SELECT HARVESTS LIMITED — Capital/Financing Update 2014

Aug 26, 2014

==> picture [562 x 89] intentionally omitted <==

27 August 2014

Select Harvests announces successful completion of $46.5 million Institutional Share Placement

Select Harvests has successfully completed an institutional placement of approximately 8.7 million ordinary shares at A$5.35 per share to raise approximately A$46.5 million of new capital.

The placement was substantially oversubscribed and had strong broad based support from Select Harvests' existing domestic and offshore institutional shareholders, as well as new institutional investors in Asia and the UK looking to gain exposure to the Australian almond industry.

Mr Michael Iwaniw, Chairman of Select Harvests said: "The Board is delighted with the response to the institutional placement. It demonstrates the confidence of our shareholders and the wider market in Select Harvests, the growth initiatives announced on 25[th] August and the strengthened dynamics of the Australian almond industry".

Settlement is scheduled to occur on Monday, 1 September 2014, with the placement shares being allotted and quoted on the Australian Securities Exchange on Tuesday, 2 September 2014.

As previously announced, Select Harvests intends to offer Eligible Shareholders in Australia and New Zealand the opportunity to participate in a non-underwritten share purchase plan (SPP) to raise up to a maximum of A$15,000 per shareholder.

Further details of the SPP, including the 1.25% stamping fee to be paid to brokers, will be provided to eligible shareholders in due course.

Select Harvests are advised by Kidder Williams Ltd. CIMB Corporate Finance (Australia) Ltd, Wilson HTM Corporate Finance Ltd and PAC Partners, acted as Joint Lead Managers and Underwriters to the Placement.

For further information, please contact:

Investors and Analysts Paul Thompson, Managing Director +61 3 9474 3544 Paul Chambers, Chief Financial Officer +61 3 9474 3544 Andrew Angus, Investor Relations +61 402 823 757

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.