Partial Takeover Proposal Update

RESTAURANT BRANDS NEW ZEALAND LIMITED


9 November 2018
NZX/ASX


Restaurant Brands updates market on partial takeover proposal

On 18 October 2018, the Board of Restaurant Brands New Zealand Limited (NZX/ASX: RBD,
“Restaurant Brands”) announced it had received a non-binding indicative proposal 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 Board has been actively engaging with both Finaccess and Yum! Brands Inc. (“Yum!”)
Restaurant Brands’ principal franchisor, on the terms of the Proposal as well as evaluating its
relative merits. These discussions are still continuing and a final outcome is expected to be
announced prior to the end of November.

At this stage there is still no guarantee that agreement will be reached or that Finaccess will
advance the Proposal to the point where a takeover notice is issued.

The Board of Restaurant Brands continues to recommend 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).


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 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