Good corporate governance is essential to ensure that Famous Brands’ entrepreneurial energy is matched with the appropriate checks and balances. 97% Average Board and Committee meeting attendance 278 years Board members’ aggregate years of experience 60% Board independence 30% female Gender diversity Compliance Statement The Board confirms that for the year ended 28 February 2022, the Group complies with the provisions of the Companies Act and is operating in conformity with its Memorandum of Incorporation. The Board further confirms the application of the King IV™ Code of Corporate Governance. The Group’s King IV application register is available at https://famousbrands. co.za/governance/king-iv-register/ Major Board decisions • Approved the continued support to franchisees through royalty and marketing fee reductions and deferrals. • Approved the appointment of Deon Fredericks as the Group Financial Director. • Approved the appointment of Fagmeedah Petersen-Cook and Busisiwe Mathe to the Board. • Approved the minority shareholder buy-outs in LUPA Osteria and Turn ‘n Tender. • Approved the purchase of the 51% shareholding intere st in Lexi’s Healthy Eatery. • Approved the closure of Gauteng Bakery. • Approved the sale of Famous Brands Great Bakery Company.

The Board is satisfied that it has fulfilled its responsibilities in accordance with its Board Charter for the 2022 financial year.

The Board and its Committees have Charters that are reviewed on an annual basis. The latest reviews took place in 2022, and where necessary, the Charters were amended or updated in line with the King IV recommendations and the JSE Listings Requirements.

The Board is satisfied that the Limits of Authority Framework contributes to role clarity, accountability and the effective exercise of authority and responsibilities.