FAMOUS BRANDS LIMITED - Withdrawal of cautionary announcement

            
FBR
Withdrawal of cautionary announcement

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)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT PERTAINING TO GBK RESTAURANTS LIMITED
(GBK)

Shareholders are referred to the Trading Statement for the six months ended
31 August 2020 and Renewal of Cautionary Announcement published on SENS on
25 September 2020, in which it was advised that following the Groups decision
to not provide any further financial assistance to GBK, the Board of GBK was
deliberating with its appointed UK advisors on the options available to the
GBK businesses.

The Board of Directors of Famous Brands (Board) is now in a position to
advise shareholders that it has received notice that GBK has entered into
administration in accordance with the insolvency legislation in the UK.
Administrators have accordingly been appointed and have assumed control of
GBK and its UK subsidiaries, including Gourmet Burger Kitchen Limited,(GBK
Group) and will discharge their duties to act in the best interests of
creditors of these companies to achieve the purpose of the administration as
required by UK legislation. This may include an insolvent sale of the business
and assets.

Accordingly, the Cautionary Announcement of 25 September 2020 has been
withdrawn with immediate effect, and caution is no longer required to be
exercised by shareholders when dealing in the securities of the Group.

The financial information on which this announcement is based has not been
reviewed or reported on by the Groups external auditors.

14 October 2020
Midrand

Sponsor
The Standard Bank of South Africa Limited

Date: 14-10-2020 12:35:00
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