Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 31 August 2015
Famous Brands Limited
Incorporated in the Republic of South Africa
Registration number: 1969/004875/06
JSE share code: FBR
ISIN code: ZAE000053328
Unaudited condensed consolidated interim financial results
for the six months ended 31 August 2015
Financial highlights
- Revenue up to R1.998 billion
+27%
- Operating profit up to R347 million
+14%
- Headline earnings per share up to 241 cents
+14%
- Dividends up to 190 cents per share
+ 23%
GROUP PERFORMANCE OVERVIEW
The reporting period presented a number of challenges - both external and internal - for Famous Brands. Generally
subdued economic conditions and constrained consumer spend were experienced in most of the Group ’s trading markets. In
addition the business undertook a range of ambitious projects to integrate new high-volume low-margin business into its
Manufacturing and Logistics operations, which proved more onerous than anticipated.
Notwithstanding these challenges, the Group reported a strong increase in revenue. However, this pleasing top-line
turnover growth failed to translate into corresponding growth in operating profit, largely due to the sub-optimal
integration of the new Supply Chain projects into the business. In addition, the final phase of the Group ’s Fit-4-Purpose
initiative, a programme aimed at bringing the business closer to its customers (franchisees) and consumers, incurred further
costs. This investment has now been concluded and the resulting structure will play a significant role in building
capacity and capability for the Group ’s ongoing growth.
FINANCIAL RESULTS
Group revenue grew by 27% to R1.998 billion (2014: R1.572 billion), while operating profit increased 14% to R347
million (2014: R303 million). The operating margin declined to 17.4% (2014: 19.3%) primarily as a function of margin erosion
in the Logistics business.
Basic earnings per share (EPS) increased by 14% to 242 cents per share, while headline earnings per share (HEPS) rose
14% to 241 cents. Diluted EPS improved 13% to 240 cents per share, while diluted HEPS grew by 14% to 240 cents per
share.
Cash generated by operations before changes in working capital improved by 21% to R385 million (2014: R318 million).
Working capital increases totalled R108 million, resulting in a net cash flow from operating activities of R149 million
(2014: R162 million).
Net cash outflow from investing activities of R117 million (2014: R60 million) was incurred primarily on acquiring
controlling stakes in Retail Group (Pty) Ltd and Cater Chain Food Services (Cater Chain).
No borrowings were raised during the period. The Group ’s net borrowings of R45 million (2014: R25 million) represent a
low net debt equity of 3% (2014: 2%).
OPERATIONAL REVIEWS
Franchising
The Group ’s Franchise division comprises three regions, namely: South Africa, Rest of Africa and International (United
Kingdom and the Middle East). As at 31 August 2015 the Group ’s global footprint comprised 2 565 restaurants.
Combined revenue recorded by this division increased 7% to R321 million (2014: R299 million), while operating profit
improved 4% to R181 million. System-wide sales across the total franchise network grew 10.3%, while like-on-like sales
increased 4.9%. Significantly, the Group ’s mainstream brands grew system-wide sales by an average 10% and like-on-like
sales by 5.2%. The Group ’s emerging brands also delivered a satisfying performance.
These solid results are testament to the Group ’s deliberate strategy of building a portfolio of brands which appeal to
consumers across a wide range of dining occasions and income groups.
The Group opened 75 restaurants across its brand portfolio during the period. A further 139 new restaurants are
scheduled for opening during the remainder of the current fiscal year.
South Africa
Despite sustained economic and household financial pressure, the food services industry registered above-inflation
value growth during the reporting period, reflecting that eating out has become part of the fabric of the social lives of
the majority of middle-income and high-income consumers in South Africa.
In the six months under review, good growth was reported across almost all of the Group ’s brands. System-wide sales,
including new restaurants, grew 9.1% and same store sales increased 5.2%.
Sixty four (2014: 96) new restaurants were opened across the South African network during the period. The Group plans
to open a further 116 restaurants in its home market in the forthcoming six months.
Mugg & Bean delivered a standout performance during the period, recording robust double digit growth. This brand
continues to demonstrate extreme resilience as well as strong long-term growth potential, not only in South Africa but across
the Rest of Africa as well. Management is confident that Mugg & Bean, together with the Group ’s other bouquet of niche
coffee-related brands, will withstand competition from new global entrants.
