An article has appeared on page 3 of the Business Report of Thursday, November 26 November 2009 entitled “Tiger Brands and Shoprite consider partnership deal in Nigeria”

Tiger Brands believes that Nigeria presents a significant business opportunity and therefore it would consider an alliance with a local Nigerian partner with significant and well-established distribution capabilities. The company wishes to place on record that it has not considered nor will it consider any form of equity partnership with Shoprite in Nigeria and the statement that Tiger Brands and Shoprite is considering a partnership deal in Nigeria is not correct.

Shoprite is an important and valued customer of Tiger Brands, as are all other customers of Tiger Brands, which include competitors of Shoprite