Satisfaction of key offer condition

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RESTAURANT BRANDS NEW ZEALAND LIMITED

NZX/ASX release
1 March 2019


Restaurant Brands updates market on satisfaction of key offer condition

On 10 December 2018, Finaccess Capital, S.A. de C.V. (“Finaccess Capital”), through its
subsidiary Global Valar S.L., made a partial takeover offer for up to 75% of Restaurant Brands
New Zealand Limited (NZX/ASX: RBD, “Restaurant Brands”) shares at NZ$9.45 cash per
share (the “Partial Takeover”).

Today, Finaccess Capital have informed Restaurant Brands that they have been granted
consent in respect of the Partial Takeover by the New Zealand Overseas Investment Office.
The key remaining conditions
1
of the Partial Takeover are the consent by certain subsidiaries
of Yum! Brands, Inc., the owner of the KFC, Pizza Hut and Taco Bell brands franchised to
Restaurant Brands, and the receipt of acceptances which would result in Global Valar S.L.
acquiring 75% of the Restaurant Brands’ shares on issue.

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 Capital
Please
contact:

Begoña Orgambide Geoff Senescall


Director of Investor Relations PR Adviser

+52 55 5540 2527 (ext. 1152)

+64 21 481 234





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The offer will still be subject to the conditions in clause 5.4 of Finaccess Capital’s offer document (e.g. conditions dealing with
material adverse change and business conduct conditions). See pages 19 and 20 of Finaccess Capital’s offer document for
more information.

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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 sold 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