DGL GROUP LIMITED — Capital/Financing Update 2021

Jun 20, 2021

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ASX RELEASE

21 June 2021

DGL continues to expand geographic footprint with new facility in Hawke’s Bay

Auckland, New Zealand - DGL Group Limited (ASX:DGL) (NZX:DGC), ( “DGL” or the “Company” ), a specialist chemicals business that manufactures, transports, stores and processes chemicals and hazardous waste, today announced approval for the construction of a new chemicals warehousing, distribution and manufacturing facility in Irongate, an industrial zone in Hawke’s Bay, New Zealand.

Once built, the facility will be the first of its kind to service Hawke’s Bay and the surrounding regions, providing DGL with a significant opportunity to attract new customers.

Founder and CEO of DGL, Simon Henry, said: “This new facility further expands our footprint in New Zealand where we see ample opportunity for organic growth. Ensuring we have the right facilities, in key industrial areas across Australian and New Zealand, with proximity to customers, is and will continue to be a key priority for our business.

“We are assessing sites strategically, based on existing assets and customer demand. After identifying that there are no purpose-built chemical storage facilities in the Hawke’s Bay region, we saw a significant opportunity for DGL. The region is an industrial hub, renowned for its agriculture and forestry, and has a need for agriculture chemical formulations. We are well advanced in our discussions with new and existing customers for the utilisation of the facility.”

Located five minutes south of Hastings City, Irongate offers access to Northern and Southern Highways. The site is located close to main arterial routes with access to both Napier and Hastings via the expressway as well as its proximity to Napier Port, offering significant logistical advantages.

Construction of the warehouse is expected to cost approximately NZD $5 million and will be funded by proceeds raised in the initial public offering. The warehouse will store around 5,000 tonnes of chemicals, taking DGL’s total capacity to 133,000 tonnes (from 128,000 tonnes).

DGL have engaged local consulting engineers Strata Group to design the new facility. Strata Group have been involved in several founding developments in the Irongate industrial area. The construction contract will be tendered in the last quarter of 2021.

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DGL Environmental Solutions DGL Chemical Manufacturing 201 Five Islands Road 120 Fulton Drive Unanderra, NSW 2526 Derrimut, VIC 3026 Wollongong, Australia Sydney, Australia

DGL Group Head Office Level 12, 63 Albert Street Auckland 1010, New Zealand p +64 9 309 9254

DGL Warehousing and Distribution 739 Progress Road Wacol, QLD 4076 Brisbane, Australia

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Approved for release by the Board of DGL.

CONTACT

Barbara Furci DGL Group Limited +64 9 309 9254 or barbara.furci@dglgroup.com

MEDIA ENQUIRIES

Susie Reinhardt Cannings Strategic Communications +61 401 399 781 or sreinhardt@canningscomms.com.au

ABOUT DGL GROUP LIMITED

DGL is a well-established, founder-led, end to end chemicals business that manufactures, transports, stores and manages the processing of chemicals and hazardous waste. The Company operates a network of 26 sites, both owned and leased, across Australia and New Zealand. The Company has a strong track record of revenue and earnings growth. Total proform revenue was $180.1 million in FY20 and is forecast to increase to $209.7 million in FY22.

DGL Group Head Office Level 12, 63 Albert Street Auckland 1010, New Zealand p +64 9 309 9254

DGL Warehousing and Distribution 739 Progress Road Wacol, QLD 4076 Brisbane, Australia

DGL Environmental Solutions DGL Chemical Manufacturing 201 Five Islands Road 120 Fulton Drive Unanderra, NSW 2526 Derrimut, VIC 3026 Wollongong, Australia Sydney, Australia