INGHAMS GROUP LIMITED — Capital/Financing Update 2018

Dec 5, 2018

Rule 3.8A

Appendix 3C

Announcement of buy-back ( except minimum holding buy-back)

Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/9/99. Origin: Appendix 7B. Amended 13/3/2000, 30/9/2001, 11/01/10

Name of entity
Inghams Group Limited

We (the entity) give ASX the following information.

Information about buy-back

1	Type of buy-back	On market
2	+Class of shares/units which is	Ordinary
	the subject of the buy-back_(eg,_
	ordinary/preference)
3	Voting rights_(eg, one for one) _	One for one
4	Fully paid/partly paid_(and if_	Fully paid
	partly paid, details of how much
	has been paid and how much is
	outstanding)
5	Number of shares/units in the	380,243,196
	+class on issue
6	Whether shareholder/unitholder	No
	approval is required for buy-back
7	Reason for buy-back	Ongoing capital management.

• See chapter 19 for defined terms.

11/01/2010 Appendix 3C Page 1

• 8 Any other information material to a shareholder’s/unitholder’s decision whether to accept the offer (eg, details of any proposed takeover bid)

None, apart from any information publicly disclosed by Inghams Group Limited (the Company ) through ASX on or prior to the date of this notice.

On-market buy-back

9 Name of broker who will act on Macquarie Securities (Australia) Limited the company’s behalf 10 Deleted 30/9/2001. 11 If the company/trust intends to Up to a maximum of 3% of the issued ordinary buy back a maximum number of shares of the Company as at the date of this shares - that number announcement, being approximately 11,407,296 Note: This requires a figure to be included, not shares, or that number of shares for which the a percentage. total buy back consideration paid or payable is $50 million, whichever is lesser. The Company reserves the right to suspend or terminate the buy back at any time. 12 If the company/trust intends to Commencing no earlier than 27 February 2019 buy back shares/units within a and ending 12 months from the date of this period of time - that period of announcement, or earlier if the maximum time; if the company/trust number of shares in Item 11 above is bought back intends that the buy-back be of unlimited duration - that prior to that date. intention The Company reserves the right to suspend or terminate the buy back at any time. 13 If the company/trust intends to N/A buy back shares/units if conditions are met - those conditions

Employee share scheme buy-back

14 Number of shares proposed to be N/A bought back

	15Price to be offer	ed for shares	N/A
	Selective buy-b16Name of personclass of personproposed to be	ackor description ofwhose shares arebought back
			N/A
	17Number of sharbought back	es proposed to be
			N/A
	18Price to be offer	ed for shares
			N/A
	Equal access scheme19Percentage of shares proposed tobe bought back20Total number of shares proposedto be bought back if all offers areaccepted21Price to be offered for shares22+Record date for participation inofferCross reference: Appendix 7A, clause 9.
			N/A

Compliance statement

1. The company is in compliance with all Corporations Act requirements relevant to this buy-back.

or, for trusts only:

1. The trust is in compliance with all requirements of the Corporations Act as modified by Class Order 07/422, and of the trust’s constitution, relevant to this buy-back.

2. There is no information that the listing rules require to be disclosed that has not already been disclosed, or is not contained in, or attached to, this form.

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David Matthews Company Secretary

• See chapter 19 for defined terms.

Date: 6 December 2018

11/01/2010 Appendix 3C Page 3