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Investor Presentaiton

Key risks (continued) General risk factors outside the Company's control which may have a significant impact on the future performance of the Company include, but are not limited to the following: RETAIL FOOD GROUP the ongoing volatility posed by the conflict between Russia and Ukraine, and the impact this continues to have on Australia's economy and the economies of other nations; changes in government policy, regulations or laws; a) economic conditions in Australia and internationally; b) major structural issues affecting many developed economies, particularly those countries with high sovereign debt levels; c) market volatility, especially given the present uncertainties in international trade, financial and political conditions; d) e) f) h) i) j) k) 1) changes in the earnings of companies in Australia (whether as a result of general weakness in economic conditions or otherwise); a slowdown in emerging markets, including China, which may impact economic growth in Australia; changes in investor sentiment and perceptions in local and international stock markets; changes in interest, exchange and inflation rates; changes in commodity prices; changes in domestic or international fiscal, monetary, regulatory and other government policies, including changes to the taxation of company income and gains and the dividend imputation system in Australia, changes in other general world, economic and political factors may also adversely affect the Company, its future earnings and capital appreciation of the Company's investments; and geo-political conditions such as acts or threats of terrorism, military conflicts or international hostilities. There are risks associated with any investment in securities. The trading price of the Shares may fall or rise with movements in the equity capital markets in Australia and internationally. There is no guarantee Shares will trade at or above their issue price. The historic share price performance of the Shares provides no guidance as to the future market price of the Shares. Page 27
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