FAMOUS BRANDS LIMITED - Trading Statement

Trading Statement

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 Group” or “the Company”)

TRADING STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2020

In terms of paragraph 3.4(b) of the JSE Limited ("JSE") Listings
Requirements, the Board of Directors (Board) is satisfied that a
reasonable degree of certainty exists that the Group's financial
results for the year ended 29 February 2020 (“review period”) will
differ by at least 20% from those reported for the year ended 28
February 2019 (“the prior comparable period”).

In this regard, basic earnings per share ("EPS") are expected to be
within the range of 312 to 382 cents per share*; this is an approximate
improvement of 165% to 179% compared to the prior corresponding
period's basic loss of (484) cents per share. The anticipated increase
in EPS relates to the following costs and impairments recognised in
the previous comparable period, none of which reflect in the current
review period:

  -   once-off costs of R17.2 million for professional fees and
      redundancy costs related to the Company Voluntary Arrangement
      ("CVA") completed at GBK Restaurants Limited (GBK) UK;
  -   an impairment of R873.9 million (pre-tax) relating to GBK,
      recognised at Group level; and
  -   an impairment of R25.5 million recognised in an associate
      company in which the Group has a minority stake.

Basic headline earnings per share (“HEPS”) are expected to be within
the range of 362 to 442 cents per share*; this is an approximate
increase of 15% to 40%, compared to HEPS of 316 cents per share in
the prior corresponding period.

*The EPS and HEPS ranges are inclusive of the impact of IFRS 16 Leases,
which became effective for the Group during the review period.

The Group's results for the review period will be published on SENS
on or about 26 May 2020.

The financial information on which this announcement is based has not
been reviewed or reported on by the Group’s external auditors.




Midrand
14 May 2020

Sponsor
The Standard Bank of South Africa Limited

Date: 14-05-2020 03:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.