Taste Rights Offer Results TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2000/002239/06) Share code: TAS ISIN: ZAE000081162 (“Taste” or “the Company”) TASTE RIGHTS OFFER RESULTS INTRODUCTION Shareholders are referred to the announcements released by the Company on 19 December 2018 and 29 January 2019 and the circular dated 4 February 2019 relating to the Taste underwritten renounceable rights offer to raise up to R132 000 000 (“Rights Offer”). In terms of the Rights Offer, Taste offered of 1 320 000 000 new Taste ordinary shares (“Rights Offer Shares”) to qualifying shareholders at a subscription price of 10 cents per Rights Offer Share, in the ratio of 146.42247 Rights Offer Shares for every 100 ordinary shares held on the Rights Offer record date, being 8 February 2019 (“Record Date”). Riskowitz Value Fund LP (“RVF”), Rand Group LLC (“Rand Group LLC”) and Eldon Capital Management Limited (“Eldon Capital”) (the “Underwriters”) agreed to underwrite the total of the Rights Offer Shares, being up to 1 320 000 000 Rights Offer Shares, to the extent that Shareholders did not follow their rights in terms of the Rights Offer, in proportion to their underwriting participation being, 70% as to RVF and 15% as to each of Rand Group and Eldon Capital. The results of the Rights Offer, which closed on Friday, 22 February 2019, are as follows: Number of Rights Offer % of Rights Offer Shares Shares Rights Offer Shares 1 320 000 000 100% available for subscription Rights Offer Shares 239 814 747 18.17% subscribed for by Shareholders Rights Offer Shares to be 1 080 185 253 81.83% issued to the Underwriters Shareholders who have subscribed for Rights Offer Shares will receive their Rights Offer Shares today, Monday, 25 February 2019. Sandton 25 February 2019 Sponsor and Transaction Advisor PSG Capital Date: 25/02/2019 02:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.