Ann: Quarterly Report and Appendix 4C, page-2

Financial Highlights The first quarter for the FY2020, being the period from 1 April 2019 to 30 June 2019, recorded a substantial increase in total sales revenues and cash inflows from customers compared with the prior, last quarter of the FY19 year. The record performance in the first quarter continues to lay the foundations for the success of Keytone Dairy ahead of the new manufacturing facility coming online. These record results were achieved notwithstanding the fact that the Company is currently not able to take advantage of the additional in-house manufacturing capacity that is under construction. The results for the quarter do not reflect any performance of the Omniblend business, as this acquisition remains subject to shareholder approval, scheduled for 26 July 2019. The financial performance highlights include: • Total sales revenue is up 366% to approximately $A1.5m for the quarter compared with $A0.32m for the prior corresponding period, being the first quarter of FY19 (1 April 2018 to 30 June 2018) • Total sales revenue is up 129% for the quarter (1 April 2019 to 30 June 2019) compared with $A0.65m for the prior quarter ended 31 March 2019 • Total cash receipts for the quarter were up 75% to $A1.4m compared with $A0.82m for the prior quarter ended 31 March 2019 • Sales of Keytone Dairy proprietary branded powder products (as opposed to products contract packed for third parties) for the quarter are up 87% compared with the previous quarter • Sales of private label brands (products contract-packed by Keytone Dairy for third party customers) across the entire product range are up 11% compared with the previous quarter • Repeat sale orders of the recently-launched Keytone Dairy’s AMF product and the private label Kobe Beef Milk Calf Replacer, an animal nutritional product targeted specifically at Kobe Beef calves in Japan, achieved during the quarter • Significant one-off costs were incurred in the quarter in relation the acquisition of Omniblend Pty Ltd (“Omniblend&rdquo