Annual Meeting – Results

CERTIFICATE OF RETURNING OFFICER AS TO VOTING I, Melanie Tonkin, Governance and Representation Advisor, of Livestock Improvement Corporation Limited ("Company") hereby certify as follows: 1. I was authorised by the Board of the Company to receive and count postal, electronic and proxy votes at the annual meeting of shareholders of the Company held on Wednesday 18 October 2018 ("Meeting"), and to act as returning officer in relation to votes cast on a poll at the Meeting. 2. I appointed Electionz.com Limited to collect together all postal, electronic and proxy votes received by or lodged with the Company in relation to the Meeting. 3. With respect to the postal and electronic votes and the votes cast by way of poll in relation to each resolution to be voted on the Meeting, Electionz.com, on my behalf counted: (i) The number of Shareholders voting in favour of the resolution and the number of votes cast by each Shareholder in favour of the resolution; and (ii) The number of Shareholders voting against the resolution and the number of votes cast by each Shareholder against the resolution. 4. Attached are the results of the counts made as referred to above Dated the 18th October 2018 MJ Tonkin Returning Officer Annual Meeting of Shareholders - 18 October 2018 Postal Voting and Poll Voting Results Results of Resolutions: 1. Approval of LIC Directors' Remuneration Total Shareholders voting in favour of the resolution 18,072,122 Total Shareholder votes in favour of the resolution 67.77% Total Shareholders voting against the resolution 7,761,565 Total Shareholder votes against the resolution 29.10% 2. Reappointment of external Auditor KPMG Total Shareholders voting in favour of the resolution 25,723,454 Total Shareholder votes in favour of the resolution 96.45% Total Shareholders voting against the resolution 743,943 Total Shareholder votes against the resolution 2.79 % 3. Approval of LIC Shareholder Council's budget Total Shareholders voting in favour of the resolution 22,808,016 Total Shareholder votes in favour of the resolution 85.52% Total Shareholders voting against the resolution 3,235,421 Total Shareholder votes against the resolution 12.13% 4. Ratify the reappointment of Mrs Candace Kinser Reed as an Appointed Director Total Shareholders voting in favour of the resolution 24,081,097 Total Shareholder votes in favour of the resolution 90.29% Total Shareholders voting against the resolution 1,333,714 Total Shareholder votes against the resolution 5.00% End CA:00325499 For:LIC Type:MEETING Time:2018-10-18 12:09:44