YOWIE GROUP LTD — M&A Activity 2019

May 19, 2019

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20 May 2019

ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

Aurora Dividend Income Trust intended takeover offer - TAKE NO ACTION

Yowie Group Limited (“Yowie” or “the Company") notes the announcement made earlier today by Aurora Funds Management Limited ("Aurora") with respect to an intended offmarket all scrip takeover offer by Aurora Dividend Income Trust (“ADIT”) for all of the fully paid ordinary shares in Yowie ("Offer").

Yowie shareholders are advised to TAKE NO ACTION in respect of the Offer until the Yowie Board makes a formal recommendation.

Should a bid be made on the terms outlined by Aurora, the Board would recommend shareholders reject the bid. The Board considers the unsolicited approach by Aurora to be highly opportunistic. The advised bid price of 9 cents per Yowie share, which will comprise solely of units in an unlisted managed investment scheme, fundamentally undervalues Yowie's business, brand, intellectual property and significant cash balance.

The Yowie Board will keep shareholders informed of further developments as they occur.

On behalf of the Board of Yowie Group Limited

Louis Carroll Chairman

Head Office

Yowie Group Ltd Level 4, 216 St Georges Terrace Perth WA 6000

PO Box 7315, Perth WA 6850 Phone +61 8 6268 2640 Fax +61 8 6268 2699

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ABN 98 084 370 669