SPH Notice – Deborah Lee Seerup

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX and To ALF (Allied Farmers Limited - Company Number 169597) Relevant event being disclosed: Change in nature of relevant interest. Date of relevant event: 7 August 2018 Date this disclosure made: 7 August 2018 Date last disclosure made: 22 February 2018 Substantial product holder(s) giving disclosure Full name(s): Deborah Lee Seerup Summary of substantial holding Class of quoted voting products: NZX:ALF Ordinary Shares Summary for Deborah Lee Seerup For this disclosure,-- (a) total number held in class: 12,120,005 (b) total in class: 161,505,350 (c) total percentage held in class: 7.50% For last disclosure,-- (a) total number held in class: 11,850,005 (b) total in class: 161,505,350 (c) total percentage held in class: 7.34% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure: Change in Registered Holder from ASB Nominees to Deborah Lee Seerup. No change in Beneficial Owner. On-market purchases of 270,000 ALF ordinary shares for average consideration of NZ$0.0836 per share, between 26 July 2018 and 7 August 2018. Details after relevant event Details for Deborah Lee Seerup Nature of relevant interest(s): As above For that relevant interest,-- (a) number held in class: 12,120,005 (b) percentage held in class: 7.50% (c) current registered holder(s): ASB Nominees (d) registered holder(s) once transfers are registered: Deborah Lee Seerup For a derivative relevant interest, also-- (a) type of derivative: Not Applicable (b) details of derivative: Not Applicable (c) parties to the derivative: Not Applicable (d) if the substantial product holder is not a party to the derivative, the nature of the relevant interest in the derivative: Not Applicable Additional information Address(es) of substantial product holder(s): 99A Gover Street, New Plymouth, New Zealand Contact details: Geoff Seerup. Phone: 021-888800. Email: kiwiroast@gmail.com Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not Applicable Certification I, Deborah Lee Seerup, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made. End CA:00321828 For:ALF Type:SHINTR Time:2018-08-07 15:31:38