LARK DISTILLING CO. LTD — Capital/Financing Update 2016

Aug 29, 2016

==> picture [27 x 31] intentionally omitted <==

==> picture [172 x 134] intentionally omitted <==

==> picture [30 x 31] intentionally omitted <==

ASX Release

Date: 30 August 2016

Australian Whisky Holdings’ Investment in Lark Distillery

On 8 August 2016, Australian Whisky Holdings Limited ( AWY ) advised on its intention to increase its investment in Lark Distillery Pty Ltd ( Lark ).

AWY advises that subsequent to the announcement on 8 August 2016, with respect to Lark’s internal capital raising via a rights issue, AWY has decided to take up all of its entitlement to purchase additional shares to be issued in Lark for a total subscription of $972,035 plus accept shortfall shares for a further subscription of $98,515. Following this raising, AWY’s shareholding in Lark will be 31.66%.

AWY further advises in order to fund its contribution and to fund additional working capital, AWY has conducted a capital raising by way of issuance of 200 converting notes to various subscribers for a total value of $2,000,000. Subject to shareholders’ approval and the converting mechanism under each of the Convertible Note Subscription Agreements, each converting note will be converted to a certain number of shares in AWY at a conversion price of $0.001 (0.1 cents).

Terry Cuthbertson

Chairman

==> picture [157 x 25] intentionally omitted <==

==> picture [26 x 29] intentionally omitted <==

AUSTRALIAN WHISKY HOLDINGS LIMITED Leve1 10, 8-10 Loftus Street, Sydney, NSW 2000 ASX AWY ABN 62 104 600 544 W australianwhiskyholdings.com P -+61 (2) 8188 1491