Franchising

The Pancake House franchising operations aim to establish more outlets in varioius locations nationwide to reinforce its
position in the market. The opportunity is open to Franchisees who can commit to the financial resources ang business
expertise required by the Company.

PHI actively seeks prospective investors who wish to engage in a restaurant operation under the Pancake House
consumer brand. The company employs an in-house group that specifically handles the study and evaluation of identified
sites in as much as the location of the restaurant is a key success factor. A market study forms part of the franchise package
offered to prospective Franchisees, assisting them in their own evaluation of their investment. The furbishing and turn
key of the proposed outlet runs between a period of 45 to 75 days. All outlets are built according to the specifications
developed by Pancake House for all equipment, furniture, fixture, kitchen and dining lay-outs, interior and exterior d├ęcor,
signage and color schemes. Most of these items are custom built for the Company.

Support is provided to the Franchisee on a continuing basis Management assistance is terms of business planning,
hiring, training and marketing support are well provided. The Company engages in food, services and
cleanliness audits to ensure that operating systems are executed consistently. To uphold the quality of food and services
of each outlet, strict adherence to the Pancake House standards is required of all Franchisees.