FBR 201612120007A
Announcement relating to significant error contained in Business Times' rich list "The Big Earners" table

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”

SIGNIFICANT ERROR CONTAINED IN THE BUSINESS TIMES’ RICH LIST
‘THE BIG EARNERS’ TABLE, PERTAINING TO KEVIN HEDDERWICK

The Board of Directors (“the Board”) would like to draw
attention to the serious error contained in the Business
Times’ Rich List, published on 11 December 2016, specifically,
the Big Earners’ Table, in which it is stated that Famous
Brands’ Strategic Advisor, Kevin Hedderwick, earned a salary
of R45.991 million.    This figure should in fact be R4.591
million, as reflected in the Group’s Annual Financial
Statements published on 19 June 2015.

This error has caused Mr Hedderwick significant distress and
embarrassment and reflects negatively on the remuneration
policies and practices of the Group.     Given the potentially
damaging impact of this error on the Group’s reputation, the
Board would like to advise stakeholders that a letter has been
submitted to the editor of the Business Times requesting the
publication to issue an apology and correction in this regard.

Midrand
12 December 2016


Sponsor
The Standard Bank of South Africa Limited

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