TAS 201511160007A
Results of Rights Offer – Taste Rights Offer 36% Oversubscribed

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company”)


RESULTS OF RIGHTS OFFER – TASTE RIGHTS OFFER 36% OVERSUBSCRIBED



Shareholders are referred to the announcements released on SENS on 13 October 2015
(“Declaration Announcement”) and 16 October 2015 (“Finalisation Announcement”) wherein
shareholders were advised that Taste intended to raise R226 393 428 from its Shareholders by
way of a renounceable rights offer (“Rights Offer”), in terms of which Taste offered a total of
75 464 476 new Shares (“Rights Offer Shares”) at a subscription price of 300 cents per Rights
Offer Share in the ratio of 25 Rights Offer Shares for every 100 Shares held in Taste at the close
of business on the record date for the Rights Offer, being Friday, 30 October 2015.

Shareholders are advised that 102 712 219 Rights Offer Shares were applied for, equivalent to
136% of the total Rights Offer Shares. As a result thereof, excess applications of 41 087 710
Rights Offer Shares have been received, which will be allocated in an equitable manner as set
out in the circular distributed to Taste Shareholders on 27 October 2015 up to the number of
Rights Offer Shares available.

The results of the Rights Offer, which closed on Friday, 13 November 2015, are as follows:

                                               Number of Rights Offer       % of Rights Offer
                                               Shares                       Shares

Total Rights Offer Shares applied for                     102 712 219                    136%
 
Rights Offer Shares available for
subscription                                               75 464 476                    100%
  
   Rights Offer Shares subscribed for by
   holders of Letters of Allocation                        61 683 509                     82%

   Excess Rights Offer Shares to be
   allotted                                                13 780 967                     18%

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of
Certificated Taste Shares on or about Monday, 16 November 2015.

The CSDP or broker accounts of holders of Dematerialised Taste Shares will be credited with
Rights Offer Shares and debited with payments due on Monday, 16 November 2015.


Johannesburg
16 November 2015


Sponsor, Corporate Advisor and Book Runner
Merchantec Capital

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