TIGER BRANDSTIGER BRANDS LIMITED
"Tiger Brands", or "the Company"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
In terms of paragraph 3.63 of the JSE Listings Requirements, notice is hereby given that M Fleming, executive director of Tiger Brands Limited has exercised 9 100 options, being options that were beneficially held by him in terms of the Tiger Brands (1985) Share Option Scheme, and has taken a loan in terms of Tiger Brands (1985) Share Purchase Scheme to fund such purchase, but has not disposed of any shares.
Details in respect of options exercised are reflected hereunder:
| Date Options Granted | Number of Options | Strike Price (R) | Value (R) | Date Exercised |
29/01/2004 |
2 400 |
51.28792 |
123 091.01 |
24/05/2010 |
25/01/2005 |
6 700 |
75.13277 |
503 389.56 |
24/05/2010 |
| Nature of transaction: | Exercise of options |
| Number of securities: | 9 100 |
| Class of securities: | Ordinary |
| Nature of interest: | Direct beneficial |
| Transaction completed: | Off market |
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.
Bryanston
Date: 24 May 2010
Sponsor:
JP Morgan Equities Limited