SPH Notice – Global Valar, S.L

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited To ASX Limited And To Restaurant Brands New Zealand Limited (Restaurant Brands) Relevant event being disclosed: Movement of 1% or more in substantial holding (section 277 of Financial Markets Conduct Act 2013) Date of relevant event: 13 December 2018 Date this disclosure made: 14 December 2018 Date last disclosure made: 12 December 2018 Substantial product holder(s) giving disclosure Full name(s): Global Valar, S.L (Global Valar) Summary of substantial holding Class of quoted voting products: Ordinary shares in Restaurant Brands (Restaurant Brands Shares) Summary for Global Valar For this disclosure,-- (a) total number held in class: 14,687,801 (b) total in class: 124,758,523 (c) total percentage held in class: 11.773% For last disclosure,-- (a) total number held in class: 12,383,980 (b) total in class: 124,758,523 (c) total percentage held in class: 9.926% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Global Valar, a subsidiary of Finaccess Capital, S.A. de C.V., made a partial takeover offer, dated 6 December 2018, for 75% of the fully paid ordinary shares in Restaurant Brands (the Offer). Since the last disclosure dated 12 December 2018, Global Valar has received acceptances under the Offer for 4,056,092 Restaurant Brand Shares. Details after relevant event Details for Global Valar Nature of relevant interest(s): Conditional power to acquire Restaurant Brands Shares owned by the shareholders (upon the Offer becoming unconditional in all respects). For that relevant interest,-- (a) number held in class: 2,303,821 (b) percentage held in class: 1.847% (c) current registered holder(s): Acceptors of the Offer (d) registered holder(s) once transfers are registered: Global Valar Additional information Address of substantial product holder: Global Valar, S.L. Plaza Pablo Ruiz Picasso Edificio Torre Picasso Madrid, 28020 Spain Contact details: Jose Pares Gutierrez, Tel: +1 786 817 22 00, jpares@finaccess.mx Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: N/A Certification I, Jose Pares Gutierrez, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00328365 For:RBD Type:SHINTR Time:2018-12-14 09:26:43