AUSTRALIAN VINTAGE LTD — AGM Information 2021

Jun 29, 2021

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Company Announcements Australian Securities Exchange

30 June 2021

AVG EGM Address and Presentation

Australian Vintage Limited (ASX: AVG) will today address shareholders at its Extraordinary General Meeting to be held virtually, commencing at 10.00 am Australian Eastern Standard Time.

Attached is a copy of the address to be delivered by Mr. Richard Davis, Chairman, and presentation material.

This material will provide shareholders with information on the proposed capital return and share consolidation.

This announcement was authorised for release by the Company Secretary.

Further information

Craig Garvin Chief Executive Officer 02 4998 4199

Michael Noack Chief Financial Officer 08 8172 8333

Australian Vintage Ltd ABN 78 052 179 932

275 Sir Donald Bradman Drive, Cowandilla SA 5033 Australia www.australianvintage.com.au

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30 June 2021 Extraordinary General Meeting Proposed Capital Return and Share Consolidation Chairman’s Address – Richard Davis

In our February 2021 half year results press release we advised the market that we would be undertaking a review of the existing capital structure.

This review, which has now been completed, had a key focus on achieving the best return for our shareholders while also ensuring that the Company has an efficient capital structure as well as flexibility to pursue growth opportunities whilst maintaining its current credit metrics.

In May 2020, we announced that we will return $23.9 million to shareholders through a capital return. This amounts to a capital return of 8.5 cents per share. We also announced that, as part of this capital management initiative, we are proposing to undertake an equal and proportionate share consolidation of 0.90 shares for every one share currently held. This means that every 10 shares currently on issue will convert into 9 shares.

The combined impact of the two initiatives has a similar effect of a share buyback of 1 share for every 10 for 85 cents. The 85 cents is based on the Company’s Net Tangible Assets per share as at 31 December 2020.

The capital return is due to be paid on 13 July 2021 and our shares are due to start trading on a consolidated basis on 5 July 2021.

We are here today to seek the approval of shareholders for the capital return and the share consolidation.

Whilst these two capital structure initiatives require shareholder approval as separate resolutions, the resolutions are interdependent, meaning that approval of each resolution is conditional on the approval of the other.

Ends

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Capital Management Initiative

Capital Return Consolidation Ratio	Capital Return Consolidation Ratio
8.5 cents per share 1 share consolidates into 0.9 shares
Date	Event
30 June 2021	Extraordinary General Meeting
2 July 2021	Last day for trading in Shares to be entitled to Capital Return and tradinginpre-consolidated Shares
5 July2021	Commencement of tradingin Shares on a consolidated basis
6 July2021	Record Date– Capital Return and Share Consolidation
13 July2021	Payment Date– Capital Return

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Important notice and disclaimer

The presentation has been prepared by Australian Vintage Limited (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and associated companies) and provides general background information about AVG’s activities as at the date of this presentation. The information does not purport to be complete, is given in summary and may change without notice.

This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. The presentation does not constitute or form part of an offer to buy or sell AVG securities.

This presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. Such statements are not statements of fact and there can be no certainty of outcome in relation to the matters to which the statements relate. These forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause the actual outcomes to be materially different from the events or results expressed or implied by such statements. Those risks, uncertainties, assumptions and other important factors are not all within the control of AVG and cannot be predicted by AVG and include changes in circumstances or events that may cause objectives to change as well as risks, circumstances and events specific to the industry, countries and

markets in which AVG operate. They also include general economic conditions, exchange rates, interest rates, the regulatory environment, competitive pressures, selling price, market demand and conditions in the financial markets which may cause objectives to change or may cause outcomes not to be realised.

None of AVG (and their respective officers, employees or agents) (the Relevant Persons) makes any representation, assurance or guarantee as to the accuracy or likelihood of fulfilment of any forward looking statement or any outcomes expressed or implied in any forward looking statements. The forward looking statements in this presentation reflect views held only at the date of this presentation. Except as required by applicable law or the ASX Listing Rules, the Relevant Persons disclaim any obligation or undertaking to publicly update any forward looking statements, whether as a result of new information or future events. Statements about past performance are not necessarily indicative of future performance.

Certain jurisdictions may restrict the release, publication or distribution of this presentation. Persons in such jurisdictions should observe such restrictions. To the extent permitted by law the Relevant Persons do not accept liability for any use of this presentation, its contents or anything arising in connection thereto including any liability arising from the fault or negligence none of the Relevant Persons.

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