NOUMI LIMITED — Capital/Financing Update 2016

Dec 15, 2016

Freedom Foods Group Limited[ABN 41 002 814 235] 80 Box Road Taren Point NSW 2229 T: +61 2 9526 2555 www.ffgl.com.au /FreedomFoodsGroup

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ASX ANNOUNCEMENT

16[th] December 2016

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (CTH)

This notice is given by Freedom Foods Group Limited ( "Freedom Foods" ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( "Corporations Act" ).

Further to its announcement to the ASX on 9[th] December 2016, Freedom Foods confirms that it has now:

• issued 2,247,192 fully paid ordinary shares in Freedom Foods under a placement to institutional and sophisticated investors at $4.45 per share ( "Placement Shares" ); and

• issued 11,678,624 fully paid ordinary shares to institutional investors at $4.45 per share under the institutional component of an accelerated, non-renounceable pro rata entitlement offer.

Freedom Foods confirms that:

• (a) the Placement Shares were issued without disclosure under Part 6D.2 of the Corporations Act;

• (b) this notice is being given under section 708A(5)(e) of the Corporations Act;

• (c) as at the date of this notice, Freedom Foods has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to Freedom Foods; and

  • (ii) section 674 of the Corporations Act; and

• (d) as at the date of this notice, there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out in this notice under section 708A(6)(e) of the Corporations Act.

Yours sincerely

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Rory J F Macleod Managing Director & CEO Freedom Foods Group Limited

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