Financial Review Franchise Group Inc.

6 ⑤ Experienced management team with strong shareholder alignment Brian Kahn CEO, President, and Director • President, Chief Executive Officer and Director of FRG • Founded and serves as investment manager of Vintage Capital Management - Value-oriented, operations-focused, private and public equity investor specializing in the consumer, aerospace and defense, and manufacturing sectors • Extensive experience as an executive, director, franchisor or franchisee, and/or equity investor in franchised and franchisable businesses, including Buddy's, Flexi Compras, Good-to-Go Wheels and Tires, Rent-a- Center, Aaron's, Papa Murphy's, Zoe's Kitchen, Vitamin Shoppe, Liberty Tax, Rentway, and Red Robin • Chief Financial Officer of FRG Eric Seeton CFO • Previously served as the SVP and CFO of API Technologies Corporation • Held senior finance roles with multiple public and private companies • Certified Public Accountant (inactive) Selected Experience VINTAGE BUDDY'S CAPITAL MANAGEMENT HOME FURNISHINGS FLEXI COMPRAS GOOD TO GO WHEELS AND TIRES RAC Aaron's Papa Murphy's TAKE BAKE PIZZA ZOËS KITCHEN FREEH MADE MEDITERRANEAN THE VITAMIN SHOPPE LIBERTY TAX RENTWAY Red Robin & apitech Johnson-Johnson ANALOG DEVICES AHEAD OF WHAT'S POSSIBLE™ P&G Andrew Kaminsky EVP and CAO • • Executive Vice President and Chief Administrative Officer of FRG Previously held executive and operating positions with Viavi Solutions Inc., Cobham plc and Aeroflex Holding Corp. • 15+ years in investment banking, including as a Managing Director at Oppenheimer & Co. Inc. and CIBC VLAVI COBHAM AEROFLEX CIBC Andrew Laurence EVP and Director • Executive Vice President of FRG • Partner of Vintage Capital since January 2010, responsible for transaction sourcing, due diligence and execution • Previous experience as an officer and director of public companies, including API Technologies and IEC Electronics PPENHEIMER & apitech IEC VINTAGE CAPITAL MANAGEMENT APPLIANCE RAC Electronics BUDDY'S HOME FURNISHINGS V LIBERTYTAX THE VITAMIN SHOPPE Todd Evans Chief Franchising Officer FRANCHISE GROUP INC. ⚫ Chief Franchising Officer of FRG • Over 20 years of experience, having previously led Franchising at uBreakiFix, Rent-A-Wheel, Rent-A-Tire and Aaron's UBREAKIFIX RENTAWHEEL RENTATIRE Aaron's 10

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