Once again, Debonairs Pizza turned in a stellar performance, reporting both organic and numeric growth. As predicted
by management, the much-publicised arrival of new participants in the pizza category has done nothing to slow down the
performance of this brand, and in contrast, has served to grow the category, a development which Debonairs Pizza continues
to benefit from.
A range of revamps were undertaken across the Group’s brand portfolio, including significant work on the Steers
brand’s creative platform, menu and promotional offering; in the period since this intervention was implemented, strong growth
has been reported.
The Group’s stated strategy is to ensure its brands are represented at all major consumer hubs across the country and
are therefore well positioned to capture any available spend. In this regard, new tenders were awarded to Steers and
Debonairs Pizza at OR Tambo Airport, while Debonairs Pizza was awarded a site at Cape Town International Airport.
Rest of Africa
The Group trades in 16 countries in this region. System-wide sales reported by the division grew by 22.6% in line with
management expectations. This territory now contributes 9.5% (2014: 8.6%) of total franchise system-wide sales.
Eleven restaurants were opened during the period, and a further 21 are planned for the balance of the year.
Sustained growth of the pizza category in the Rest of Africa region and strong demand for Debonairs Pizza’s offering
continues to drive expansion of this brand, which recorded double digit system-wide sales. The Debonairs Pizza-Shoprite
Master Licence arrangement in Angola has bedded down well and will gain traction in the second half of the year with the
opening of a further five restaurants.
Steers also reported a strong performance in the region, delivering a 20% increase in system-wide sales. New
restaurants were opened in Zimbabwe, Malawi and Botswana.
INTERNATIONAL
United Kingdom (UK)
The Group’s UK operation delivered satisfactory results. While revenue in Sterling declined, revenue in Rand terms
remained in line with the prior comparative period at R53 million. Operating profit grew by 12% to R9.8 million
(2014: R8.8 million) and the operating profit margin rose to 18.4% (2014: 16.4%).
During the period the UK management team was restructured to position the business for future growth. Two new
restaurants, one Wimpy and one Steers, will be opened in the balance of the current fiscal year.
The Steers brand continued to gain momentum during the six months under review. The Rugby World Cup will provide a
platform to showcase the brand, which should have a positive impact on performance.
Middle East
While this region offers good growth potential for the Group, political instability has frustrated interest from
prospective franchisees. In this context, Debonairs Pizza and Steers reported solid results, but will benefit from increasing
their trading footprint in due course.
tashas’ Dubai restaurant delivered another strong performance, continuing to exceed management’s expectations.
Acquisition of controlling stake in retail group (Pty) Ltd
On 1 August 2015 the Group acquired a 51% controlling stake in Retail Group (Pty) Ltd, Botswana, Famous Brands’ Master
Licence partner in Botswana, marking the commencement of a new strategic thrust in the Group’s growth programme. The
rationale for this strategy is twofold: firstly, to acquire outright or take a controlling stake in existing Master
Licence territories in neighbouring countries whereby the Group can exercise complete influence over its brands, and secondly,
to test the Group’s mettle in company-owned stores in advance of a potential broader foray into that arena.
The purchase consideration fell below the threshold of a categorised transaction in terms of the Listings Requirements
of the JSE Limited and was settled from cash reserves. All due diligence and regulatory conditions have been met.
The benefits of this acquisition will begin to accrue in the second half of the current fiscal year.
SUPPLY CHAIN
Famous Brands’ integrated Supply Chain comprises its Logistics and Manufacturing businesses, which are managed and
measured separately. In the review period consolidated revenue increased by 33% to R1.58 billion; in line with this,
operating profit rose 33% to R144 million. The operating margin was 9.1% (2014: 9.1%).
LOGISTICS
This division reported revenue of R1.35 billion (2014: R1.04 billion), an increase of 29%, while operating profit rose
by 12% to R43 million. This disparity is largely due to the initial set-up costs of commissioning the Group’s new Crown
Mines Distribution Centre, designed to take on the Gauteng region’s previously outsourced frozen and chilled product
basket. The facility was commissioned in May 2015, and it is anticipated that costs will stabilise in this high-volume
low-margin business once the operation builds momentum. The operating margin declined to 3.2% (2014: 3.7%).
During the period, capital expenditure of R15 million was incurred on fleet expansion and facility upgrades.
