LARK DISTILLING CO. LTD — M&A Activity 2018

Jun 28, 2018

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ASX Release Date: 28 June 2018

Dear Sir or Madam:

Update on the Offer to acquire shares in Lark Distillery Pty Ltd

Australian Whisky Holdings Limited (ASX:AWY) (“ AWY ”) refers to its previous announcements with respect to its offer to acquire shares (the “ Offer ”) in Lark Distillery Pty Ltd (“ Lark ”).

AWY is pleased to announce that it has obtained shareholder approval at its general meeting of shareholders held on 28 June 2018 with respect to the Offer. As such, the Offer is now unconditional.

In accordance with the terms of the Offer, AWY have issued shares to the Lark shareholders who have elected to receive Scrip Consideration. Further, payment has been processed to those Lark shareholders who have elected to receive Cash Consideration.

On 29 June 2018, all Lark shares acquired by AWY pursuant to the Offer will be transferred to AWY.

Yours sincerely,

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Company Secretary Gary Stewart

AUSTRALIAN WHISKY HOLDINGS LIMITED Level 4, 283 George Street, Sydney NSW ASX CODE: AWY ABN 6210 4600 544 www.australianwhiskyholdings.com Phone +61(2)8188 1491