Ann: Quarterly Report and Appendix 4C, page-10

This 4C update is demonstrating commercial acumen and what a good business should do. Focussed on generating high quality dairy product mixes with higher margins and building a long term sustainable business for shareholders and the founders

The new manufacturing facility is tracking very well.

Quarterly cash burn is ~$1.1m per quarter with ~$11m in cash in the bank. Which shows tightly managed costs and expenses.

A business that is very well run