FFW Releases Half Year Result to 31 December 2017

Appendix 1 (NZAX Listing Rule 10.4.1) Half Year Preliminary Announcement Foley Family Wines Limited ("FFW") Results for announcement to the market Basis of Report Unaudited Reporting Period 6 months to 31 December 2017 Previous Reporting Period 6 months to 31 December 2016 Amount (000s) Percentage change Revenue from ordinary activities $NZ 20,111 21.1 % Profit before revaluations and income tax ("Operating Earnings") $NZ 971 390.4 % Operating profit before interest, impairment, revaluations, income tax and depreciation ("Operating EBITDA") $NZ 3,007 37.5 % Reported Profit (loss) from ordinary activities after tax attributable to shareholders ("Reported NPAT") $NZ 298 192.3 % Profit/(loss) for the period net of tax attributable to shareholders $NZ 298 192.3 % Dividend Amount per security Imputed amount per security Interim $NZ Nil $ Nil Record Date N/A Dividend Payment Date N/A Current Reporting Period Prior Reporting Period Net tangible assets per share $1.47 $1.42 Comments: 1. A full copy of the Half Yearly Report for the year ended 31 December 2017 is available on the FFW web site, at: http://www.ffw.co.nz. Attachments: Media Release Half Yearly Report for the Six Months Ended 31 December 2017. End CA:00314807 For:FFW Type:HALFYR Time:2018-02-27 14:46:17