PEAK PROCESSING LIMITED — Investor Presentation 2019

Jun 11, 2019

Althea Group Holdings Limited (ASX:AGH) PAC Partners Hong Kong Conference | June 2019

ESTABLISHED

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

EDUCATION

Providing medicinal cannabis education access and management services Supporting eligible patients and healthcare professionals in navigating medicinal cannabis treatment pathways

EXPANSION

Operating in highly regulated medicinal cannabis markets Currently in Australia and the United Kingdom Expansion opportunities in emerging markets: Europe & Asia

ACCESS MADE SIMPLE

Althea Group Holdings Limited (ASX:AGH)

Althea Concierge

An online platform for patients, doctors and pharmacies to manage their medicinal cannabis needs in Australia

Althea Group Holdings Limited (ASX:AGH) Key Market Statistics | Listed on ASX: 21 September 2018

ASX code	AGH
Listing price (Date oflisting)	$0.20
Share price (current price)	$0.670
Market capitalisation	$136.22m
Shares on issue	203.31m
GISC clarification	Pharmaceutical,Biotechnology &Life Sciences

Key Market Statistics¹ Share Price Performance | September 2018 - June 2019

Top Shareholders

Joshua Fegan(CEO)	28%

Aphria Inc. (NYSE:APHA) 25%

¹As at 11 June 2019

"Althea aims to supply pharmaceutical grade medicinal cannabis products to help improve the lives of patients suffering from debilitating conditions."

Althea Group Holdings Limited (ASX:AGH) 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

4

Althea Group Holdings: Licenses Full Suite Of Licences from The Office of Drug Control (ODC)

Althea has been granted the full suite of licenses for pharmaceutical grade medicinal cannabis from The Office of Drug Control (ODC) in Australia

Althea: Producing, Cultivating, Manufacturing Althea has the right to grow and manufacture medicinal cannabis products

Althea: Supplying, Importing Althea has the right to import medicinal cannabis products for distribution to patients in Australia

Althea: Exporting Althea has the ability to export Althea medicinal cannabis products into other jurisdictions

Althea is one of few companies that has been granted the full suite of licenses for pharmaceutical grade medicinal cannabis in Australia along with a Hemp Cultivation Licence granted by Agriculture Victoria

Althea Group Holdings: Products Pharmaceutical Grade Medicinal Cannabis Products

Althea strives to ensure patients are supplied with pharmaceutical grade, full spectrum, medicinal cannabis products

The safety, consistency and quality of Althea medicinal cannabis is ensured by Seed-to-Sale Certification – a strict quality management programme consisting of 509 steps throughout the cultivation and manufacturing of products.

Althea's medicinal cannabis products are currently greenhouse grown and manufactured by Althea 25% shareholder, Canadian cannabis company Aphria Inc. (NYSE:APHA)

Althea Group Holdings: Education Providing Medicinal Cannabis Education Access & Management Services

Althea Concierge is supported in the field by our team of Medical Science Liaisons who work face-to-face with healthcare professionals

7 Althea Group Holdings Limited (ASX:AGH) | Investor Presentation 2019 How can I find a doctor to prescribe medicinal cannabis for my condition? Patients must first consult their specialist or GP about medicinal cannabis – depending on the patient's state or country they may need a referral to a specialist to obtain a prescription. Althea Concierge can assist patients in finding a local doctor who is familiar with prescribing medicinal cannabis.

Althea Group Holdings: Education Providing Medicinal Cannabis Education Access & Management Services

Althea Concierge launched September 2018:

• Creating a growing channel that is proactively engaged with Althea, its products and educational content
• Increased user uptake will be a focus in 2H 2019, predominantly through dedicated marketing activity and promotion through the MEDIC HCP Education Platform
• Althea Concierge is a complimentary service. Althea believes patients have the right to talk to 'everyday' doctors about medicinal cannabis
• Althea Concierge UK launched May 2019

Simplifying access to medicinal cannabis for patients, HCPS and pharmacists (Australian example)

Patients

• Find doctors and information on accessing medicinal cannabis

Healthcare Professionals (HCP)

• Complete SAS B applications in as little as five minutes and access patient treatment plans Pharmacists
• Find dispensing and product information for Althea Medicinal Cannabis Althea Medical Science Liaisons
  • Supporting HCP's in the field

"Althea Concierge has been a godsend for doctors in Australia who otherwise would not have the time or capacity to submit applications on behalf of patients, which is required before they can prescribe medicinal cannabis.

We have feedback from prescribing doctors that they are able to complete applications with Althea Concierge in fewer than five minutes**,** a far cry from the alternative application methods which can take doctors hours."

Althea Chief Executive Officer & Founder, Joshua Fegan

Althea Group Holdings: Education

Providing Medicinal Cannabis Education Access & Management Services

MEDIC | HCP Education Platform

• MEDIC is an online portal offering free, evidence-based education and resources on:
  • o The endocannabinoid system
  • o Safety and clinical considerations
  • o Management of chronic non-cancer pain
  • o Mental health, CINV and other conditions
• Accredited by The Royal Australian College of General Practitioners (RACGP)

Althea has partnered with Drug Science to further education on medicinal cannabis and improve patient access

• Drug Science is the United Kingdom's only completely independent scientific committee on drugs
• Drug Science will use Althea's recently launched learning portal MEDIC to educate healthcare professionals about medicinal cannabis
• Drug Science aims to have MEDIC accredited by UK organisations including the Royal College of General Practitioners to enable healthcare professionals to receive continuing professional development points for completing courses

Medicinal Cannabis: Treatment Increasing Evidence Of Effectiveness

Medicinal cannabis products are accepted as being effective in the treatment of certain medical conditions including chronic pain, sleep & mood disorders, mental health, nausea, vomiting, epilepsy, and pain & spasticity caused by multiple sclerosis.

