WIDE OPEN AGRICULTURE LTD — Director's Dealing 2021

Jun 24, 2021

ASX Announcement

25 June 2021

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WOA ATTRACTS NEW INSTITUTIONAL INVESTORS

Wide Open Agriculture Limited (ASX: WOA) (“WOA” or the “Company”), is pleased to announce that 2,267,985 WOAO Listed Options (“Options”) were sold pursuant to block trade arrangements managed by Euroz Hartleys Limited.

The Options sold were held by WOA Chairman, Anthony Maslin and WOA Managing Director, Dr Ben Cole. The Options were purchased by Australian based fund management institutions that are equally committed to the Company’s vision. The strategic value that these new institutional investors bring to the Company’s share register will be significant.

Mr Maslin’s WOA shareholding remains the same at 7,879,379 Fully Paid Ordinary Shares (4,750,000 voluntarily escrowed to 6 July 2023).

Dr Cole’s WOA shareholding also remains the same at 7,621,786 Fully Paid Ordinary Shares (1,250,000 voluntarily escrowed to 6 July 2023).

Mr Maslin and Dr Cole have not sold any shares in WOA since the inception of the Company.

To reflect their long term commitment to the Company, three of the major WOA shareholders (Commonland Foundation, Anthony Maslin and his wife, Marite Norris, as joint holders and Ben Cole) previously entered into voluntary restriction or escrow deeds restricting the disposal of a portion of their Shares together totalling 14,000,000 Shares for a period of 5 years from the date on which official quotation of the Shares on ASX commenced and will remain escrowed until 6 July 2023.

The block trade of Options to a new institutional shareholder provides strong validation that investors appreciate the Company’s growth strategy to increase revenue and launch additional products for its fast-growing conscious customer base.

The WOA board continue to uphold their commitment to reduced remuneration in order to direct maximum funds towards creating value for all shareholders. WOA shareholders previously approved the issue of Options to directors as a cost effective way to provide remuneration linked to the performance of the Company.

The Options will be exercised before the expiry date of 30 June 2021 raising approximately $680,000 for WOA.

This ASX release has been approved for release by the Board of Directors.

For enquiries please contact:

Sam Wright Company Secretary – Wide Open Agriculture Ltd sam@straightlines.net.au

About Wide Open Agriculture Ltd

Wide Open Agriculture (WOA) is Australia’s leading ASX-listed regenerative food and agriculture company. The Company’s innovative Dirty Clean Food brand markets and distributes food products with a focus on conscious consumers in Australia and South-East Asia. Products are chosen based on their market potential and the positive impact they deliver to farmers, their farmland and regional communities. The company is based in the Wheatbelt of Western Australia. WOA operates under a ‘4 Returns’ framework and seeks to deliver measurable outcomes on financial, natural, social and inspirational returns.

WOA is listed on the Australian Securities Exchange (code: WOA) and the Frankfurt Stock Exchange (code: 2WO) and is the world’s first ‘4 Returns’ publicly listed company.

www.wideopenagriculture.com.au

www.dirtycleanfood.com.au

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity WIDE OPEN AGRICULTURE LIMITED ACN 604 913 822

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Anthony Maslin
Date of last notice	27 November 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The securities are held by Mr Anthony Robert Frederick Maslin & Ms Marite Norris as trustee for the Maslin Family Trust. Mr Maslin is a beneficiary of the Maslin Family Trust
Date of change	25 June 2021
No. of securities held prior to change	7,879,379 Fully Paid Ordinary Shares (4,750,000 escrowed to 6 July 2023) 1,717,985 Listed Options (30c, exp 30/06/2021) 500,000 Unlisted Options (20c, exp 30/11/2022) 750,000 Unlisted Options ($1.28, exp 30/11/2024)
Class	Listed Options (30c, exp 30/06/2021)
Number acquired
Number disposed	1,717,985
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	45 cents per option

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	7,879,379 Fully Paid Ordinary Shares (4,750,000 escrowed to 6 July 2023) 500,000 Unlisted Options (20c, exp 30/11/2022) 750,000 Unlisted Options ($1.28, exp 30/11/2024)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 – ~~[+]~~ Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity WIDE OPEN AGRICULTURE LIMITED ACN 604 913 822

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr Ben Cole
Date of last notice	27 November 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	25 June 2021
No. of securities held prior to change	7,621,786 Fully Paid Ordinary Shares (1,250,000 escrowed to 6 July 2023) 550,000 Listed WOAO Options (30c, exp 30/06/2021) 900,000 Unlisted Options (20c, exp 30/11/2022) 1,000,000 Unlisted Options ($1.28, exp 30/11/2024)
Class	Listed Options (30c, exp 30/06/2021)
Number acquired
Number disposed	550,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	45 cents per option

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	7,621,786 Fully Paid Ordinary Shares (1,250,000 escrowed to 6 July 2023) 900,000 Unlisted Options (20c, exp 30/11/2022) 1,000,000 Unlisted Options ($1.28, exp 30/11/2024)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 – ~~[+]~~ Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011