FAMOUS BRANDS LIMITED - Appointment of Chairman-elect and board changes

Appointment of Chairman-elect and board changes

FAMOUS BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
JSE Share code: FBR
ISIN code: ZAE000053328
("Famous Brands" or "the company")


APPOINTMENT OF CHAIRMAN-ELECT AND BOARD CHANGES

Shareholders are referred to the SENS announcement published on 20 July 2023 wherein shareholders
were informed that Santie Botha, Chairman of the company, will retire and step down from the Board
at the forthcoming annual general meeting ("AGM") to be held in July 2024. Ms Botha has been on
the Board since June 2012 and has served as chairman from October 2013.

The Board is pleased to announce the appointment of Chris Boulle, current independent non-
executive director, as the Chairman of the company with effect from the AGM in July 2024. Chris was
appointed as a non-executive director to the Board in 2014.

He will take over as chairman of the Nomination Committee and will step down as chairman of the
Audit & Risk Committee as well as the Remuneration Committee but will remain a member of the
Remuneration Committee.

The Board is further pleased to announce the appointment of Alex Maditse as lead independent
director with effect from the AGM in July 2024. Alex was appointed as independent non-executive
director to the Board in 2019 and has served as chairman of the Social & Ethics Committee since
October 2021.

Norman Adami will also be retiring at the forthcoming AGM in July 2024 after serving nine years as an
independent non-executive director.

The Board committees will accordingly be reconstituted as follows from the AGM in July 2024:

Audit & Risk Committee

Busi Mathe – Chairman
Thabo Mosololi
Fagmeedah Petersen-Cook

Remuneration Committee

Fagmeedah Petersen-Cook – Chairman
Chris Boulle
William Mzimba
Social & Ethics Committee

Alex Maditse – Chairman
Nik Halamandaris
Busi Mathe
William Mzimba
Darren Hele

Nomination Committee

Chris Boulle – Chairman
Alex Maditse
Busi Mathe

Investment Committee

Fagmeedah Petersen-Cook – Chairman
William Mzimba
Chris Boulle
Thabo Mosololi

Commenting on behalf of the Board on Mr Boulle's appointment, Ms Botha expressed confidence in
the Board's decision stating that: "Chris is a consummate leader and is well positioned to take over as
Chairman. His experience with Famous Brands as well as his general industry knowledge will add great
value to the future direction and growth of the company for the benefit of all stakeholders."

"The Board has put in place well-considered and adequate processes to uphold and safeguard
adherence to good corporate governance at all times. These include, among others, the adoption of a
Board succession plan to ensure Board independence is bolstered," she added.

Further, Ms Botha anticipates a smooth handover from herself to the Chairman-elect as well as a
continued good working relationship between the Chairman-elect, the Board and the Famous Brands
Group CEO, Mr Darren Hele.


Midrand
14 March 2024

Sponsor
The Standard Bank of South Africa Limited

Date: 14-03-2024 09:00:00
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.