ALTHEA GROUP HOLDINGS LIMITED

(ASX:AGH)

INVESTOR PRESENTATION SEPTEMBER 2019

ESTABLISHED

Althea is an Australian licensed producer, supplier and exporter of pharmaceutical grade medicinal cannabis

EDUCATION

Althea is a leading provider of medicinal cannabis education, market access and management services. Althea supports eligible patients and Healthcare Professionals with navigating medicinal cannabis treatment pathways

EXPANSION

Althea operates in highly regulated medicinal cannabis markets, including Australia and the United Kingdom, with expansion opportunities in emerging markets across Europe and Asia

ACCESS MADE SIMPLE

Althea Group Holdings Limited (ASX:AGH) ALTHEA CONCIERGE: An online platform for patients, doctors and pharmacists to manage their medicinal cannabis needs

KEY MARKET STATISTICS | LISTED ON ASX: 21 SEPTEMBER 2018

Share Price Performance

Key Market Statistics¹

ASX code	AGH
Listing price (Date of listing)	$0.20
Current Share Price	$0.790
Market capitalisation	$184.15m
Shares on issue	233.1m
GISC clarification	Pharmaceutical, Biotechnology & Life Sciences

¹As at 10 September 2019

EXPERIENCED & RELEVANT LEADERSHIP TEAM

Andrew Newbold | Chairman & Independent Non-Executive

Extensive experience as director of numerous private companies and not-for-profit organisations
20 years' experience as a commercial lawyer and has played an integral role in the development of various businesses.

Joshua Fegan | Chief Executive Officer & Founder

Founder of Althea Group with extensive experience in business building, sales and marketing
Proven business and strategy skills and previously held numerous senior management roles at national value-based retailer, Strathfield Group

Penny Dobson | Independent Non-Executive Director

Accomplished business executive in healthcare industry and trained pharmacist in New Zealand, three decades at global pharma Merck & Co, in a variety of commercial roles
Currently Deputy Chair of the Australian Nuclear Science and Technology Organisation Board, and a non-executive director at Invetus Pty Ltd

Alan Boyd | Independent Non-Executive Director

Chief Financial Officer and Company Secretary of Ridley Corporation, an ASX-listed provider of high-performance animal nutrition solutions
Alan has occupied the same position with listed biotechnology companies Avexa Limited and Zenyth Therapeutics Limited

END TO END BUSINESS MODEL ENABLED

Fully Licenced: One of the few companies that has been granted the full suite of licences from Office of Drug Control (ODC) and Agriculture Victoria

Production,Cultivation &Manufacture (ODC)	Right to grow and manufacturemedicinal cannabis products
Supply, Import(ODC)	Right to import medicinalcannabis for distribution topatients in Australia
Export (ODC)	Ability to export Althea medicinalcannabis to other jurisdictions
Hemp Cultivation(Agriculture Victoria)	Ability to grow hemp product

In market products: Althea supplies patients with pharmaceutical grade, full spectrum medicinal cannabis products
Seed-to-sale certification: Safety, consistency and quality of Althea medicinal cannabis is ensured through a 509-step quality assurance process
Simplifying access to medicinal cannabis products: Online platform for education, access and management services via Althea Concierge – a free service for patients, Healthcare Professionals (HCPs) and pharmacists in target territories

ALTHEA CONCIERGE

Launched September 2018 in Australia and May 2019 in UK
Proactively engages key stakeholders with Althea. Turning point for HCPs and patients
New smart phone app launching Q4 2019, featuring:
- Interactive patient treatment plans
- Real World Data (RWD) registry that can report on efficacy, safety, QALY and patient reported outcomes
- Unrivalled patient support

IMPROVING CLINICAL ACCESS

Education Clinical Studies

MEDIC (Medical Education in Cannabinoids) is a free online portal offering evidence-based education and resources for Australian & UK HCPs on medicinal cannabis

Inflammation trial

Inflammatory Bowel Disease (Ulcerative Colitis/Crohn's Disease) trial

Both studies will also investigate the mechanism of action of IP on blood inflammatory and immune cell markers and define the pharmacokinetic profile of IP

Mode of action and efficacy

Safety and clinical considerations

Indications (chronic pain, mental health, CINV, other)

MEDICINAL CANNABIS: HISTORY & OUTLOOK IN AUSTRALIA Increasing Usage & Growing Industry

For doctors, the Therapeutic Goods Administration's (TGA) special access scheme requires an application form to be filled out for each patient, detailing their medical history and justifying why medicinal cannabis is an appropriate treatment

Cannabis on track to become a $1.2 billion industry over the next 10 years - Prohibition Partners

The Australian market has clearly overcome early obstacles to patient access and is now in a rapid growth phase

The proportion of the market being addressed, however, is still miniscule. With an estimated addressable market of up to 500,000 in Australia and a current market of only 5,000 Active Patients

- FreshLeaf Analytics

Therapeutic Goods Administration (TGA) TGA SAS B Monthly Application Approvals (Cumulative)

HIGHLIGHTS: ALTHEA IN AUSTRALIA

Approaching Rapid Growth Phase & Increasing Market Share

1,974 patients have now been prescribed Althea medicinal cannabis products in Australia
303 Healthcare Professionals have prescribed Althea medicinal cannabis
Althea welcomed 392 new patients in August at a rate of approximately 18 patients per business day, representing the largest number of new patients to be prescribed Althea products in a single month
Althea has approximately 32% market share in Australia based on active patients*

