Heart of the Table - Financial and Strategy Update

Strategy update - Feed INGHAM'S Heart of the Table Focus on providing self sufficiency for own use, and improving mill utilisation and profitability of third party sales Construction of greenfield feed mill in Murray Bridge (SA) is on track to open in 2018 > Acquired existing Wacol (QLD) mill during 2H FY18, consistent with strategy of feed self-sufficiency Well advanced in planning for a new state of the art feedmill in WA, as part of WA expansion > Dairy feed business (NZ) and Mitavite (horse feed) performing well Λ Continue to review improvement opportunities in the commercial stockfeed business Feed Strategy Feed mill under construction Murray Bridge, South Australia PAGE // 16

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