Investor Presentaiton

Reset and strengthen balance sheet and capitalise on growth opportunities RETAIL FOOD GROUP RFG is seeking to achieve the 01 Reset and strengthen balance sheet following objectives... 02 Pursue core business and inorganic growth opportunities Sources and uses Sources Placement SPP New Debt Facility Unrestricted Cash Total sources Uses Reset and strengthen balance sheet Repay and extinguish existing bank facilities Placement transaction costs New Debt Facility transaction costs Pursue core business and inorganic growth opportunities Core business and inorganic growth opportunities Working capital Total uses 1. Based on $27.4m proceeds from the Placement and SPP (assuming the SPP raises the target amount sought of $2.5m). The SPP is not underwritten. 2. Assumes the successful drawdown of the New Debt Facility of $20.0m with WHSP. Key terms of the New Debt Facility are outlined on page 15 of this presentation. $24.9m1 $2.5m1 $20.0m² $7.2m³ $54.7m $34.0m $2.2m4 $1.5m5 $6.5m $10.5m6 $54.7m 3. Presents Dec-22 cash reserves less restricted cash ($5.9m) and significant known cash costs already paid or payable by the Company in the short term including existing debt repayment made in Feb-23 ($2.5m), ACCC resolution paid in Q3FY23 ($3.3m), and ACCC resolution to be paid in the 12 months commencing Apr-23 ($5.2m). 4.Includes legal and corporate advisory costs and are variable based on the targeted proceeds from the Placement and SPP. Should proceeds from the Placement or SPP differ to the amounts in the table above, the transaction costs will also change. 5. Includes lender legal costs, establishment fee and RFG's legal and corporate advisory costs. 6. 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. To the extent the Directors determine (in their absolute discretion) to accept oversubscriptions under the SPP, this amount will be increased accordingly. Page 12

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