FBR - Famous Brands - Acquisition of Wimpy UK becomes unconditional

FBR - Famous Brands - Acquisition of Wimpy UK becomes unconditional             
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")                                              
FAMOUS BRANDS` ACQUISITION OF WIMPY UK BECOMES UNCONDITIONAL                    
On 27 February 2007, Famous Brands announced that subject to conditions         
precedent, it had acquired a 75% stake in Ludgate 282 Ltd ("Wimpy UK"), thereby 
achieving the group`s stated strategic intent to enter the first world branded  
QSR/Casual Dining market via acquisition.  The remaining 25% shareholding is    
owned by Halifax Bank of Scotland.  The acquisition consideration is UK GBP3    
million, with a further UK GBP2 million to be invested in re-energising the     
brand.  The UK GBP5 million total investment will be funded through a           
combination of cash reserves and debt finance.                                  
The deal was conditional on the Wimpy UK funding agreements becoming            
unconditional.                                                                  
Famous Brands is pleased to report that the acquisition of Wimpy UK has become  
unconditional with immediate effect.                                            
Rosebank                                                                        
7 March 2007                                                                    
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Attorneys                                                                       
HR Levin Attorneys, Notaries and Conveyancers                                   
Date: 07/03/2007 17:11:27 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.