LARK DISTILLING CO. LTD — M&A Activity 2018

Apr 25, 2018

==> picture [594 x 192] intentionally omitted <==

ASX Release Date: 26 April 2018

Dear Sir or Madam:

Australian Whisky Holdings Limited receives acceptances of offer to acquire shares in Lark Distillery Pty Ltd

Australian Whisky Holdings Limited (ASX:AWY) (“ AWY ”) is pleased to announce that it has received acceptances of its offer to acquire Lark Distillery Pty Ltd (“ Lark ”) shares announced on 5 March 2018 (“ the Offer ”).

The acceptances of the Offer confirmed to date increase AWY’s holding in Lark Distillery from 48.12% to 55.83%. The Offer remains open and further acceptances may be received. Each of the accepting Lark shareholders has elected to receive scrip consideration in AWY.

As such, AWY will shortly be calling a general meeting to seek all requisite regulatory and shareholder approvals, including the shareholder approvals required for the acquisition in accordance with Listing Rule 11.1.2 (if any, noting that approval for the purposes of Listing Rule 11.1 was previously obtained, in relation to an offer to purchase up to 100% of the Lark Shares on 27 January 2017) for the issue of the consideration shares.

Yours sincerely,

==> picture [172 x 52] intentionally omitted <==

Company Secretary Gary Stewart

==> picture [595 x 96] intentionally omitted <==