration payable to non-
 executive directors in respect
 of ad hoc meetings of the
 investment committee
 Special Resolution number 6:     161,877,692    89,77%      84,62%     15,38%              0,10%
 Non-resident directors’ fees
 Special Resolution number 7:     162,011,011    89,84%      99,93%      0,07%              0,02%
 General authority to
 repurchase shares
* based on the total number of shares voted in person or by proxy at the AGM.
** based on the total number of the Company’s shares in issue, being 180 327 980.


Remuneration policy and implementation of the remuneration policy

Further to the aforementioned voting results, the ordinary resolutions
in respect of the remuneration policy and the implementation report of
the remuneration policy were voted against by 25% or more of the votes
exercised. In this regard, Tiger Brands invites those shareholders who
voted against the remuneration policy and the implementation report of
the remuneration policy at the AGM, to engage with the Company by
forwarding their concerns/feedback by email to Nikki Catrakilis-Wagner,
Investor Relations Director, at nikki.wagner@tigerbrands.com by close of
business on 15 March 2023.

Tiger Brands undertakes to formally table the areas of concern at its
next Remuneration Committee meeting for consideration, and the outcomes
will be reported in the Remuneration Report, as part of the next
Integrated Annual Report.

Bryanston

22 February 2023

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited