Preparation of annual financial statements

The preparation of the consolidated and separate annual financial statements for the year ended 30 September 2024, which appear on (pages 9 to 95) has been supervised by Thushen Govender CA(SA), chief financial officer of Tiger Brands Limited.

Directors' approval

The financial statements for the year ended 30 September 2024, which appear on pages (pages 9 to 95) and are in agreement with the financial records at that date, were approved by the board of directors on 3 December 2024 and signed on its behalf by:

Responsibility for annual financial statements

The directors of Tiger Brands Limited are responsible for the integrity of the annual financial statements of the company, consolidated subsidiaries, associates and the objectivity of other information presented in the integrated annual report. The fulfilment of this responsibility is discharged through the establishment and maintenance of sound management and accounting systems, an organisational structure which provides for delegation of authority and establishes clear responsibility, together with the constant communication and review of the operations’ performance measured against approved plans and budgets.

Management and employees operate in terms of a code of ethics approved by the board. The code requires compliance with all applicable laws and maintenance of the highest integrity in the conduct of all aspects of the business.

The annual financial statements, prepared in terms of IFRS^® accounting standards and Companies Act of South Africa are audited by our external auditors in conformity with International Standards on Auditing.

An audit committee of the board of directors, composed entirely of independent non-executive directors, meets periodically with our internal and external auditors as well as management to discuss internal financial controls and auditing and financial reporting matters. The auditors have unrestricted access to management, financial records as well as the audit committee.

The directors have no reason to believe that the group’s operations will not continue as going concerns in the year ahead, other than where closures or discontinuations are anticipated, in which case provision is made to reduce the carrying cost of the relevant assets to net realisable value. Thus we continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Certificate by company secretary

Certified in terms of section 88(2)(e) that the company has filed required returns and notices in terms of the Companies Act of South Africa, and that all such returns and notices appear to be true, correct and up to date.

Kgosi Monaisa
Company secretary

3 December 2024

Declaration by chief executive officer (CEO) and chief financial officer (CFO)

The CEO and the CFO, hereby confirm that:

1. the consolidated and separate annual financial statements, set out on (pages 10 to 94), fairly present in all material respects the financial position, financial performance and cash flows of the issuer in terms of IFRS^® accounting standards and Companies Act of South Africa;
2. to the best of our knowledge and belief, no facts have been omitted or untrue statements made that would make the annual financial statements false or misleading;
3. internal financial controls have been put in place to ensure that material information relating to the issuer and its consolidated subsidiaries have been provided to effectively prepare the annual financial statements of the issuer;
4. the internal financial controls are adequate and effective and can be relied upon in compiling the annual financial statements, having fulfilled our role and function as executive directors with primary responsibility for implementation and execution of controls;
5. where we are not satisfied, we have disclosed to the audit committee and the auditors any deficiencies in design and operational effectiveness of the internal financial controls, and have taken the necessary steps to remedy the deficiencies; and
6. we are not aware of any fraud involving directors.

Tjaart Kruger
Chief executive officer

Thushen Govender
Chief financial officer