Pure Foods Tasmania : Capital Raising Presentation

IMPORTANT NOTICE AND DISCLAIMER

NOTonlyFOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES

IMPORTANT: You must read the following before continuing

This prese tation is dated Thursday, 28th July 2022 and has been prepared by Pure Foods Tasmania Limited (ASX:PFT or Company) in connection with PFT proposed equity raising of new ordinary shares in PFT (New Shares) comprising:

• A placement of New Shares to institutional and sophisticated investors under Section 708A of the Corporations Act 2001 (Corporations Act) (placement); and

• An ffer f New Shares to eligible shareholders under a rights issue in accordance with ASIC Corporations under section 708AA as modified by ASIC Corporations (non-Traditional Rights Issues) Instrument 2016/84,

and provides a general overview of the Company and its strategy, which is current as at the date of this presentation. The Placement is facilitated by by Prenzler Group Pty Ltd (ABN 77 621 100 730) (Lead Manager or Prenzler). The Lead Manager is acting as lead manager and bookrunner to the Placement. Neither the placement or rights issue is underwritten. By receiving this presentation, you are agreeing to the following restrictions and limitations.

SummaryuseInformation

This pre entation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of the Company. This presentation has been prepared with due care but no representation or warranty, express or implied, is made with respect to the accuracy, reliability or completeness of the information contained in this presentation. Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. PFT is not responsible for updating, nor undertakes to update, this presentation. The information in this presentation should be read in conjunction with PFT's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au.

To the f llest extent permitted by law, the Company, the Lead Manager and their respective affiliates, related bodies corporates, officers, employees, partners, agents and advisers make no representation or warranty (express or implied) as to the currency, accuracy, reliability, reasonableness or completeness of the information in this presentation and expressly disclaim all responsibility and liability for any loss or damage arising in respect of your reliance on the information contained in this presentation (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

Forw rd-looking Statements

This presentation contains "forward-looking information" that is based on the Company's expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, the Compa y's business strategy, plan, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, and prospects of the Company. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as 'outlook', 'anticipate', 'project', 'target', 'likely',' believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and similar expressions. Persons reading this presentati n are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other fact rs that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to general business, economic, competitive, political and social uncertainties; changes in the Company as plans continue to be refined; sea onal and environmental conditions and supply chain security.

IMPORTANT NOTICE AND DISCLAIMER (cont)

Noonlyrepresentation or warranty is given, and nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective busi esses and operations of the Company.

Past Performance

Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance.

Financial Data

Unless otherwise stated, all cashflows are in Australian dollars, are undiscounted and are in real terms (not subject to inflation/escalation factors), and all Company references starting with "FY" refer to the financial year for the Company, ending 30 June.

NotuseAn Off r

This pr s ntation is for information purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and

Inve tments Commission (ASIC)). This presentation is not and should not be considered an offer or an invitation to subscribe for or acquire securities or any other financial products. The placement will be conducted under section 708A of the Corporations Act and will be made available to certain persons who are "professional" or "sophisticated" investors (as defined in subsections 708{8) and 708(11) of the Corporations Act).

The rights issue will only be made available to eligible securityholders and will be conducted in accordance with section 708AA of the Corporations Act.

Not Financial Product Advice

This presentation is not an offer or an invitation to acquire New Shares of the Company, does not constitute investment or financial product advice (nor tax, accounting or legal advice) or any recommendation to acquire New Shares in the United States orpersonalin any other jurisdiction where it would be illegal. This presentation has been prepared without taking into account the specific objectives, financial situation or needs of individual investors. Before making an investment decision, prospective

investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction and circumst nces. PFT is not licensed to provide financial product advice in respect of its securities. Cooling off rights do not apply to the acquisition of New Shares.

Foreign Selling Restrictions

This presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this presentation have not been, and will not be, registered under the US Securities Act of 1933 ("US Securities Act") and may not be offered or sold in the United States except in transacti ns exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

The di tribution of this presentation in the United States and elsewhere outside Australia may be restricted by law. Persons who come into possession of this presentation should observe any such restrictions as any non compliance could contravene applicable ecurities laws. Please refer to the section of this presentation headed "Foreign Selling Restrictions" for more information. By accessing this presentation, you represent and warrant that you are entitled to receive such presentation in

acco dance with these restrictions and agree to be bound by the limitations contemplated by them.

