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FFI HOLDINGS LIMITED Capital/Financing Update 2021

Jul 29, 2021

64912_rns_2021-07-29_cbd5bdf2-c9e5-44b5-9509-6d348c610acc.pdf

Capital/Financing Update

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F.F.I. HOLDINGS LTD A.C.N. 009 155 328 15 Monash Gate, Jandakot, W.A. 6164 Telephone +61 8 9417 6111 Facsimile +61 8 9417 3063

ASX ANNOUNCEMENT PROFIT GUIDANCE FOR THE YEAR ENDED 30[th] JUNE 2021

F.F.I. Holdings Ltd. (the Company) is pleased to provide the following profit guidance for the year ended 30[th] June 2021.

Based on unaudited financial statements and other management information, the Company expects to report a net profit before tax of approximately $11.58 million for the full year.

The forecast net profit before tax includes income relating to the compensation received from Main Roads of Western Australia of $6.89 million for the compulsory acquisition of part of the Company’s land holdings. Details of the compensation received were previously announced to the market on 21[st] June 2021.

Excluding the financial impact of the compensation and compulsory acquisition process, net profit before tax from the Company’s continuing operations is expected to be $4.69 million. This represents an increase of 16.0% compared with profit calculated on the same basis in the previous year (and excluding gains on revaluation of investment properties in the previous year).

The Directors have not revalued the Company’s investment properties as at 30[th] June 2021.

About F.F.I. Holdings Ltd.

F.F.I. Holdings Ltd is a Western Australian based food company with manufacturing, processing and packing operations covering the following areas –

♦ “Chocolate Products of Australia” – chocolate and related products.
♦ “Nemar Cake Toppings” – cake toppings and confectionery products.
♦ “Prepact”- contract packing and blending.
♦ “Fresh Food Industries” – bakers jams and fruit fillings.
♦ “Tradition Smallgoods” – fresh sausages, bacon and processed meat products.