Declaration of final dividend

for the year ended 30 September 2025

Declaration of final dividend

The company has declared a final ordinary dividend of 1 229 cents per share for the year ended 30 September 2025. This, together with the interim dividend of 415 cents per share brings the total ordinary dividend for the year to 1 644 cents per share, an 59% increase relative to last year.

In calculating last year’s total dividend, and for the interim dividend in 2025, the company applied a dividend policy of 1.75x cover based on HEPS. The company has subsequently amended its dividend policy to 1.25x cover on HEPS, which is applicable for the 2025 final ordinary dividend.

Declaration of special dividend

Aligned to the decision to return excess cash arising from the portfolio optimisation disposals to shareholders, as well as improved working capital management and after funding the share repurchase programme, the company has declared a final special dividend of 2 710 cents per share for the year ended 30 September 2025. This, together with the interim special dividend of 1 216 cents per share brings the total special dividend for the year to 3 926 cents per share.

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE Listings Requirements, the following additional information is disclosed:

The ordinary and special dividends have been declared out of income reserves
The local dividends tax rate is 20% (twenty percent) effective 22 February 2017
The gross final dividend amount of 1 229 cents per ordinary share, and the final special dividend of 2 710 cents per share will be paid to shareholders who are exempt from the dividends tax
The net final dividend amount of 983 cents per ordinary share and the net final special dividend of 2 168 cents per share will be paid to shareholders who are liable for the dividends tax
Tiger Brands has 174 871 708 ordinary shares in issue (which includes 10 814 725 treasury shares)
Tiger Brands Limited’s income tax reference number is 9325/110/71/7

Shareholders are advised of the following dates in respect of the final ordinary dividend:

Declaration date	Wednesday, 26 November 2025
Last day to trade cum the ordinary dividend	Tuesday, 13 January 2026
Shares commence trading ex the ordinary dividend	Wednesday, 14 January 2026
Record date to determine those shareholders entitled to the ordinary dividend	Friday, 16 January 2026
Payment date in respect of the ordinary dividend	Monday, 19 January 2026

Share certificates may not be dematerialised or re-materialised between Wednesday, 14 January 2026 and Friday, 16 January 2026, both days inclusive.

By order of the board

JK Monaisa
Company secretary

Midrand
25 November 2025