The report covers the operational activities of Famous Brands Limited (Famous Brands or the Company), its subsidiaries (together referred to as the Group), and its associates in all territories where the Company operates. These territories are South Africa (SA), the Southern African Development Community (SADC), the rest of Africa and the Middle East (AME) and the United Kingdom (UK).

Unless stated otherwise, the statistics in this report pertain to the SA business (excluding our associates). Statistics related to a specific geographic territory are denoted as such.

We describe our Environmental, Social and Governance (ESG) objectives and initiatives, including detailed reporting on the performance against our ESG Framework, environmental impact and CSI.

The Board approved management's basis for determining materiality for selecting the information disclosed in this report. This report provides information on all matters that are material to our value creation process. This includes matters that are most material to the development and execution of strategy and our ability to create stakeholder value and contribute to the Group's continued success. Our operating context , our strategy, our key stakeholders' interests and our key risks were considered when selecting the information included in this report.

This report was prepared according to relevant regulations, standards and best practices. Famous Brands aligns its reporting with the following reporting requirements and principles:

• The International Integrated Reporting Framework, 2021.
• King IV Report on Corporate Governance™ for South Africa, 2016 (King IV).
• IFRS® Accounting Standards as issued by the International Accounting Standards Board (IASB).
• The Companies Act, No. 71 of 2008, as amended (Companies Act).
• The SAICA Financial Reporting Guides as issued by the Financial Reporting Standards Council.
• The JSE Listings Requirements.

The Group's combined assurance model here, leverages the assurance obtained from management and internal and external assurance providers, while a strong ethical environment and internal controls ensure compliance. We rely on our internal controls and management review to assure our internal financial and operational information.

Our consolidated and company financial statements are independently audited by KPMG Inc, as required by law and regulations with the objective of obtaining an opinion whether the financial statements are fairly presented and free from material misstatement. Our Broad-Based Black Economic Empowerment (B-BBEE) certificate is verified by Honeycomb BEE Rating. Our annual greenhouse gas (GHG) emissions are assessed and verified by The Carbon Report.