FAMOUS BRANDS LIMITED

(Incorporated in the Republic of South Africa) (Registration number 1969/004875/06) Share code: FBR

ISIN code: ZAE000053328 ("Famous Brands" or "the Company")

AGM RESULTS AND MARKET UPDATE

Shareholders are advised that at the AGM of the Company held at 14:00 on Friday, 22 July 2022 all the resolutions as set out in the Notice of AGM, were passed by the requisite majority of Famous Brands shareholders, other than the non-binding advisory ordinary resolution 7 (Approval of the Remuneration Policy).

The company's total number of shares in issue eligible to vote is 100 202 284 and the total number

of shares represented in person or by proxy at the meeting was 86,554,977 representing 86.38% of the eligible shares.

Details of the results of the voting at the AGM are as follows:

RESOLUTION

Percentage

For %

Against %

Number of

Abstain

(%) of

shares

shares in

voted

issue

Ordinary resolution number 1

Adoption of the AFS

86.38%

99.99%

0.01%

86,395,960

159,017

Ordinary resolution number 2

Re-appointment of external auditors

86.38%

98.45%

1.55%

86,395,960

159,017

Ordinary resolution number 3.1

Election of director: Mr Chris Boulle

86.38%

97.66%

2.34%

86,395,960

159,017

Ordinary resolution number 3.2

Election of director: Mr John Halamandres

86.38%

99.53%

0.47%

86,395,960

159,017

Ordinary resolution number 3.3

Election of director: Mr Alex Maditse

86.38%

99.99%

0.01%

86,395,960

159,017

Ordinary resolution number 4

Election of director: Ms Busisiwe Mathe

86.38%

99.99%

0.01%

86,395,960

159,017

Ordinary resolution number 5.1

Election of the member of the Audit and Risk

Committee: Mr Chris Boulle

86.38%

99.29%

0.71%

86,395,960

159,017

Ordinary resolution number 5.2

Election of the member of the Audit and Risk

Committee: Mr Norman Adami

86.38%

99.97%

0.03%

86,395,960

159,017

Ordinary resolution number 5.3

Election of the member of the Audit and Risk

Committee: Ms Fagmeedah Petersen-Cook

86.38%

99.04%

0.96%

86,395,960

159,017

Ordinary resolution 5.4

Election of member of the Audit and Risk

Committee: Ms Busisiwe Mathe

86.38%

99.99%

0.01%

86,395,960

159,017

Ordinary resolution number 6

General authority

86.38%

97.13%

2.87%

86,379,338

175,639

Ordinary resolution number 7

Approval of the Remuneration Policy

86.38%

48.92%

51.08%

86,389,960

165,017

Ordinary resolution number 8

Approval of the Remuneration Implementation

86,389,960

Report

86.38%

50.88%

49.12%

165,017

Special Resolution 1.1

RESOLVED THAT the remuneration payable

to non-executive directors be R383 913 per

annum

86.38%

95.68%

4.32%

86,389,430

165,547

Special Resolution 1.2

RESOLVED THAT the remuneration payable

to the Chairman of the Board be R652 360 per

annum

86.38%

99.84%

0.16%

86,389.430

165,547

Special Resolution 1.3

RESOLVED THAT the remuneration payable

to the Chairman of the Audit and Risk

Committee be R203 860 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.4

RESOLVED THAT the remuneration payable

to the members of the Audit and Risk

Committee be R145 421 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.5

RESOLVED THAT the remuneration payable

to the Chairman of the Remuneration

Committee be R146 780 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.6

RESOLVED THAT the remuneration payable

to the members of the Remuneration

Committee be R116 337 per annum

86.38%

99.88%

0.12%

86,389.430

165,547

Special Resolution 1.7

RESOLVED THAT the remuneration payable

to the Chairman of the Nomination Committee

be R108 726 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.8

RESOLVED THAT the remuneration payable

to the members of the Nomination Committee

be R108 726 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.9

RESOLVED THAT the remuneration payable

to the Chairman of the Social and Ethics

Committee be R139 604 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.10

RESOLVED THAT the remuneration payable

to the members of the Social and Ethics

Committee be R116 338 per annum

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.11

RESOLVED THAT the remuneration payable

to the Chairman of the Investment Committee

be R40 000 per meeting

86.38%

99.51%

0.49%

86,389.430

165,547

Special Resolution 1.12

RESOLVED THAT the remuneration payable

to non-executive directors attending

Investment Committee or unscheduled

Committee meetings be e R27 180 per

meeting

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.13

RESOLVED THAT the remuneration payable

to a non-executive director who sits as

Chairman of a principal operating subsidiary

be R35 336 per meeting

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.14

RESOLVED THAT the remuneration payable

to a non-executive director who sits as a

director on a partially owned subsidiary or

associate company be R21 736 per meeting

86.38%

99.99%

0.01%

86,389.430

165,547

Special Resolution 1.15

RESOLVED that the remuneration payable to

non-executive directors for unscheduled

special Board meetings be R61 426 per

meeting

86.38%

99.51%

0.49%

86,389.430

165,547

Special Resolution 1.16

RESOLVED THAT the remuneration payable

to a non-executive director for any additional

meetings and/or consulting services rendered

86.38%

91.45%

8.55%

86,389.430

165,547

be R2 613 per hour effective 28 February

2022

Special resolution number 2

General authority to repurchase shares

86.38%

97.70%

2.30%

86,395,960

159,017

Special resolution number 3

Financial assistance to related and inter-

related companies

86.38%

99.05%

0.95%

86,395,960

159,017

The non-binding advisory resolutions on the company's remuneration policy and remuneration implementation report were voted against by more than 25% of the voting rights exercised by shareholders. Consequently, the company will initiate a process to engage with the dissenting shareholders, as recommended in terms of King IV and required by the JSE Listings Requirements. Any shareholder who would like to participate in this engagement process are requested to advise the company secretary by e-mail at companysecretary@famousbrands.co.zaby 18 August 2022. Details of the consequent engagement process will be communicated to those shareholders who have indicated their interest in participating to the company secretary. The company has taken heed of the results of these non- binding votes and intends to specifically address issues of remuneration with its investors, irrespective of whether they take part in the King IV engagement process outlined above or not.

Management provided a voluntary update to shareholders on the current trading environment for the 4 months March to June 2022;

  • Leading Brands revenue recovery continuing in SA due to a steady recovery in Casual Dining;
  • Wholesale royalty relief to Casual Dining franchise partners in SA ceased at end June 2022;
  • Signature Brands were profitable for each of the past four months;
  • The company is coping with the food inflation impact on menu items;
  • Opened 45 stores year-to-date;
  • The relocation of the KZN logistics facility is on track for 1 November 2022;
  • Business is performing in line with management's planned budgets for each of the past four months;
  • Business "as usual" again in SA other than load shedding disruption.

The information contained in this announcement has not been reviewed or reported on by the external auditors.

Midrand

22 July 2022

Sponsor:

The Standard Bank of South Africa Limited

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Famous Brands Ltd. published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 14:33:04 UTC.