MANUFACTURING
This division recorded an increase in revenue of 42% to R848 million including the first-time contribution of the
high-volume Cater Chain meat manufacturing business acquired in April 2015. Operating profit improved 45% to
R101 million, while the operating margin rose very slightly to 11.9% (2014: 11.7%), contained by the impact of the
low-margin Cater Chain business and the delayed integration of the previously outsourced pork and Halaal products
business due to unforeseen Competition Commission conditions. The initial take-on of these products finally commenced
on 1 October 2015, six months later than anticipated.
Margins were also forfeited in the deliberate strategy to support franchisees’ price competitive offering to
cost-conscious consumers.
Capital expenditure of R20 million was incurred, primarily on enhancing the Coega Cheese operation to expand its
production capacity and capability.
DIRECTORATE: APPOINTMENT OF A NON-EXECUTIVE DIRECTOR
Mr Moses Kgosana was appointed as an Independent non-executive director to the Board with effect from 22 May 2015.
Moses, a Chartered Accountant (SA), was formerly Chief Executive of KPMG Southern Africa as well as Chairman of
KPMG Africa. He also served as a member of the KPMG International Board as Lead director. Moses has 33 years of accounting,
auditing and advisory experience within the public and private sectors.
The Board welcomes Moses and looks forward to his contribution.
PROSPECTS
Management is resolute in its pursuit of growth strategies outlined at the start of the year, and despite the current
challenges, remains focused on capitalising on the opportunities presented, including:
Franchising
This division’s performance will be enhanced with the opening of 139 additional restaurants in new markets across the
Group’s network; continued investment across the Group’s existing brand portfolio aimed at driving same-store growth;
and the benefits accruing from the integration of the franchise operation in Botswana.
In addition, given the good results delivered by the Group’s table service evening-dining restaurants, and in line
with management’s stated intent, further opportunities to expand in this market segment will be pursued.
Logistics
Management is optimistic that as the Crown Mines Distribution Centre facility is bedded down, opportunities exist to
enhance efficiencies and extract economies of scale across the Gauteng region. In this light, the Logistics division’s
margins should normalise and improve.
Manufacturing
In the forthcoming period a range of capacity building projects will be implemented in this division:
- Thirty per cent of the Group’s pork basket requirement was integrated into the Cater Chain business from 1 October
2015. The balance of the basket will be phased-in over the next two and a half years, in line with Competition Commission
conditions. Once completed this development is expected to transform the Cater Chain business.
- A cream cheese manufacturing facility within the Coega Cheese plant was commissioned in September 2015 and is expected
to be at full production capacity by the end of October 2015. This advancement will provide an additional income stream
to the business.
- The Group’s new serviette manufacturing plant has been commissioned and commenced production in September 2015. The
full benefits of this new facility for the business will be manifested in the forthcoming period.
- Previously outsourced bakery volumes in the Eastern Cape and Gauteng will be introduced into the Group’s Bakery
plants, providing opportunity to grow turnover and margin in this division.
In conclusion, management is satisfied that this range of interventions across the component parts of the business,
Franchising, Logistics and Manufacturing, will enhance the Group’s performance over the next six months.
On behalf of the Board
SL Botha KA Hedderwick
Independent Chairman Group Chief Executive
Midrand
22 October 2015
DIVIDEND ANNOUNCEMENT
The dividend has been declared from income reserves, which are in excess of operational requirements. The dividend
cover of 1.3 times is considered sustainable in light of Famous Brands’ strong cash-generating ability.
Notice of interim dividend declaration number 42 and salient features
Notice is hereby given that an interim gross dividend of 190 cents (2014: 155 cents) per ordinary share, payable out of
income, has been declared in respect of the six months ended 31 August 2015. The salient dates for the payment of the
interim dividend are detailed below:
Last day to trade cum-dividend Friday, 27 November 2015
Shares commence trading ex-dividend Monday, 30 November 2015
Record date Friday, 4 December 2015
Payment of dividend Monday, 7 December 2015
Share certificates may not be dematerialised or re-materialised between Monday, 30 November 2015 and Friday, 4 December 2015,
both dates inclusive.
In terms of Dividends Tax legislation, the following additional information is disclosed:
- The local Dividend Tax rate is 15%.
- The net local dividend amount is 161.50 cents per share for shareholders liable to pay the Dividends Tax (2014: 131.75
cents) and 190 cents per share for shareholders exempt from paying the Dividends Tax (2014: 155 cents).
