RB 85/2016 Amendment to Binding Head of Terms between AmRest and Pizza Hut Europe Sarl

In regards to RB 43/2016 dated May 24th, 2016, the Management Board of AmRest Holdings SE (“AmRest”, the “Company”) informs about signing on June 30th, 2016 the Amendment to Binding Head of Terms (“HoT”) determining the key terms and conditions on, and subject to which, Pizza Hut Europe (“PH Europe”) would be willing to proceed with a potential transaction with AmRest whereby AmRest and PH Europe would enter into a Definitive Agreement, Master Franchise Agreement (“MFA”), Development Agreement (“DA”) and related International Franchise Agreements and Shareholder Deed(s) (collectively: the “Agreements”). The Amendment extends the term of HoT, and simultaneously the period during which the Agreements shall be executed, to July 15th, 2016. If the parties fail to execute the Agreements by that day, the HoT will terminate immediately.

Remaining provisions of the HoT have not changed.

Legal act:

Art. 56 Sec. 1 Point 1 of Act on public offering, conditions governing the introduction of financial instruments to organized trading and public companies dated July 29th 2005