Tiger Brands Limited Provides Earnings Guidance for the Six Months Ending March 31, 2021

Tiger Brands Limited is one of the leading mass consumption product distributors in South Africa. Net sales (including intragroup) break down by family of products as follows: - cereal products (46.7%): corn milling, wheat flour, malt products and sorghum-based beverages (71.5% of net sales), rice and oat cereal (28.5%); - perishable food products (32.6%): grocery products (57.2% of net sales), confectionery and snacks (22.1%), beverages (16.1%) and other (4.6%); - household and personal care products (9.4%): household products (41.9% of net sales), baby care products (34.6%) and personal care products (23.5%). The remaining net sales (11.3%) are from activities ensured abroad.