- The issued share capital of Famous Brands is 99 812 435 ordinary shares.
- Famous Brands’ tax reference number is 9208085846.
By order of the Board
K Ntlha
Company Secretary
Midrand
22 October 2015
Condensed consolidated statement of financial position
at 31 August 2015
Unaudited Unaudited Audited
31 August 31 August 28 February
2015 2014 2015
R000 R000 R000
ASSETS
Non-current assets 1 340 727 1 176 611 1 196 839
Property, plant and equipment 251 816 202 250 208 951
Intangible assets 1 022 226 910 936 922 576
Investments in associates 58 106 54 240 57 568
Deferred tax 8 579 9 185 7 744
Current assets 754 204 568 622 655 421
Inventories 287 740 214 729 186 513
Current tax assets 55 635 6 165 26 404
Trade and other receivables 410 829 339 751 316 276
Cash and cash equivalents - 7 977 126 228
Total assets 2 094 931 1 745 233 1 852 260
EQUITY AND LIABILITIES
Equity attributable to owners of Famous Brands Limited 1 463 046 1 281 891 1 389 388
Non-controlling interests 46 024 20 434 27 766
Total equity 1 509 070 1 302 325 1 417 154
Non-current liabilities 69 312 50 370 58 702
Lease liabilities 7 703 - 2 937
Deferred tax 61 609 50 370 55 765
Current liabilities 516 549 392 538 376 404
Trade and other payables 428 748 316 587 331 256
Non-controlling shareholder loans 23 458 30 142 24 449
Short-term portion of interest-bearing borrowings - 32 513 -
Current tax liabilities 19 643 13 296 20 699
Bank overdrafts 44 700 - -
Total liabilities 585 861 442 908 435 106
Total equity and liabilities 2 094 931 1 745 233 1 852 260
Condensed consolidated statement of profit or loss and other comprehensive income
for the six months ended 31 August 2015
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 % 2015
R000 R000 change R000
Revenue 1 997 831 1 571 682 27 3 283 342
Cost of sales (1 165 248) (886 467) (1 832 522)
Gross profit 832 583 685 215 22 1 450 820
Selling and administrative expenses (485 872) (382 199) 27 (778 796)
Operating profit 346 711 303 016 14 672 024
Net interest income/(expense) 1 085 (323) (269)
Share of profit of associates 1 938 3 056 7 608
Profit before tax 349 734 305 749 14 679 363
Tax (96 625) (85 623) (194 651)
Profit after tax for the period 253 109 220 126 484 712
Exchange differences on translating foreign operations* 38 248 (4 810) (2 957)
Total comprehensive income for the period 291 357 215 316 481 755
Profit after tax attributable to:
Owners of Famous Brands Limited 241 291 210 513 465 756
Non-controlling interests 11 818 9 613 18 956
253 109 220 126 484 712
Total comprehensive income attributable to:
Owners of Famous Brands Limited 279 539 205 703 462 799
Non-controlling interests 11 818 9 613 18 956
291 357 215 316 481 755
Earnings per share
Basic earnings per share (cents) 242 212 14 468
Diluted earnings per share (cents) 240 212 13 468
* This item may be reclassified subsequently to profit or loss.
