Update regarding the proposed sale of share in Oceana Group Limited TIGER BRANDS LIMITED “Tiger Brands” or “the Company” (Incorporated in the Republic of South Africa) (Registration number 1994/017881/06) Share code: TBS ISIN: ZAE000071080 UPDATE REGARDING THE PROPOSED SALE OF SHARES IN OCEANA GROUP LIMITED (OCEANA) BY TIGER BRANDS Further to the announcement released on SENS on 24 January 2019 regarding the proposed sale by Tiger Brands of 8,000,000 ordinary shares in Oceana to Brimstone Investment Corporation (“the Transaction”), shareholders are advised that the conditions precedent in relation to the Transaction have been duly fulfilled by Brimstone. The Transaction is expected to be completed on or before 20 March 2019. Shareholders are also referred to the separate announcement made by Brimstone today, relating to the above. A further announcement will be made by the Company once the Transaction has been concluded. Bryanston 1 March 2019 Sponsor: J.P. Morgan Equities South Africa Proprietary Limited Financial Advisor Standard Chartered Bank Legal Advisor Edward Nathan Sonnenbergs Date: 01/03/2019 02:05:00 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.
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