Announcement relating to significant error contained in Business Times' rich list "The Big Earners" table 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” SIGNIFICANT ERROR CONTAINED IN THE BUSINESS TIMES’ RICH LIST ‘THE BIG EARNERS’ TABLE, PERTAINING TO KEVIN HEDDERWICK The Board of Directors (“the Board”) would like to draw attention to the serious error contained in the Business Times’ Rich List, published on 11 December 2016, specifically, the Big Earners’ Table, in which it is stated that Famous Brands’ Strategic Advisor, Kevin Hedderwick, earned a salary of R45.991 million. This figure should in fact be R4.591 million, as reflected in the Group’s Annual Financial Statements published on 19 June 2015. This error has caused Mr Hedderwick significant distress and embarrassment and reflects negatively on the remuneration policies and practices of the Group. Given the potentially damaging impact of this error on the Group’s reputation, the Board would like to advise stakeholders that a letter has been submitted to the editor of the Business Times requesting the publication to issue an apology and correction in this regard. Midrand 12 December 2016 Sponsor The Standard Bank of South Africa Limited Date: 12/12/2016 08:40:00 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.