*Based on Freshleaf Analytics 'Australian Medicinal Cannabis Market Patient, Product and Pricing Analysis Q3 2019' estimate (at p.10 ) of less than 5,000 active patients; and including Althea's total patient accumulation less inactive patient approximation

May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Total Patients Average Patients Per Business Day

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

Althea's Accelerating Patient Growth in Australia Althea's Accelerating Doctor Growth in Australia

MEDICINAL CANNABIS: ALTHEA IN AUSTRALIA Accelerating Patient & Prescriber Growth

3.00

6.00

9.00

12.00

15.00

18.00

PATIENT CASESTUDY: ALTHEA IN AUSTRALIA

Real Patients Using Medicinal Cannabis With Real Results

A 50-year-old successful senior executive travelling for work slipped on a plane resulting in a significant knee injury. Subsequent treatment included pharmacological interventions such as anticonvulsants, narcotic analgesics, opioid analgesics and benzodiazepines, ketamine infusions and nerve blocks
None of these treatments provided the desired relief. She was now irritable, in constant pain, struggling to sleep, suffering from depression, anxiety and had significant weight gain. She could no longer work and her husband resigned from his job to become her full-time carer
The patient's GP initiated a treatment of Althea Champlain. At her 3-week review with her GP, she had substantially reduced her pain and insomnia medications. Her pain changed from a self-reported 9 out of 10, to a 4 out of 10
She is now hopeful of being able to return to work in some capacity something that just 1 month ago seemed impossible

GLOBAL GROWTH

INITIATIVES

UK & EUROPE: SUMMARY OF PROGRESS TO DATE

MYACCESS CLINICS -LAUNCHED Q3 2019

Althea has launched its own chain of private medical clinics in the UK, branded as MyAccess

Clinics First MyAccess Clinic launched in July 2019 in London with two additional locations in Bristol and Glasgow

LED BY:

Graham Woodward RNMH FCMI as Clinical Director (23 years experience as a Medical Director), and;
Sarah Dobbin as Patient Care Manager (previously managed a large Canadian LP's patient care team - serviced over 60,000 patients)
Dr Chris Blue as Training Consultant (responsible for thousands of prescriptions of medical cannabis in Canada)

DRUG SCIENCE -TWENTY21 PILOT

Drug Science's 'Project TWENTY21' is the UK's first national pilot for medical cannabis aims to enroll 20,000 patients before the end of 2021

Althea has been selected from a limited number of medicinal cannabis companies to supply its range of products to the Pilot's patients

Patient treatment and monitoring will be administered by doctors based in MyAccess Clinics

Potential UK patients will be able to register their interest in participating in the Pilot, which is scheduled to commence in Q4 CY19, via www.myaccessclinics.com

PEAK PROCESSING

Peak applied for one of the Canadian industry's first large-scale (infused) cannabis processor licences

Potential to be a leading contract manufacturer for consumer brands wanting to launch recreational cannabis and CBD wellness products

Market share in a C$4.34B potential legal recreational cannabis market in Canada

SUMMARY	Value added products: Peak intends to extract, toll process•and contract manufacture edibles, drinks and nutraceuticalproducts for the Canadian and international market
ASSETS	Market leading expertise: Peak founders have 20+ years of•cannabis experience and have successfully built-out cannabisextraction and manufacturing facilities in CanadaPurpose-built facility:Proposed that Peak will be licenced and•equipped to manufacture a range of premium cannabis extractproducts
	Peak facility can be upgraded to include•EU GMP potential:EU-GMP certified extraction and manufacturing for medicalcannabis production
OPPORTUNITY	An underserviced cannabis market: Althea expects that food•and beverage companies will want cannabis infused productsincluded in their range in the future

PROPOSED EXTRACTION CAPABILITIES

Raw cannabis extraction

Cannabis extract refinement

Cannabinoid isolation: THC & CBD

Finished goods packaging

Cannabinoid potency testing

Nano-emulsification

Spray drying

The above projected extraction capabilities assume Peak Processing's Canadian cannabis processor licence is granted and Peak commences commercial operations

ALTHEA GROUP HOLDINGS LIMITED (ASX:AGH)

ACCESS MADE SIMPLE Althea Group Holdings Limited (ASX:AGH) www.althea.life

Althea Group Holdings Limited Joshua Fegan, CEO & Managing Director 1300 70 20 20 | [email protected]

Investors: PAC Partners Securities 03 8633 9834 | [email protected]

Media: The Capital Network

Julia Maguire, Executive Director 0419 815 386 | [email protected]

Althea Group Holdings Limited

ACN 626 966 943 Registered office: Suite 2, Level 37 360 Elizabeth Street, Melbourne Victoria, Australia 3000

ALTHEA GROUP HOLDINGS LIMITED Legal Disclaimer

Althea Group Holdings Limited ACN 626 966 943 (Company) has prepared this presentation (Presentation) dated 10 September 2019 to provide current and prospective investors in the Company with an update in relation to the Company, its subsidiaries and their activities. The information in this Presentation discusses the Company's operations and product range. It is not intended as a promotion of the Company's products. This Presentation contains summary information about the Company, its subsidiaries and their activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). This Presentation has not been and will not be filed with or approved by any regulatory authority in Australia, including the Australian Securities and Investments Commission (ASIC), or any other jurisdiction. The historical information in this Presentation is, or is based upon, information that has been lodged with the Australian Securities Exchange (ASX) and released on the ASX Market Announcements Platform. This Presentation should be read in conjunction with the Company's other periodic and continuous disclosure announcements which are available at www.asx.com.au (Company Code: AGH) or www.althea.com.au.

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