FWL NOTICE PURSUANT TO LISTING RULE 7.12.1

19 December 2018 NOTICE PURSUANT TO LISTING RULE 7.12.1 Foley Wines Limited (NZX: FWL) advises that the following securities have been issued: (a) Class of security and ISIN: Ordinary shares NZGRME0001S1 (b) Number issued 12,747,980 (c) Nominal value (if any) N/A Issue price $1.48 per share, total consideration $18,867,000 (d) Payment in cash Yes (e) Amount paid up Fully paid up ordinary shares (f) The principal terms of the Securities (other than for Quoted Securities) exercise price and date in respect of an Option, or the conversion price and conversion date in respect of Convertible Securities or the ranking of the Securities in relation to other Classes of Securities N/A (g) Percentage of class of securities 24.06% of the ordinary shares on issue prior to the allotment and 19.39% of the ordinary shares on issue after the allotment (h) Reason for issue Allotment of shares pursuant to placements as approved by shareholders at a special meeting held on 28 March 2018. Proceeds will be used to partially fund the Mt Difficulty acquisition and new capital projects (i) Authority for issue Shareholder approval and Directors' Resolution dated 13 December 2018 (j) Details of the issue N/A (k) Total number of securities of the class in existence after the issue 65,736,148 (l) Treasury stock N/A (m) Date of issue 19 December 2018 Jane Trought Chief Financial Officer Foley Wines Limited End CA:00328680 For:FWL Type:SECISSUE Time:2018-12-19 16:09:07