PDMR Shareholding and change to voting rights

28 August 2019

Franchise Brands plc

("Franchise Brands", the "Company" or "Group")

Exercise of options, grant of options, director shareholdings

and change to total voting rights

Franchise Brands plc (AIM: FRAN), an international multi-brand franchisor, announces that its Remuneration Committee has approved the grant of a total of 125,000 EMI share options to senior management and employees of the Group ("Option Grants"). These options were granted under the Company's long-term incentive plan share option scheme (the "Scheme") and are exercisable at the closing mid-market price of ordinary shares on 23 August 2019, being 84p per share, subject to certain performance criteria pursuant to the Scheme. The options expire on 23 August 2029 if not exercised.

In addition, existing EMI options have been exercised over a total of 909,090 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), of which 606,060 was by certain directors (together, the "Option Exercises") as follows:

Following the Options Grants and the Option Exercises, the Company has a total of 3,523,561  options over ordinary shares outstanding under the Scheme.

Issue of equity

The Option Exercises will be fulfilled in part by the 513,700 Ordinary Shares held in treasury and in part by the issue of 395,390 new Ordinary Shares.  Application has been made for the admission to trading on AIM ("Admission") of the 395,390 new Ordinary Shares issued pursuant to the Option Exercises and it is expected that Admission will occur on or around 2 September 2019.

In accordance with AIM Rule 17, the Company announces that the total beneficial interest of Mr Nigel Wray, Non-Executive Director of the Company, remains unchanged at 21,720,120  Ordinary Shares, but upon Admission will represent 27.80 per cent. of the Company's then issued share capital.

Total voting rights

Following Admission, the Company's issued share capital will consist of 78,127,423 Ordinary Shares, each with one voting right. Pursuant to the Option Exercises, 513,700 Ordinary Shares will come out of treasury today and therefore the Company will no longer hold any Ordinary Shares in treasury. The aforementioned figure of 78,127,423 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.