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Investor Presentaiton

Specific Bega Investment Risks Failure to maintain supplier relationships Failure to maintain supplier relationships could adversely impact Bega. In addition, there is a risk that existing arrangements with key customers are not renewed or extended at the end of their term, or any extension or renewal may not be on as favourable terms. Product quality and liability risk The nature of products supplied by Bega is that of a consumable food product. Such products may be liable to infestation, mould and other biological impacts which occur in natural products. Such products may also be subject to processing and production defaults against specification. Any product liability event may have a materially adverse effect on Bega's financial performance and position. Product quality issues can damage Bega's reputation and customer demand for products. Reputation and Brand Risk A decline in the high level of loyalty and trust that Bega enjoys with its customers could compromise the market positions of their products and adversely affect Bega's operating and financial performance. This could occur as a result of a wide range of factors or events, including: 1. A product contamination and/or recall; 2. A major workplace health and safety incident occurring in one of Bega's manufacturing facilities; 3. A significant breach of regulatory or legislative requirements. Increasing Cost of Doing Business Certain costs of conducting the Bega business are outside Bega's control. Page 41 Bega
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