Investor Presentaiton

02 Pursue core business and inorganic growth opportunities Funding uses $17.0m1 Comprising of: Capitalise on core business and inorganic growth opportunities Working capital $6.5m $10.5m1 RETAIL FOOD GROUP Objectives Core business growth opportunities RFG is seeking to capitalise on the recent tailwinds of its underlying brands to grow the core business through "capital light" growth opportunities. For some time, the unknown outcome and quantum of the ACCC resolution combined with the impacts of COVID have hampered RFG's ability to grow and further strengthen its brands. DRIVE TH Gloria Jean's Drive Thru network expansion Proven to have ~2x+ greater revenue generating capacity than in-line stores. Gloria Jean's US expansion . • Leverage existing presence in US (46 stores) and demand for coffee. Optimise existing resources to grow team and operations. CRUST HOME OF THE HOT CINNAMON RFG secure store lease & commence store construction² Bef -DONUT Improve access to Crust brand Launch in quality areas and fortress existing sites with satellite stores. Better leverage existing stores through rollout of 'Rack 'em Bones BBQ Ribs' virtual brand. Reinforce Donut King brand • Expand to new high-quality sites leveraging strong SSS and CC growth even through challenging recent market conditions. 2 Franchisee to repay RFG for upfront costs RETAIL FOOD GROUP Store to remain in corporate network 1. Assumes the SPP raises the target amount sought of $2.5m. To the extent that proceeds from the SPP are less than $2.5m, this amount will be reduced accordingly. The SPP is not underwritten. 2. RFG's current business model involves different leasing arrangements where RFG or franchisees may be 'head on lease'. In terms of construction, this is almost exclusively committed to by franchisees. However, having capital to hand to grow the core business will allow RFG to move quickly to undertake these initial steps to secure quality sites. Page 14 RETAIL FOOD GROUP Inorganic growth opportunities RFG is exploring a number of inorganic growth opportunities. Joint ventures with new market entrants Partnership agreements Strategic brand system acquisitions

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