FAMOUS BRANDS LIMITED - Refinancing Of Debt Facilities

Refinancing Of Debt Facilities

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")

REFINANCING OF DEBT FACILITIES

Famous Brands is pleased to announce that it has successfully concluded a refinancing process with
Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division, hereinafter
referred to as the "Lender") for new debt funding in an aggregate amount of R1.675 billion ("New
Funding").

The New Funding will be used to, inter alia, refinance the existing facilities. These facilities include legacy
debt, as well as additional funding raised to fund the acquisition and development of its Midrand Campus.
In 2023, further funding was provided to the Company for the construction of a cold storage facility
("Existing Facilities"). The Existing Facilities were secured by two separate mortgage bonds.

The Company has now concluded a five-year term loan facilities in the amount of R800 million; a one year
term loan facility in an amount of R275 million, a three-year revolving credit facility (RCF) in the amount
of R500 million (with an ability for the Company to request renewal for two further one year periods) and
a one-year general banking facility (GBF) in the amount of R100 million, which is renewable annually ("New
Facilities"). The New Facilities are unsecured and have been concluded on terms more favourable than the
Existing Facilities. Upon the implementation of the New Facilities, the existing mortgage bonds will be
cancelled.

The terms of the new debt structure are listed below:

 NEW FACILITIES
 Type                        Tenure                      Base Rate                      Proposed Limit
 Fully Amortising            5 years                   3-month Jibar                     R400,000,000
 Bullet                      5 years                   3-month Jibar                     R400,000,000
 1-year                      1 year                    3-month Jibar                     R275,000,000
 RCF                         3 years                      Prime                          R500,000,000
 GBF                        364 days                   3-month Jibar                     R100,000,000
                                                                                        R1,675,000,000

This new funding structure will provide the Company with greater optionality and flexibility regarding
capital allocation.

Famous Brands extends its sincere appreciation to the Lender for their continued support of our vision as
Africa's leading food services franchisor with a portfolio of iconic and loved brands, supported by a
vertically integrated business model, which enables economies of scale and predictability in challenging
operating environments. We have demonstrated sustained operational resilience through various
macroeconomic cycles and an evolving operating landscape since our listing on the JSE in 1994.
Marsden Advisory acted as debt adviser and Webber Wentzel as legal counsel to Famous Brands for the
transaction.


Midrand
17 December 2025

Sponsor
The Standard Bank of South Africa Limited

Debt Advisor
Marsden Advisory

Legal Counsel
Webber Wentzel

Date: 17-12-2025 07:05:00
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