Issue of New Shares

NZAX Release 31 March 2017 Issue of New Shares Cooks Global Foods Limited (NZAX:CGF) has established a new employee share scheme (ESS) and has today issued 2,000,000 unpaid ordinary shares (Unpaid Shares) to CGF Employee Share Trust Limited (Nominee). The Nominee is a wholly owned subsidiary of the Company and will hold the Unpaid Shares on trust for CGF and its employees subject to the terms of the ESS offers. While the Unpaid Shares remain unpaid they will confer no voting rights. The total number of Unpaid Shares equates to ~0.5% of all shares on issue for CGF. The maximum amount permitted under NZAX Listing Rule 7.3.6 is 5% of all shares on issue. 1,781,268 of the Unpaid Shares have today been allocated to eligible employees of CGF and have been issued at $0.128 per share, in accordance with CGF's terms of issue for the current employee share scheme offer. The issue price for the remaining 218,732 Unpaid Shares will be determined from time to time by the board when further employee share scheme allocations are made to eligible employees at the discretion of the board. CGF has today also issued 1,929,712 shares under its private placement capacity to CGF's eligible franchisees, at an issue price of $0.128 per share. The share issue is aimed at incentivising franchisees, and aligning their interests with the parent company (CGF). Full particulars of the share issues are set out below. For and on behalf of the Board Keith Jackson Chairman Class of Security: Ordinary shares ISIN: NZCFGE0001S7 Number issued (a) 218,732 (b) 1,781,268 (c) 1,929,712 Issue price (a) To be determined by the board (b) $0.128 per share (c) $0.128 per share Payment in cash (a) Unpaid (b) No (c) No Fully paid (a) No (b) No (c) Yes Percentage of class 0.952% Purpose of the issue (a) Employee Share Scheme Pool (b) Employee Share Scheme allocation to eligible employees (c) Private Placements to eligible Franchisees' Authority for the issue (a) NZAX Listing Rule 7.3.6, Board Resolutions (b) NZAX Listing Rule 7.3.6, Board Resolutions (c) NZAX Listing Rule 7.3.5, Board Resolutions Date of issue 31 March 2017 Total number of ordinary shares on issue following allotments 416,595,863 About Cooks Global Foods Cooks Global Foods operates in world markets and is listed on the NZAX market operated by NZX Limited in New Zealand under the code CGF. It owns the intellectual property and master franchising rights to Esquires Coffee Houses worldwide excluding New Zealand and Australia. Cooks currently operates or franchises Esquires Coffee Houses in Canada, the United Kingdom, Ireland, the Middle East, Indonesia, and China. Related businesses within the group include New Zealand-based supply companies Progressive Processors and Scarborough Fair. For more information visit: www.cooksglobalfoods.com End CA:00299202 For:CGF Type:ALLOT Time:2017-03-31 16:12:18