ARC FUNDS LIMITED — Capital/Financing Update 2016

Apr 18, 2016

==> picture [333 x 175] intentionally omitted <==

MARKET RELEASE

19 April 2016

Australian Rural Capital Limited

TRADING HALT

The securities of Australian Rural Capital Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 21 April 2016 or when the announcement is released to the market.

Security Code: ARC

Violetta Codreanu

ADVISER, LISTINGS COMPLIANCE (SYDNEY)

20 Bridge Street www.asx.com.au Sydney NSW 2000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

==> picture [180 x 62] intentionally omitted <==

Violetta Codreanu ASX Listings Compliance (Sydney) ASX Compliance Pty. Limited 20 Bridge Street SYDNEY NSW 2000

19 April 2016

Dear Violetta,

**AUSTRALIAN

RURAL CAPITAL LIMITED (ASX:ARC/ARCO): REQUEST FOR TRADING HALT**

Pursuant to ASX Listing Rule 17.1, Australian Rural Capital Limited ( ARC , the Company ) requests a halt in the trading of its securities (ticker codes: ARC; ARCO) effective immediately pending the release of an announcement concerning a proposed transaction with S. Kidman and Co Limited. ( Kidman ) (refer ASX announcement of 8 March 2016).

The Company provides the following information in accordance with ASX Listing Rule 17.1:

• (a) The reason for the trading halt is that ARC intends to make an announcement in relation to a proposed transaction with Kidman;

• (b) The trading half should remain in in place until the earlier of the commencement of trading on Thursday 21[st] April 2016, or when the announcement is made; and

• (c) The Company is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market in relation to the trading halt.

Yours sincerely,

==> picture [121 x 52] intentionally omitted <==

Andrew Brown Company Secretary

Australian Rural Capital Limited ABN 52 001 746 710 Suite 7.06, 2-­‐14 Kings Cross Road, POTTS POINT NSW 2011 GPO Box 4870 SYDNEY NSW 2001

phone: (02) 9380 9001