The board of directors of Tiger Brands Limited has decided not to declare an interim dividend for the six months ended 31 March 2020. The Board considers this to be prudent given the short-term uncertainty related to the COVID-19 Lockdown measures. Depending on the Group's trading performance for the full financial year and the financial outlook at that time, a dividend will be re-considered at year-end in line with the Group's dividend policy of 1.75 times cover (based on HEPS).