Partial Takeover Proposal Received

RESTAURANT BRANDS NEW ZEALAND LIMITED


18 October 2018
NZX/ASX



Restaurant Brands announces receipt of proposal for acquisition of up to 75% of its
shares at $NZ9.45 cash per share

The Board of Restaurant Brands New Zealand Limited (NZX/ASX: RBD, “Restaurant Brands”)
announces that it has received a non-binding indicative approach from Finaccess Capital, S.A.
de C.V. (“Finaccess”) to acquire up to 75% of Restaurant Brands’ shares by way of a partial
takeover offer at NZ$9.45 cash per share (“Proposal”).

The Proposal does not constitute a takeover notice pursuant to the Takeovers Code.
Restaurant Brands and Finaccess are in discussions to seek to agree and finalise the terms
of any takeover implementation arrangements which, if agreed, could result in Finaccess
issuing a takeover notice to Restaurant Brands. There is no guarantee at this stage that
agreement will be reached or that Finaccess will advance the Proposal to the point where a
takeover notice is issued.

Finaccess is an international company with a focus on high quality businesses with growth
potential, including in the global consumer retail sector. Finaccess (along with its associated
entities) has significant experience in owning and operating international branded quick
service and casual dining restaurants, including holding a controlling interest in AmRest
Holdings SE which operates KFC, Pizza Hut, Burger King and Starbucks branded outlets and
several owned brands across Europe and China.

If Finaccess does proceed to make a takeover, the offer would be subject to various
conditions, including Overseas Investment Office consent and receiving consent from certain
subsidiaries of Yum! Brands Inc., the owner of the KFC, Pizza Hut and Taco Bell brands
franchised to Restaurant Brands.

As the price offered in the Proposal is subject to adjustment for any dividend paid by
Restaurant Brands, the Board of Restaurant Brands has resolved not to declare an interim
dividend in respect of the FY19 financial year at this time. If the Proposal does not result in
a takeover by Finaccess, the Board of Restaurant Brands will consider declaring a dividend at
a later stage.

The Board of Restaurant Brands recommends that shareholders do not take any action in
respect of the Proposal unless and until Finaccess proceeds with a formal takeover offer and
shareholders receive Restaurant Brands’ Target Company Statement in response to that
takeover offer (including the independent adviser’s report required under the Takeovers
Code).

Shareholders who are considering selling or buying shares before then are recommended to
seek their own professional advice.

The Board of Restaurant Brands will seek to update shareholders over the coming weeks.
Restaurant Brands is being advised by Macquarie Capital and Harmos Horton Lusk.

Ends

For more information regarding Restaurant Brands

Please contact: Grant Ellis Russel Creedy
Company Secretary Chief Executive Officer
+64 9 525 8700 +64 9 525 8700




For more information regarding Finaccess

Please contact: Begoña Orgambide
Director of Investor Relations
+52 55 5540 2527 (ext. 1152)

About Restaurant Brands
Restaurant Brands is a corporate franchisee and specialises in managing multi-site branded
food retail chains. Listed on the NZX and the ASX, Restaurant Brands has annual sales of
c.NZ$740 million. As of February 2018, Restaurant Brands had 314 stores: 94 KFC New
Zealand, 61 KFC Australia, 36 Pizza Hut New Zealand, 22 Starbucks (which Restaurant
Brands has agreed to sell, with completion expected on 23 October 2018), 19 Carl's Jr., 37
Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs more than 9,000 staff across
New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day.
www.restaurantbrands.co.nz



About Finaccess Capital
Finaccess Capital is a growing company with a strong presence in the casual dining and
quick service restaurant sector, as well as in the real estate business, in close to 20
countries in Europe and Asia. The company supports strong brands in attractive markets,
working to maximise their potential and create value with a uniquely long-term horizon, while
leveraging its expertise to contribute to their operations. Finaccess Capital’s current major
investments in public companies include a controlling interest in AmRest, a European casual
dining and quick service restaurant operator, and a minority interest in Inmobiliaria Colonial,
a Spanish real estate business.
Finaccess Capital is part of Grupo Finaccess, which includes several other companies and
holds assets in Mexico, the US, Europe and Asia, offering a unique portfolio of financial,
operative, and investment services to a diverse client base.
www.grupofinaccess.com