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IMPORTANT NOTICE AND DISCLAIMER (cont)

Investmentonlyrisk and other risks

An i vestment in New Shares is subject to investment and other known and unknown risks, some of which are beyond the control of PFT and its Directors, including possible loss of income and principal invested. PFT does not guarantee any particular rate of return or the performance of PFT nor does it guarantee any particular tax treatment. Investors should have regard to the "Key Risks" section of this presentation when making their investment decision. These risks, together with other general risks applicable to all investments in listed securities not specifically referred to, may affect the value of shares in PFT (including New Shares) in the future.

There is no guarantee that the New Shares will make a return on the capital invested or that there will be an increase in the value of the New Shares in the future. Disclaimer

No party other than PFT has authorised, permitted or caused the issue, submission, despatch or provision of this presentation or makes or purports to make any statement in this presentation. PFT has entered into a Corporate Mandate Agreement withusethe L ad Manager in respect of the Placement (Corporate Mandate Agreement). A summary of the key terms of the Corporate Mandate Agreement is included in the section of this presentation headed "Summary of Corporate Mandate

Agr m nt".

To the maximum extent permitted by law, each of the Lead Manager, its affiliates or related bodies corporate, and each of their respective advisers, directors, officers, partners, employees and agents (each a Limited Party) expressly exclude and di claim all responsibility and liability, including, without limitation, for negligence or in respect of any expenses, losses, damages or costs incurred by you as a result of your participation in the Offer and the information in this presentation being inacc rate or incomplete in any way for any reason, whether by way of negligence or otherwise.

While the information in this presentation has been prepared in good faith, no representation or warranty, express or implied, is made as to the fairness, currency, accuracy, reliability or completeness of information in this presentation or any constituent or associated presentation, information or material, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in, implied by, the information in this presentation or any part of it, or that this presentation contains all material information about PFT, the Offer or that a prospective investor or purchaser may require in evaluating a possible investment in PFT or acquisition of New Shares.

The Lead Manager and its other Limited Parties make no recommendations as to whether you or your related parties should participate in the Offer nor do they make any representations or warranties to you concerning the Offer. There is no st tement in this presentation which is based on any statement by the Lead Manager or the Lead Manager's Limited Parties (except for references to the Lead Manager's name). You represent, warrant and agree that you have not relied on any

st tements made by the Lead Manager or other Limited Parties in relation to the Offer and you further expressly disclaim that you are in a fiduciary relationship with any of PFT, the Lead Manager or its Limited Parties. You undertake that you will not seek to sue or hold the Lead Manager or their Limited Parties liable in any respect in connection with this presentation or the Offer (to the maximum extent permitted by law).

The Lead Manager, together with its affiliates is engaged in various activities, which may include trading, financing, financial advisory, investment management, investment research, principal investment, hedging, marketing making, market lending, br kerage and other financial and non-financial activities and services including for which it has received or may receive customary fees and expenses. The Lead Manager (and/or its respective bodies corporate) has performed, and may perform, other financial or advisory services for PFT, and/or may have other interests in or relationships with PFT and its related entities or other entities mentioned in this presentation for which they have received or may receive customary fees and expenses. With ut limitation, in the ordinary course of their various business activities, the Lead Manager and other Limited Parties may have interests in the securities of PFT, including providing investment banking services to PFT. Further, they may act as market maker or buy or sell those securities or associated derivatives as principal or agent. The Lead Manager will receive fees for acting in its capacity as lead manager and bookrunner to the Placement.

Inve tors acknowledge and agree that determination of eligibility of investors for the purposes of the Placement is determined by reference to a number of matters, including legal and regulatory requirements, logistical and registry constraints and the disc etion of PFT and the Lead Manager. Each of PFT and the Lead Manager and each of their respective affiliates disclaim any duty or liability (including for negligence) in respect of that determination and the exercise or otherwise of that