Investor Presentaiton

Equity capital raise summary Structure RETAIL FOOD GROUP Offer Structure and Size Offer price • RFG is pleased to announce an equity raising of approximately $27.4 million of new fully paid ordinary shares in the Company ('New Shares') via a placement to sophisticated and professional investors ('Placement') and a share purchase plan ('SPP') (collectively the 'Offer'), comprising: ° Placement of 311.5 million New Shares to raise approximately $24.9 million within the Company's existing ASX Listing Rule 7.1 placement capacity. SPP offered to existing and eligible RFG shareholders in Australia and New Zealand to raise approximately $2.5 million (subject to Directors determining in their absolute discretion to accept oversubscriptions subject to the ASX Listing Rules and ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547).1 Eligible shareholders will be entitled to subscribe for up to $30,000 worth of New Shares under the SPP. All RFG Directors intend to participate in the Offer through the SPP up to a maximum subscription of $30,000. All shares under the Placement and SPP will be issued at a fixed price of $0.08 per New Share ('Offer Price'). The Offer Price represents: 12.1% discount to the last close of $0.091 on Tuesday, 28 February 2023. 8.9% discount to the Wednesday 1 March 2023 VWAP of A$0.0878. 19.7% discount to the 30-day VWAP of $0.0996 up to and including Wednesday, 1 March 2023. Reset and strengthen balance sheet Use of Funds Ranking Advisors . Capitalise on core business and inorganic growth opportunities 0 . • New Shares issued under the Placement and SPP will rank pari-passu with existing shares on issue. Shaw and Partners Limited is Sole Bookrunner to the Placement. Petra Capital Pty Limited and Shaw & Partners Limited are acting as Joint Lead Managers to the Placement. Arnold Bloch Leibler is the Australian legal adviser to the Company in respect of the Offer. 333 Capital is acting as corporate adviser to the Company in respect of the Offer. 1. Eligible shareholders are registered Retail Food Group shareholders, as at 7.00pm (AEDT), 2 March 2023 who have a registered address in Australia or New Zealand, do not hold Retail Food Group shares on behalf of a person who resides outside Australia or New Zealand. Page 15

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