Condensed consolidated statement of changes in equity
for the six months ended 31 August 2015
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 2015
R000 R000 R000
Balance at the beginning of the period 1 417 154 1 234 948 1 234 948
Total comprehensive income for the period 291 357 215 316 481 755
Dividends to shareholders (204 552) (170 506) (327 389)
Share-based payments 1 593 929 1 992
Share premium 23 19 983 24 106
Changes in ownership (9 032) - -
Disposal of non-controlling interest 580 - -
Non-controlling interests arising on business combinations 11 947 1 655 1 742
Balance at the end of the period 1 509 070 1 302 325 1 417 154
Condensed consolidated statement of cash flows
for the six months ended 31 August 2015
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 2015
R000 R000 R000
Cash generated before changes in working capital 384 814 318 026 716 902
Increase in inventories (71 667) (33 258) (5 066)
Increase in receivables (74 567) (59 205) (36 694)
Increase in payables 38 396 21 321 38 093
Cash generated from operations 276 976 246 884 713 235
Net interest received/(paid) 1 085 (323) (269)
Tax paid (128 569) (84 460) (201 524)
Cash available from operating activities 149 492 162 101 511 442
Dividends paid (204 552) (169 090) (326 969)
Net cash (outflow)/inflow from operating activities (55 060) (6 989) 184 473
Cash flow from investing activities
Additions to property, plant and equipment (34 789) (14 881) (46 124)
Intangible assets acquired (1 477) (1 644) (9 382)
Proceeds from disposal of property, plant and equipment 2 033 1 483 3 098
Proceeds from disposal of intangible assets - 375 375
Net cash outflow on investments in subsidiaries (83 894) (47 033) (47 334)
Net cash inflow on investment in associates - 1 750 -
Dividends received from associates 1 400 - 2 975
Net cash outflow from investing activities (116 727) (59 950) (96 392)
Cash flow from financing activities
Borrowings repaid - (32 487) (65 000)
Acquired from non-controlling interest in subsidiary (9 612) - -
Proceeds from issue of equity instruments of Famous Brands Limited 23 19 983 24 106
Cash (repaid to)/contributed by non-controlling shareholders (991) 799 (4 895)
Net cash outflow from financing activities (10 580) (11 705) (45 789)
Net (decrease)/increase in cash and cash equivalents (182 367) (78 644) 42 292
Foreign currency effect 11 439 (4 078) (6 763)
Cash and cash equivalents at the beginning of the period 126 228 90 699 90 699
Cash and cash equivalents at the end of the period (44 700) 7 977 126 228
Primary (business units) and secondary (geographical) segment report
for the six months ended 31 August 2015
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 % 2015
R000 R000 change R000
Revenue
Franchising and Development 321 374 298 976 7 615 038
Supply Chain 1 581 594 1 190 146 33 2 506 610
Manufacturing 848 102 596 631 42 1 257 691
Logistics 1 346 252 1 044 827 29 2 223 196
Eliminations (612 760) (451 312) 36 (974 277)
Corporate 1 287 719 1 740
South Africa 1 904 255 1 489 841 28 3 123 388
International (Rest of Africa and UK) 93 576 81 841 14 159 954
UK 53 457 53 432 - 102 470
Rest of Africa 40 119 28 409 41 57 484
Total 1 997 831 1 571 682 3 283 342
Operating profit
Franchising and Development 180 697 173 908 4 365 353
Supply Chain 143 908 108 159 33 261 725
Manufacturing 101 046 69 889 45 172 538
Logistics 42 862 38 270 12 89 187
Corporate (389) 1 457 1 349
South Africa 324 216 283 524 14 628 427
International (Rest of Africa and UK) 22 495 19 492 15 43 597
UK 9 830 8 767 12 20 584
Rest of Africa 12 665 10 725 18 23 013
Total 346 711 303 016 672 024
Statistics and ratios
for the six months ended 31 August 2015
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August % 28 February
2015 2014 change 2015
Earnings per share (cents)
Basic earnings per share 242 212 14 468
Diluted earnings per share 240 212 13 468
Headline earnings per share 241 212 14 467
Diluted headline earnings per share 240 211 14 467
Dividends per share (cents) 355
Interim 190 155 23 155
Final 200
Ordinary shares (000)
In issue 99 812 99 712 99 807
Weighted average 99 809 99 440 99 581
Diluted weighted average 100 464 99 605 100 236
Operating profit margin (%) 17.4 19.3 20.5
Net debt/equity (%) 3.0 1.9 (8.9)
Net asset value per share (cents) 1 512 1 306 1 420
Dividend cover on headline earnings (times) 1.3 1.4 1.3
Notes to the condensed consolidated interim financial statements
for the six months ended 31 August 2015
Famous Brands Limited (“the company”) is a South African registered company. The condensed consolidated interim financial
statements of the company comprise the company and its subsidiaries (together referred to as “the Group”) and the Group’s
interest in associates.
1. Statement of compliance
These condensed consolidated interim financial statements have been prepared in accordance with the recognition and
measurement criteria of International Financial Reporting Standards (“IFRS”), the presentation as well as disclosure
requirements of IAS 34 Interim Financial Reporting, the SAICA Financial Reporting Pronouncements issued by the Financial
Reporting Standards Council, the JSE Listings Requirements, and the Companies Act of South Africa.
