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ARC FUNDS LIMITED Capital/Financing Update 2021

May 30, 2021

64416_rns_2021-05-30_cc2d7a85-c91a-4e01-b89d-687e6be8569a.pdf

Capital/Financing Update

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==> picture [177 x 62] intentionally omitted <==

31 May 2021

CORRECTION TO ASX ANNOUNCEMENT

Australian Rural Capital Limited ( the Company ) (ASX code: ARC) advises of a correction to the announcement released on Friday, 28 May 2021 in relation to the extension of closing date of the prorata Entitlement Offer.

The date listed for Issue of New Shares under the Entitlement Offer has been amended to 15 June 2021 and the date of normal trading of New Shares has been amended to 16 June 2021. The amended events have been reflected in the revised table below:

Event Date
Entitlement Offer closes 5.00pm on Monday, 7 June 2021
Announcement of Results of Entitlement Offer Thursday, 10 June 2021
Issue of New Shares under the Entitlement Offer Tuesday, 15 June 2021
Normal trading of New Shares issued under the
Entitlement Offer
Wednesday, 16 June 2021

*Australian Rural Capital reserves the right, in its discretion, to vary these dates by making an announcement to the ASX. All references to a time are to Australian Eastern Standard Time (AEST).

By order of the Board of Directors.

For Further Details contact: James Jackson, Executive Chairman Mobile: 0402435762 Email: [email protected]

Mark Licciardo, Company Secretary Phone: +61 3 8689 9997 Email: [email protected]

Australian Rural Capital Limited ABN 52 001 746 710

c/- Mertons Corporate Services, Level 7, 330 Collins Street, Melbourne VIC 3000

phone: +61 3 8689 9997

B:10366442_2 KHA