FAMOUS BRANDS LIMITED - Announcement Relating To The Acquisition Of Steers Properties And Halamandaris Props

Announcement Relating To The Acquisition Of Steers Properties And Halamandaris Props

 Famous Brands Limited
 (Incorporated in the Republic of South Africa)
 (Registration number: 1969/004875/06)
 JSE Share code: FBR
 ISIN code: ZAE000053328
 (“Famous Brands” or the “Company”)

ANNOUNCEMENT RELATING TO THE ACQUISITION OF STEERS PROPERTIES PROPRIETARY
LIMITED AND HALAMANDARIS PROPS PROPRIETARY LIMITED

Further to the Company’s announcement released on SENS on 11 October 2022 and the subsequent update
released on 28 October 2022, regarding the acquisition by the Company of the entire share capital of (“Steers
Shares”) and claims against (“Steers Claims”) Steers Properties Proprietary Limited (“Steers Properties”) and
the entire share capital of (“Halamandaris Props Shares”) and claims against (“Halamandaris Props Claims”)
Halamandaris Props Proprietary Limited (“Halamandaris Property”) (collectively the “Acquired Companies”) from
Messrs Panagiotis Halamandaris, Periklis Halamandaris, Theofanis Halamandaris and John Lee Halamandres
(collectively the “Sellers”) (the “Transaction”). Shareholders are advised that all conditions precedent to the
Transaction have been fulfilled.

In terms of the agreement governing the Transaction, the closing of the Transaction took place today on 22
February 2023 (“Closing Date”).

In terms of the agreement, R181 million was paid to the Sellers on the Closing Date.

22 February 2023

Sponsor and Corporate Broker
The Standard Bank of South Africa Limited

Independent Expert
BDO Corporate Finance (Pty) Ltd

Legal Adviser
ENSafrica

Date: 22-02-2023 10:20:00
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