Dividend Declaration

Tiger Brands Limited

(Incorporated in the Republic of South Africa)

(Registration number 1944/017881/06)

Preference share code: TBSP

ISIN: ZAE000023578

Ordinary share code: TBS

ISIN: ZAE000023560

Dividend Declarations

Ordinary Dividend No 116

Notice is hereby given that a final dividend of 211 cents per ordinary share
has been declared in respect of the year ended, 30 September 2002.

In compliance with the requirements of STRATE, the electronic settlement and
custody system used by the JSE Securities Exchange South Africa, the company
has determined the following salient dates for the payment of the dividend:

Last day to trade cum-dividend Friday, 3 January 2003

Shares commence trading ex-dividend Monday, 6 January 2003

Record date Friday, 10 January 2003

Payment of dividend - South Africa and

United Kingdom Monday, 13 January 2003

The final dividend will be converted at the ruling GBP/ZAR exchange rate at
close of business on Friday, 10 January 2003 for the shareholders registered in
the United Kingdom.

Shareholders in respect of the South African register will not be permitted to
dematerialise/rematerialise their shares, nor may transfers between the South
African register and the United Kingdom register take place between Monday, 6
January 2003 and Friday, 10 January 2003, both days inclusive.

preference dividend no. 117

Notice is hereby given that dividend number 117 at the rate of 5,5% per annum,
equivalent to 5,5 cents per share, in respect of the six months ended 31
December 2002 has been declared.

In compliance with the requirements of STRATE, the electronic settlement and
custody system used by the JSE Securities Exchange South Africa, the company
has determined the following salient dates for the payment of the dividend:

Last day to trade cum-dividend Friday, 24 January 2003

Shares commence trading ex-dividend Monday, 27 January 2003

Record date Friday, 31 January 2003

Payment of dividend Monday, 3 February 2003

Preference shareholders will not be permitted to dematerialise/rematerialise
their preference shares between Monday, 27 January 2003 and Friday, 31 January
2003, both days inclusive.

By order of the board

I W M Isdale Sandton

Secretary 20 November 2002

Registered office:

85 Bute Lane, Sandown Sandton, South Africa

Postal address:

PO Box 78056

Sandton, 2146, South Africa

London office:

St James Corporate Services Limited

6 St James's Place London

SW1A 1NP

Share registrars:

South Africa:

Computershare Investor Services Limited

70 Marshall Street

Johannesburg

2001

Postal address:

PO Box 1053, Johannesburg, 2000

United Kingdom:

Computershare Investor Services plc

PO Box 82

The Pavilions

Bridgewater Road

Bristol, BS99 7NH