Seeka Limited — Capital/Financing Update 2018

Jul 9, 2018

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10 July 2018

Seeka markets Northland horticultural land holding

Seeka Limited [NZX:SEK] advises that it has today released an information memorandum and process to sell nine orchards, including the six orchards recently acquired from Turners and Growers Horticulture Limited.

The Northland property portfolio covers 288 hectares. The process is set to run for five weeks with the current timetable calling for bids on 15 August 2018.

Michael Franks, Seeka Chief Executive advised that “ it was always Seeka’s intention to market the Northland land holding as it focussed on refurbishing the post-harvest facility. And this is an excellent opportunity for investors to gain a significant stake in prime New Zealand horticultural orchards and land, with a mix of mature orchards in production, orchards in development, across kiwifruit and avocados. The portfolio includes bareland for future development. The offer will come with long-term orchard management and post-harvest services provided by Seeka. ”

Seeka advises it has contracted independent consultant Michael Blennerhassett to assist in the coordination of the sale process and any interested parties are invited to contact Michael on 09 215 9121 or by email to michael.blennerhassett@gmail.com. A copy of the information memorandum is available on Seeka’s website at www.seeka.co.nz.

Ends.

For further information, please contact:

Michael Franks Seeka Chief Executive 021356516 Stuart McKinstry Seeka Chief Financial Officer 0212215583