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ARC FUNDS LIMITED Capital/Financing Update 2021

May 17, 2021

64416_rns_2021-05-17_ab91ac69-f385-43fb-ad30-d73b1b8c0c4a.pdf

Capital/Financing Update

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18 May 2021

DISPATCH OF OFFER DOCUMENT – PRO-RATA ENTITLEMENT OFFER

On 10 May 2021 Australian Rural Capital Limited ( the Company ) (ASX code: ARC) announced a ProRata Non-Renounceable Entitlement Offer to eligible shareholders to raise up to approximately $3.127 million before costs ( Offer ).

The Company has today dispatched the Offer Document, accompanied by a personalised Entitlement and Acceptance Form to all eligible shareholders who held shares as at the Record Date of Thursday, 13 May 2021 at 5:00pm (AEST).

Eligible Shareholders are encouraged to carefully consider the full details of the Offer as contained in the Offer Document before making a decision to invest.

The Offer is expected to close at 5:00pm (AEST) on Friday, 28 May 2021 ( Closing Date ), unless extended at the discretion of the Board. If the Closing Date or any other date relevant to the Offer is varied, subsequent dates forming part of the timetable for the Offer may also be varied accordingly. The Company will announce any such variation as soon as possible after it has been determined.

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