Common use of Previous Announcements Clause in Contracts

Previous Announcements. 20.1 In relation to all Previous Announcements, save to the extent corrected in any announcement subsequently made through a Regulatory Information Service made by or on behalf of the Company, since 28 September 2011, each statement contained therein is true and accurate in all material respects and not misleading (by itself or in its context). 20.2 Each expression of opinion or intention or expectation in each Previous Announcement was made on reasonable grounds after due and careful enquiry and was truly and honestly held by the Directors and was fairly based There was no other fact known or which could on reasonable enquiry have been known to the Directors omitted to be disclosed in any Previous Announcement which, by such omission, would make any such statement or expression in any Previous Announcement misleading (by itself or in its context). 20.3 Each Previous Announcement complied in all respects with the AIM Rules, MAR, the Financial Services ▇▇▇ ▇▇▇▇ and FSMA (each as in force at the relevant time). 20.4 Since 28 September 2011, the Company has notified the Regulatory Information Service of all information required to be notified by it in accordance with the AIM Rules and MAR (as in force at the relevant time) and has complied in all respects with all disclosure and notification requirements under the AIM Rules and MAR. 20.5 Neither the Company, nor any of its Affiliates, nor any person acting on its or their behalf (which, for the avoidance of doubt, does not include Arden or its Affiliates), has taken, directly or indirectly, any action designed to cause or to result in, or that has constituted or which might reasonably be expected to cause or result in, the stabilisation or manipulation of the price (in violation of applicable laws) of any security of the Company to facilitate the sale or re-sale of Ordinary Shares.

Previous Announcements. 20.1 In relation to all Previous Announcements, save to the extent corrected in any announcement subsequently made through a Regulatory Information Service made by or on behalf of the Company, since 28 September 2011the IPO Date, each statement contained therein is true and accurate in all material respects and not misleading (by itself or in its context). 20.2 Each expression of opinion or intention or expectation in each Previous Announcement was made on reasonable grounds after due and careful enquiry and was truly and honestly held by the Directors and was fairly based There was no other fact known or which could on reasonable enquiry have been known to the Directors omitted to be disclosed in any Previous Announcement which, by such omission, would make any such statement or expression in any Previous Announcement misleading (by itself or in its context). 20.3 Each Previous Announcement complied in all respects with the AIM RulesRules (as in force at the relevant time), MAR, the Financial Services ▇▇▇ ▇▇▇▇ and FSMA (each as in force at the relevant time)FSMA. 20.4 Since 28 September 2011the IPO Date, the Company has notified the Regulatory Information Service of all information required to be notified by it in accordance with the AIM Rules and MAR (as in force at the relevant time) and has complied in all respects with all disclosure and notification requirements under the AIM Rules and MAR.. The Certificate [Letterhead of Franchise Brands Plc] Allenby Capital Limited ▇ ▇▇. ▇▇▇▇▇'▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ Dowgate Capital Limited ▇▇ ▇▇▇▇▇▇ ▇▇▇▇ London EC4A 1BW Dear Sirs We refer to the above Agreement. Words and expressions in the above Agreement have the same meanings in this Certificate. We confirm to you that: 20.5 Neither (a) each of the Company, nor conditions referred to in Clause [2.1]/[2.2] of the above Agreement (other than that in sub-clause [2.1(f)]/[2.2.(f)]) has been fulfilled in accordance with its terms; and (b) none of the Warranties was breached or untrue or inaccurate or misleading at the date of the said Agreement and there has been no change of circumstances such that if repeated at the date hereof by reference to the facts and circumstances subsisting at the date hereof any of its Affiliates, nor any person acting on its such warranties would be breached or their behalf (which, for the avoidance of doubt, does not include Arden untrue or its Affiliates), has taken, directly inaccurate or indirectly, any action designed to cause or to result in, or that has constituted or which might reasonably be expected to cause or result in, the stabilisation or manipulation of the price (in violation of applicable laws) of any security of the Company to facilitate the sale or re-sale of Ordinary Sharesmisleading.