TAS - Taste Holdings Limited - Finalisation of the

TAS

TAS

TAS - Taste Holdings Limited - Finalisation of the acquisition of the business

operated by the traditional Fish & Chips (Pty) Limited

TASTE HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 2000/002239/06)

JSE code: TAS

ISIN: ZAE000081162

("Taste")

FINALISATION OF THE ACQUISITION OF THE BUSINESS OPERATED BY THE TRADITIONAL FISH

& CHIPS (PTY) LIMITED

Further to the announcements, dated 8 November 2011 and 8 December 2011, wherein

Taste advised that one of its wholly-owned subsidiaries, Buon Gusto Cuisine

(Pty) Limited ("Buon Gusto"), would purchase the business operated by The

Traditional Fish & Chips (Pty) Limited ("the business"), the Board of Taste has

pleasure in announcing that the acquisition detailed in those announcements is

now unconditional in all respects. As previously disclosed, it is anticipated

that the acquisition will be earnings-enhancing to Taste within the first year.

Buon Gusto will take delivery of the business on 1 February 2012 and it is

anticipated that the business will have approximately 215 outlets on this date,

exceeding the initial expectation of 195 outlets.

Johannesburg

18 January 2012

Sponsor

Vunani Corporate Finance

Date: 18/01/2012 16:50:11 Produced by the JSE SENS Department.

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