WINGARA AG LTD — Interim / Quarterly Report 2017

Feb 27, 2017

Wingara AG Limited ACN 009 087 469 Suite 1/1233 High Street Armadale, Victoria 3143

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Half Year Results Announcement

Wingara Ag Ltd (ASX: WNR) is pleased to provide the Company’s half year results for the period ended 31 December 2016.

• Improved turn over volume compared to same period last year

• Signed Memorandum of Understanding (“MoU”) for greenfield development at Horsham

• Invested in capital expenditure to support future growth

• Continue to improve our Capital Structure and business profile with active Balance Sheet management and pursuing of new acquisitions

28 February 2017

During the first half of the financial year ending 2017 ( 1HFY17 ), the Company achieved $5.7 million in sales of its products. The sales figure was based on amount of hay contracted from suppliers before completion of IPO and limited output to 85% of the processing capacity available in 1HFY17. During 1HFY17, our revenue reflected strong export sales with international demand of our products in excess of our supply. Our revenue also consisted of opportunistic domestic hay trading to better manage the quality of our inventory against international demand and take advantage of the strong domestic prices available in the market before the new harvest season arrived.

The 2016/2017 hay harvest season was extended due to consistent rainfall patterns for the months of October and November. The Company took this opportunity to better prepare for the production and marketing profile for calendar year 2017. Our challenge at the moment is to meet the strong demand from our clients, especially those from China.

In August 2016, the Company successfully completed a capital raise of $5 million for the acquisition of Pyrenees Hay Processing Co-Operative Ltd (“PHPC”) from the issue of convertible notes and fully paid ordinary shares based on a comprehensive MoU. The completion of acquisition has been delayed due to PHPC’s inability to satisfy its obligations under original terms of the commercial agreement. The current PHPC’s management team is actively addressing outstanding commercial and legal issues to mitigate the Company’s concerns on a number of risk issues and we expect to start renegotiation by the end of April 2017.

In October 2016, the Company announced it has signed a MoU with Horsham Rural City Council which gives the Company an exclusive option to purchase a 20Ha Greenfield site adjacent to the Wimmera Freight terminal for development. Management is working with the Horsham Rural City Council to finalise all the terms of the option and will update the market on the outcome in due course. The Company is working towards completion of all required approvals and permits in late 2017 and is targeting completion of construction by end of 2018, subject to relevant council and government approvals. The Company will target a processing capacity of 25,000MT at end of construction. To date, the Company has invested approximately $400,000 on management systems, equipment,

employment of senior managers and training to improve productivity at the Epsom site and prepare the platform to support the second processing plant in Horsham.

The Company continues to work its financier to restructure the debt profile to reduce financing related costs, support continuing demand and improve flexibility.

About Wingara Ag Limited:

Wingara Ag Limited aims to be the leader in the sale of agricultural products to the domestic and international markets, particularly focusing on the export of hay products to Asia. By adhering to the highest standards of production we ensure a reliable source of hay to our clients, enabling them to meet their business demands confident in the quality of our product.

We are also dedicated to supporting local producers and our commitment to providing an equitable relationship with Australian farmers allows us to source the best product available. Wingara is committed to ensuring we uphold the highest standards of integrity throughout the organisation, ensuring that we create an environment in which individuals continue to strive to meet our goals.

Forward-Looking Statements:

Certain statements made in this release are forward-looking statements and are based on Wingara Ag’s current expectations, estimates and projections. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Wingara Ag believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Wingara Ag’s control, including those risks or uncertainties inherent in the process of both developing and commercialising technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Wingara Ag will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority.