INGHAMS GROUP LIMITED — Capital/Financing Update 2018

Dec 5, 2018

Notification of reorganisation of capital - return of capital (cash)

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Notification of reorganisation of capital - return of capital (cash)

Update Summary

Entity name INGHAMS GROUP LIMITED

Applicable security for the return of capital ING - ORDINARY FULLY PAID Announcement Type Update to previous announcement Date of this announcement Thursday December 6, 2018 Reason for the Update Following approval for capital return at EGM

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity INGHAMS GROUP LIMITED 1.2 Registered Number Type ABN 39162709506 1.3 ASX issuer code ING

Registration Number

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Following approval for capital return at EGM

1.4b Date of previous announcement(s) to this update Wednesday November 7, 2018 1.5 Date of this announcement Thursday December 6, 2018 1.6 ASX +Security Code ING

Notification of reorganisation of capital - return of capital (cash)

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Notification of reorganisation of capital - return of capital (cash)

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ASX +Security Description

ORDINARY FULLY PAID

Part 2 - Return of capital type and approvals

2.1 Are any of the below approvals required for the return of capital before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the return of capital.

Yes

2.1a Approvals

**Approval/Condition Date for determination Is the date estimated Approval +Security holder Thursday December or actual? received/condition approval 6, 2018 Actual met? Yes

Comments

2.2 Is the return of capital a selective reduction of capital

No

Part 3 - Return of capital timetable and details

3.1 +Record date

Tuesday December 11, 2018

3.2 Does the +entity have quoted options on issue?

No

3.2a Last day for trading in pre-return of capital quoted options

3.3 Effective date. Trading in the re-organised +securities on an "ex return of capital" basis commences. If the +entity has quoted options, trading in the quoted options commences on a +deferred settlement basis. If the +entity's +securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Monday December 10, 2018

3.4 +Record Date

Tuesday December 11, 2018

3.4a If the +entity has quoted options, first day for the +entity to send notice to each +security holder, register +securities on a post-return of capital basis and send holding statements.

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Notification of reorganisation of capital - return of capital (cash)

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*3.5 Issue Date (Payment date). If the +entity has quoted options, +deferred settlement market in options ends. Last day for +entity to send notices to +security holders for quoted options they hold. Last day for +entity to register quoted options on a post-reorganised basis Tuesday December 18, 2018

3.5a If the +entity has quoted options, trading in the options starts on a normal T+2 basis

3.5b If the +entity has quoted options, first settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

3.6 Currency in which the return of capital is made ("primary currency")

AUD - Australian Dollar

3.7 Return of capital amount per +security AUD 0.33000000

Part 4 - Other +entity-issued +securities affected by the return of capital

4.1 Will the return of capital affect the exercise price of any +entity-issued options?

No

Part 5 - Further information

5.1 Has the +entity applied for an ATO class ruling in relation to the return of capital? Yes

5.1a Please provide further information on the ATO ruling

An ATO ruling has been sought to confirm that of the AUD 0.33 cents per share distribution, the full amount will be treated as a capital return. The ATO has not yet issued a ruling. The final version of the Class Ruling will be published on the ATO website and a notice included in the Gazette. The Company will make an announcement to the ASX when the final Class Ruling is published and display the final Class Ruling on its website after becomes available.

5.2 Source of funds for return of capital

Capital previously raised by the Company.

5.3 Further information relating to this return of capital

5.4 Additional information for inclusion in the Announcement Summary

Notification of reorganisation of capital - return of capital (cash)

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