2. Basis of preparation
The accounting policies applied in the presentation of the condensed consolidated interim financial statements are
consistent with those applied for the year ended 28 February 2015, except for new standards that became effective for
the Group’s financial period beginning 1 March 2015, refer to note 3.
The condensed consolidated interim financial statements were prepared on the historical cost basis, under the supervision
of Norman Richards, Group Financial Director.
3. Changes in accounting policies
The Group has adopted the following new standards and amendments to standards, including any consequential amendments to
other standards, with a date of initial application of 1 March 2015:
- Amendments to IFRS 10, IFRS 12 and IAS 27; and
- IAS 32 Financial Instruments: Presentation.
The adoption of the new standards listed above did not have a significant impact on the Group’s condensed consolidated
interim financial statements.
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 2015
R000 R000 R000
4. Earnings per share
4.1 Reconciliation between earnings and diluted earnings
Profit attributable to equity holders of Famous Brands Limited 241 291 210 513 465 756
Adjustment for:
After tax interest receivable on future share placements - 240 3 348
Diluted earnings 241 291 210 753 469 104
Earnings per share (cents)
Basic 242 212 468
Diluted 240 212 468
4.2 Reconciliation between headline earnings and diluted headline earnings
Profit attributable to equity holders of Famous Brands Limited 241 291 210 513 465 756
After tax profit on disposal of property, plant and equipment (464) (193) (526)
After tax remeasurements included in equity-accounted earnings of associates - - (29)
Headline earnings 240 827 210 320 465 201
Adjustment for:
After tax interest receivable on future share placements - 240 3 348
Diluted headline earnings 240 827 210 560 468 549
Headline earnings per share (cents)
Basic 241 212 467
Diluted 240 211 467
Unaudited Unaudited Audited
six months six months year
ended ended ended
31 August 31 August 28 February
2015 2014 2015
R000 R000 R000
5. Financial instruments
The following table summarises the carrying amount of financial assets and
liabilities recorded at 31 August 2015:
Financial assets
Loans and receivables:
Trade and other receivables 402 403 332 540 302 136
Cash and cash equivalents - 7 977 126 228
402 403 340 517 428 364
Financial liabilities
Measured at amortised cost:
Borrowings - 32 513 -
Trade and other payables 420 969 302 803 331 256
Bank overdrafts 44 700 - -
Fair value through profit or loss:
Non-controlling shareholder loan 23 458 30 142 24 449
489 127 365 458 355 705
For financial instruments measured at fair value through profit or loss, in terms of the hierarchy, these are classified
as level 3 as the valuation techniques used are not based on observable market data. For these financial instruments the
carrying amount is equal to its fair value as these loans are interest-free and have no fixed terms of repayment.
6. Related party transactions
The Group entered into various sale and purchase transactions with related parties, in the ordinary course of business, on
an arm’s length basis. The nature of related party transactions is consistent with those reported previously.
7. Business combinations
The Group acquired controlling stakes in Cater Chain Food Services (Pty) Ltd and Retail Group (Pty) Ltd (Botswana) effective
1 April 2015 and 1 August 2015 respectively. The initial accounting for these acquisitions is in the process of being finalised.
Directors and administration
Directors
NJ Adami, SL Botha (Independent Chairman), CH Boulle, P Halamandaris, P Halamandaris (Jnr), T Halamandaris,
JL Halamandres, RM Kgosana, KA Hedderwick (Group Chief Executive)*, DP Hele (Chief Executive Officer - Food
Services)*, NS Richards (Group Financial Director)*
and BL Sibiya
*Executive
Company Secretary
K Ntlha
Registered office
478 James Crescent, Halfway House, Midrand, 1685
PO Box 2884, Halfway House, 1685
Telephone: +27 11 315 3000
Email: investorrelations@famousbrands.co.za
Website address: www.famousbrands.co.za
Transfer secretaries
Link Market Services (Pty) Ltd
Registration number: 2000/007239/07
Rennie House, 19 Ameshoff Street, Braamfontein, 2001
PO Box 4844, Johannesburg, 2000
Sponsor
The Standard Bank of South Africa Limited
Registration number: 1969/017128/06
30 Baker Street, Rosebank, 2196
Auditors
Deloitte & Touche
Bankers
Absa Bank Limited
Bidvest Bank Limited
FirstRand Bank Limited
Investec Bank Limited
Nedbank Limited
Standard Bank Limited
www.famousbrands.co.za
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