LARK DISTILLING CO. LTD — M&A Activity 2017

Feb 23, 2017

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ASX Release 24[th] February 2017

Dear Sir/Madam,

Update on Offer to purchase shares in Lark Distillery Pty Ltd

Australian Whisky Holdings Limited ( AWY ) refers to its previous announcements dated 8[th] December 2016, 23[rd] December 2016 and 30[th] January 2017 with respect to its offer to purchase all the ordinary shares in Lark Distillery Pty Ltd ( Lark ) that it does not currently own.

AWY is pleased to advise that it has received additional acceptances from shareholders representing 6.79% of the shares in Lark. AWY will process these acceptances, which will increase AWY’s percentage of shareholding in Lark to 48.09%.

Shareholder approval for the offer was obtained on 27[th] January 2017 at AWY’s general meeting. Following this approval, the offer is unconditional.

AWY further advises that at the request of the Board of Lark and in order to allow sufficient time for Lark shareholders to consider the offer, AWY has agreed to extend the closing date of the offer to 23[rd] March 2017.

Yours faithfully,

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Company Secretary Kenneth Lee

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