Ann: GENERAL: ALF: Alllied Farmers Limited Subsidiary Refinances Term Loan

• Release Date: 20/01/16 12:41
• Summary: GENERAL: ALF: Alllied Farmers Limited Subsidiary Refinances Term Loan
• Price Sensitive: No
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					ALF
20/01/2016 12:41
GENERAL
NOT PRICE SENSITIVE
REL: 1241 HRS Allied Farmers Limited

GENERAL: ALF: Alllied Farmers Limited Subsidiary Refinances Term Loan

Allied Farmers Ltd ("ALF") advises that ANZ Bank has refinanced NZ Farmers
Livestock Ltd.'s ("NZFL") second mortgage.

NZFL is a subsidiary of ALF. When NZFL acquired a number of saleyards from
ALF in 2013 a $700,000 loan was established with a related party to help fund
the purchase, secured by a second mortgage. The ANZ refinancing fully repays
the related party loan and eliminates the second mortgage.

Improved overdraft facilities since mid-2015 have supported significant
growth and cost reduction within the NZFL group.

Chairman Garry Bluett said that as interest costs decrease in relation to
these changes there has been a significant reduction in the cost of funds for
NZFL.

Garry Bluett

Chairman
End CA:00276619 For:ALF    Type:GENERAL    Time:2016-01-20 12:41:30