Result of General Meeting

Tiger Brands Limited

(Incorporated in the Republic of South Africa) (Registration number 1944/017881
/06)

(Share code: TBS ISIN: ZAE000023560)

(Share code: TBSP ISIN: ZAE000023578)

('Tiger Brands')

Results of the general meeting and finalisation of the odd-lot offer

1. Results of the general meeting

Ordinary shareholders are advised that at the general meeting held on Tuesday,
8 October 2002, the ordinary and special resolutions required to give effect to
the odd-lot offer, which was detailed in the circular dated 2 September 2002,
were duly passed by the requisite majority of ordinary shareholders. The
special resolutions will be lodged with the Registrar of Companies for
registration.

2. Record date

The election period for the odd-lot offer opened on Monday, 2 September 2002
and will close at 16:30 on Friday, 25 October 2002. Ordinary shareholders who
are recorded in the register as such at the close of business on Friday, 25
October 2002 and who hold fewer than 100 ordinary shares ('odd-lot holdings')
are entitled to participate in the odd-lot offer ('odd-lot holders').

3. Last day to trade

Odd-lot holders are advised that the last day to trade in order to participate
in the odd-lot offer will be Friday, 18 October 2002. Any odd-lot holder who
sells a portion of his or her ordinary shares or acquires additional ordinary
shares and whose shareholding remains below 100 ordinary shares, after Friday,
18 October 2002, will still be treated as an odd-lot holder for purposes of the
odd-lot offer. If an odd-lot holder acquires additional ordinary shares after
Friday, 18 October 2002, and the odd-lot holder's shareholding exceeds 100
ordinary shares as a result of such acquisition, then the said odd-lot holder
will become ineligible to participate in the odd-lot offer.

4. Surrender of existing documents of title by odd-lot holders of certificated
ordinary shares

4.1 All odd-lot holders, other than those who elect to retain their odd-lot
holdings, who hold certificated ordinary shares and who have not already done
so, are required to surrender their documents of title in respect of all their
ordinary shares as soon as possible to the South African transfer secretaries,
Computershare Investor Services Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000) or the United Kingdom
transfer secretaries, Computershare Investor Services plc, PO Box 82, The
Pavilions, Bridgewater Road, Bristol, BS99 7NH.

4.2 New share certificates (if requested) and share statements (in respect of
those odd-lot holders who have elected to dematerialise their ordinary shares)
will be posted, to those odd-lot holders who have elected to increase their
odd-lot holdings in Tiger Brands, by post or first class mail (United Kingdom),
at the risk of such odd-lot holders, on Monday, 28 October 2002, if their
documents of title have been surrendered by 16:30 on Friday, 25 October 2002,
or within five business days after surrender of their documents of title,
whichever is the later.

5. Odd-lot holders who hold dematerialised ordinary shares

5.1 Odd-lot holders who have dematerialised their odd-lot holdings do not hold
share certificates and consequently there is no surrender procedure applicable
to them.

5.2 Any movement as a result of the implementation of the odd-lot offer in the
number of ordinary shares held by odd-lot holders who have dematerialised their
odd-lot holdings will automatically be recorded in the relevant odd-lot
holder's account with the Central Securities Depository Participant or broker
selected by that odd-lot holder.

6. Proceeds from the sale of odd-lot holdings

Cheques or electronic transfers in respect of the sale of odd-lot holdings will
be posted to the relevant odd-lot holders or effected on Monday, 28 October
2002, by post or first class mail (United Kingdom) or electronic banking, at
the risk of such odd-lot holders, and in respect of odd-lot holders who hold
certificated ordinary shares, against surrender by those odd-lot holders of
their relevant documents of title.

7. General

Odd-lot holders are reminded that failure to make an election in terms of the
odd-lot offer will be deemed to have sold their odd-lot holdings to Tiger
Brands.

A further announcement, detailing the result of the odd-lot offer, will be
published over SENS and in the South African press on Monday, 28 October 2002.

Sandton

8 October 2002

Financial adviser and transaction sponsor

ING INVESTMENT BANKING

Corporate law advisers and consultants

EDWARD NATHAN & FRIEDLAND (PTY) LTD

(Registration number 1999/026464/07)

www.enf.co.za

Joint sponsor

CAZENOVE