Silver Chef : Entitlement Offer Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Information or documents not available now must be given to ASX as soon as available. Information and

documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Silver Chef Limited

ABN

ABN 28 011 045 828

We (the entity) give ASX the following information.

You must complete the relevant sections (attach sheets if there is not enough space).

Fully paid ordinary shares (ASX: SIV)

1 +Class of +securities issued or to be issued

Approximately 3,003,170 fully paid ordinary shares to be issued through a one for twelve pro-rata non- renounceable Entitlement Offer

1. Number of +securities issued or to be issued (if known) or maximum number which may be issued

   Fully paid ordinary shares under the Entitlement Offer and ranking equally with all other fully paid ordinary shares

2. Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid

   +securities, the amount

   outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

   Yes, however for the avoidance of doubt, New Shares issued under the Entitlement Offer will not be eligible for Silver Chef's interim dividend of 12.9 cents per share announced on 21 February 2017

3. Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?

   If the additional securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

     $7.00 per New Share

4. Issue price or consideration

   The proceeds of the Entitlement Offer will be used to support the Company's ongoing growth in its rental asset base and ensure an appropriate mix of funding sources.

5. Purpose of the issue

   (If issued as consideration for the acquisition of assets, clearly identify those assets)

   No

   6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

   If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

   N/A

   6b The date the security holder resolution under rule 7.1A was passed

   N/A

   6c Number of +securities issued without security holder approval under rule 7.1

   N/A

   6d Number of +securities issued with security holder approval under rule 7.1A

   N/A

   6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

   + See chapter 19 for defined terms.

   Appendix 3B Page 2 01/08/2012

   N/A

   6f Number of securities issued under an exception in rule 7.2

   N/A

   6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation.

   N/A

   6h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

   Capacity under Listing Rule 7.1 is 5,383,893 Capacity under Listing Rule 7.1A is Nil Total remaining capacity is 5,383,893

   6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

   29 March 2017 (for the institutional entitlement offer)

   24 April 2017 (for the retail entitlement offer)

6. Dates of entering +securities into uncertificated holdings or despatch of certificates

   Number	+Class
   39,041,201	Fully paid ordinary shares

7. Number and +class of all

   +securities quoted on ASX (including the securities in section 2 if applicable)

   Number	+Class
   Nil	N/A

8. Number and +class of all

   +securities quoted on ASX (including the securities in section 2 if applicable)

   Same as policy on all existing quoted fully paid ordinary shares

9. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

   Part 2 - Bonus issue or pro rata issue

   No

10. Is security holder approval required?

    Non-renounceable Entitlement Offer

11. Is the issue renounceable or non- renounceable?

    One New Share for every twelve existing Shares

12. Ratio in which the +securities will be offered

Fully paid ordinary shares

14 +Class of +securities to which the offer relates

23 March 2017 (7.00pm Brisbane time)

15 +Record date to determine entitlements

No

1. Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?

   The entitlements will be rounded up in relation to fractions

2. Policy for deciding entitlements in relation to fractions

   Canada (retail shareholders), France, Germany (retail shareholders), Hong Kong, Japan, Malaysia, Mexico, Namibia, Papua New Guinea, Singapore, Switzerland (retail shareholders), Thailand and United Kingdom

3. Names of countries in which the entity has +security holders who will not be sent new issue documents

   Note: Security holders must be told how their entitlements are to be dealt with.

   Cross reference: rule 7.7.

4. Closing date for receipt of acceptances or renunciations

12 April 2017 (5.00pm Brisbane time)

1. Names of any underwriters Fully underwritten by Morgans Corporate Limited

   ACN 010 539 607 and Wilsons Corporate Finance

   Ltd ACN 057 547 323

   2 % underwriting fee and 2 % management fee

2. Amount of any underwriting fee or commission

   N/A

3. Names of any brokers to the issue

   N/A

4. Fee or commission payable to the broker to the issue

   N/A

5. Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders

+ See chapter 19 for defined terms.

Appendix 3B Page 4 01/08/2012