Famous Brands Limited announced that 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 announced 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; Nomination Committee: Chris Boulle ?

Chairman; Alex Maditse; Busi Mathe. Investment Committee: Fagmeedah Petersen-Cook - Chairman William Mzimba; Chris Boulle; Thabo Mosololi.