Foley Family Wines in discussions to acquire Mt Difficulty

24 October 2017 Foley Family Wines in discussions to acquire Mt Difficulty Wines Foley Family Wines Limited [NZX: FFW] advises that it has entered into discussions with Mt Difficulty Wines Limited (MDW) in connection with the potential acquisition by FFW of the Mt Difficulty Wines assets and business, including its iconic Central Otago wine brands Mt Difficulty and Roaring Meg and its winemaking and cellar door facilities. Entry into a transaction with MDW is subject to FFW satisfactorily completing due diligence and successfully concluding transaction documentation with MDW, and completion of any transaction is expected to be subject to conditions including the need for FFW shareholder approval and Overseas Investment Office approval. FFW is not able to provide any more information at this time, given that confidential discussions with MDW are ongoing, but will update the market when there are material developments. Authorised for public release. For further information please contact: Mark Turnbull CEO, Foley Family Wines Limited PO Box 67, Renwick, 7243, Marlborough Tel: +64 21 714 885 Email: mark@ffw.co.nz End CA:00309075 For:FFW Type:MKTUPDTE Time:2017-10-24 09:30:17