FFW Annual Report 2018 Announcement

Appendix 1 (NZAX Listing Rule 10.4.1) Full Year Preliminary Announcement Foley Family Wines Limited ("FFW") Results for announcement to the market Basis of Report Audited Reporting Period 12 months to 30 June 2018 Previous Reporting Period 12 months to 30 June 2017 (Refer Note 2) Amount (000s) Percentage change Total Revenue $NZ 42,078 +10.6 % Revenue from ordinary activities $NZ 42,078 +26.1 % Operating Profit before revaluations and income tax ("Operating Earnings") $NZ 2,752 -44.7 % Operating Profit before interest, impairment, revaluations, income tax and depreciation ("Operating EBITDA") $NZ 6,523 -24.7 % Reported Profit from ordinary activities after tax attributable to security holders ("Reported NPAT") $NZ 1,805 -40.9 % Profit for the period net of tax attributable to security holders $NZ 1,805 -40.9 % Dividend Amount per security Imputed amount per security Final $NZ 0.03 $ 0.011667 Record Date 11 September 2018 Dividend Payment Date 18 September 2018 Current Reporting Period Prior Reporting Period Net tangible assets per share $1.56 $1.50 Notes: 1. This announcement should be read in conjunction with the attached audited Annual Report 2018. A copy of the Annual Report 2018 can also be found on the FFW web site www.ffw.co.nz. 2. The 2017 comparatives have been amended due to the reclassification of $216,000 of expenses on the Income Statement from discounts (which are recorded as a reduction in Revenue) to Selling, marketing and promotion expenses to be consistent with the treatment of these promotional expenses in the current year. Attachments: Media Release Directors and CEO Report - Annual Report for the Year Ended 30 June 2018. Annual Report for the Year Ended 30 June 2018. End CA:00322677 For:FFW Type:FLLYR Time:2018-08-23 16:25:14