FAMOUS BRANDS LIMITED - Changes to the board of directors

Changes to the board of directors

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 or the Group)

RETIREMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTORS AND APPOINTMENT
OF NON-INDEPENDENT AND INDEPENDENT NON-EXECUTIVE DIRECTORS

RETIREMENT OF NON-INDEPENDENT NON-EXECUTIVE DIRECTORS

The Board of Directors of the Company (‘the Board’) would like to
advise shareholders that Messrs Panagiotis (Peter) Halamandaris, (70),
Theofanis Halamandaris, (66), and Periklis Halamandaris, (62), have
retired from the Board with immediate effect.

The Board wishes to record its appreciation for their significant
contribution to the Company since it was founded by them in 1971, and
to the Board over the past 23 years since the Company listed in 1994.

Peter Halamandaris says, “Both the Halamandaris and Halamandres
founding families remain committed to the Group through our 27.60%
shareholding. Management has our full support as they continue to
grow the business and create value for stakeholders.”

Santie Botha, Independent Chairman, says, “It has been a privilege to
work with Peter, Theofanis and Periklis, and while they have retired
from the Board, their legacy in the Company will endure. We wish them
well on their retirement.”

APPOINTMENT   OF   NON-INDEPENDENT   AND   INDEPENDENT   NON-EXECUTIVE
DIRECTORS

Mr Nicolaos (Nik) Halamandaris, (43), has been appointed to the Board
as a non-independent non-executive director to represent the interests
of the Halamandaris families with effect from 9 November 2017. Nik
has extensive experience in the food services industry, having been a
franchisee of many of the Group’s mainstream brands over the past two
decades up until 2010.     He is currently an executive director of
several non-listed property development and construction companies
with primary responsibility for strategy and new business development.

Ms Emma Mashilwane, (42), has been appointed as an independent non-
executive director to the Board and as a member of the Audit Committee.
The appointment is with effect from 1 December 2017. Emma is a
chartered accountant and is currently Head of Risk Advisory Services
at Nkonki Incorporated. She is also a Board member of Tiger Brands
and Murray & Roberts, where she serves on the Audit Committee and the
Audit and Sustainability Committee respectively. Emma was recently
nominated as a finalist in the Businesswomen’s Association of South
Africa 2017 Regional Business Achiever Awards.

Midrand
9 November 2017

Sponsor
The Standard Bank of South Africa Limited

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