Ann: EVE to Acquire Leading Aust Organic Tea Tree Oil Producer, page-2

 EVE has entered a binding share purchase deed to acquire 100% of leading organic tea tree oil producer Jenbrook Pty Ltd for cash consideration of $2.864m together with paying $272,040 and issuing 30,226,666 shares to extinguish management loans  Jenbrook is one of Australia’s largest organic tea tree oil producers supplying both local and international markets with high quality tea tree oil and hydrosol  Acquisition includes its plantation assets and a 49% holding in rapidly growing US distribution business Naturally Australian Products LLC, a prominent natural oils distributor in the USA  Strong revenue generating, Jenbrook reported revenues of $2.1 million for FY17 from its tea tree products, with a further unaudited contribution of US$1.5 million from its subsidiary NAP  Expands EVE’s medicinal products portfolio and provides exposure to established businesses with rapidly growing revenue bases  The Naturally Australian Products acquisition facilitates direct distribution access to the U.S. market for all of EVE’s portfolio of products and allows EVE to capture 49% of the distributors margin  Shareholder Meeting to be held to approve transaction under Listing Rule 11.1.2 EVE Investments (“EVE” or the “Company”) (ASX:EVE) is pleased to announce that it plans to acquire 100% of NSW organic tea tree oil producer Jenbrook Pty Ltd (“Jenbrook”) for a cash consideration of $2.864 million, from Jenbrook founder and sole shareholder, Bryan Easson. EVE will further pay $272,040 and issue 30,226,666 shares to extinguish management loans. Jenbrook is an established, Certified Organic tea tree farm in the Northern Rivers Region of NSW Australia. It owns 100% of Jendale, a 1,147 acre old growth tea tree plantation, along with 100% of Robyndale a 1,000 acre plantation used in the production of organic tea tree oil for distribution throughout the U.S. and Europe. In addition, Jenbrook has a 49% holding in distributor, Naturally Australian Products LLC., a preeminent distributor of natural extracts and oils into the United States. Through its two tee tree plantations, Jenbrook harvests and sells tea tree oils, extracts and products to its 49% subsidiary, Naturally Australian Products and to third party international customers. It reported unaudited revenues of $2.1 million for the financial year 2017 from its tea tree products, with a further unaudited contribution of US$1.5 million from the 49% owned NAP.