• The main active pharmaceutical ingredients in medicinal cannabis products are cannabinoids, including but not limited to THC (tetrahydrocannabinol) and CBD (cannabidiol).
• The regulations for accessing medicinal cannabis differ from country to country.

Althea Group Holdings Limited (ASX:AGH) | PAC Partners Hong Kong Conference - June 2019

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

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

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

Medicinal cannabis patient numbers are expected surpass the 120,000 mark in the next four years as education programs aimed at getting doctors across the country familiar with prescribing the drug take off - BuddingTech

The patient market in Australia expected to grow at around 9% per month over the coming year, resulting in around 15,000 – 20,000 new patients entering the market in 2019 - FreshLeaf Analytics

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

Case Studies: Althea in Australia Real Patients Using Medicinal Cannabis With Real Results

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Patient: 8 year-old boy | Indication: Autism and ADHD

• Patient had seen multiple Psychiatrists, Neurologists, Paediatricians in both private and public hospital clinics with no success in treating his severe violent behavioural outbursts and autism symptoms.
• GP successfully prescribed Althea medicinal cannabis product.
• After two weeks of taking the product, the patient's symptoms improved with no evidence of side effects.

Patient: 32-year old male | Indication: Chronic Non-Cancer Pain

• Patient suffered spinal injury which left him with refractory sciatica pain and lower back pain which could not be effectively managed using traditional pain management/anti-inflammatory products and anti-depressants.
• The condition further led to anxiety.
• Since taking Althea medicinal cannabis products for pain management and as a sleep aid, the patient's quality of life and overall mood have significantly improved.
• Patient is taking two Althea medicinal cannabis products. One manages pain during the day while the other, taken at night, helps sleep without waking with breakthrough pain.

Medicinal Cannabis: Althea in the United Kingdom Expanding Operations To Accommodate Patient Access

Althea's Opportunity: United Kingdom

The United Kingdom's highly regulated framework for prescribing, supplying and possessing medicinal cannabis products is very similar to that of Australia. With a population of 66 million people, research by Prohibition Partners suggests that medical cannabis can treat up to 2.9 million patients in the United Kingdom

Althea's Operations: United Kingdom

• Althea announced it will be one of the first to enter the UK Medicinal Cannabis market in February 2019
• Operations are now underway in the UK, with 12 personnel headquartered in London
• UK doctors are already assessing patients for the use of Althea medicinal cannabis, with products able to be supplied on a named patient basis upon prescription
• Althea UK products have been approved by Ministry of Health (MoH) and Home Office bulk import permit expected imminently

Althea is one of the first medicinal cannabis companies to enter the UK market. Althea UK has engaged a dozen representatives in the UK, with its head office in Camberley, 30 miles southwest of London.

The United Kingdom will create a second significant distribution channel for Althea's Australian grown and manufactured products once available – projected for 2020

Althea is able to export medicinal cannabis products to the United Kingdom on a named patient basis

Althea Group Holdings Limited (ASX:AGH) | PAC Partners Hong Kong Conference - June 2019

Medicinal Cannabis: Althea in the United Kingdom Expanding Operations To Accommodate Patient Access

ASX Announcement | 31 May 2019 Althea Launches UK Concierge Platform Commences First Assessments of Patients in the UK

Investment Highlights

• Althea Concierge UK launches successfully with doctors already commencing their first assessments of patients for Althea medical cannabis products
• Althea Concierge UK streamlines the prescription process and facilitates patient referrals from primary care doctors to Althea UK specialist prescribers
• Althea and Drug Science joint educational meetings to be held in June are oversubscribed, with nearly 300 healthcare professionals registered to attend
• Althea sponsored and participated in the recent Improving Outcomes in the Treatment of Opioid Dependence (IOTOD) Conference in Germany

**"**The launch of Althea Concierge UK and progression of our partnerships with two leading UK scientific committees are key developments for our UK expansion."

- Chief Executive Officer & Founder, Joshua Fegan

Althea's International Strategic Growth Initiatives Export & Emerging Market Opportunities

• AUSTRALIA: Export of medicinal cannabis products from Australia is permitted under the Narcotic Drugs Amendment (Cannabis) Regulations 2018
• Export enhances the viability of the Australian medicinal cannabis industry as Australian licensed producers can now access overseas markets where importation is legal

• UNITED KINGDOM: Althea expects that the UK will create a second significant distribution channel for Althea's Australian-grown and manufactured products
• FRANCE: France has a population 67 million and is expected to have legalisation in the first half of 2020 and is a logical next step in Althea's European strategy

• SOUTH KOREA: Althea is currently exploring opportunities in South Korea which has a population of 51 million and where medicinal cannabis is being legalised

• UNITED STATES OF AMERICA: Althea will continue to monitor the status of other emerging markets, including the USA – where federal legislation of medicinal cannabis would likely be highly regulated

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

Althea Group Holdings Limited Josh Fegan, CEO & Managing Director 1300 70 20 20 | contact@althea.com.au Joshua Fegan, CEO & Managing Director

Investors: PAC Partners Securities 03 8633 9834 | enquiries@pacpartners.com.au

Media: The Capital Network Julia Maguire, Executive Director 0419 815 386 | julia@thecapitalnetwork.com.au

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

Althea Group Holdings Legal Disclaimer

Althea Group Holdings Limited ACN 626 966 943 (Company) has prepared this presentation (Presentation) dated 12 June 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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