Notice Pursuant to Rule 49A of the Takeovers Code

12 December 2018 Restaurant Brands New Zealand Limited Level 3, Building 7 Central Park 666 Great South Road Penrose, Auckland 105 New Zealand cc: The Takeovers Panel Level 3, Solnet House 70 The Terrace Wellington 6011 By email: takeovers.panel@takeovers.govt.nz cc NZX Limited Level 1, NZX Centre 11 Cable Street Wellington 6011 PO Box 2959 By email: announce@nzx.com cc ASX Limited 20 Bridge Street NSW 2000 Sydney Australia By fax Rule 49A - Notice of increase in acceptances of takeover offer Pursuant to Rule 49A of the Takeovers Code, Global Valar, S.L (Global Valar) gives notice that, as at 11 December 2018, the total number of acceptances of its partial takeover offer dated 6 December 2018 (the Offer) for 75% of the fully paid ordinary shares (Shares) in Restaurant Brands New Zealand Limited, has increased by more than 1% of the total Shares. As as 11 December 2018, the total number of acceptances of the Offer is now 1,753,161 Shares comprising 1.41% (rounded to two decimal places) of the Shares. Yours faithfully Global Valar S.L. End CA:00328236 For:RBD Type:TRANSACT Time:2018-12-12 09:52:10